Things to Know About Home Warranty and How It Works

Home warranties are similar in nature to service contracts or insurance policies that cover products and structural components of residential buildings.

A home warranty like the extended home warranty is sold for a fixed term and charged a fixed monthly or quarterly fee. Some cover the entire kitchen appliance package, while others include plumbing and electrical systems, gas lines, sewer and gas lines, as well as pool and spa coverage. Other home systems are also covered, such as:

• Heating ductwork and air conditioning
• Doorbells
• Smoke Detectors
• Ceiling Fans
• Garage Door Openers
• Pumps for wells
• Water softeners
• Septic System Plumbing

Home warranties are typically sold by the administrator like EHW offers home warranty plans that are a step above the norm and provide protection for homeowners who value what is important to them.

Home warranties cover mechanical product failures that are not covered by the manufacturer's or builder's warranties. They typically include deductibles and limit repair, effectively capping repair costs by-product and the entire contract term.

Who should purchase a home warranty

You might consider a home warranty if you are buying an older home. Make sure you get one from a reliable company. You should be familiar with the terms and conditions of your home warranty. This includes how long it lasts and what it covers.

To sweeten the deal, home sellers may also consider offering buyers a home warranty. A major appliance can be fixed or replaced at a fraction of the cost. This will make it more attractive to a potential buyer. Ask the seller about any appliances or systems that are under warranty.

Also, get all documentation regarding the policy to transfer it to yourself and find out when coverage ends. Ask for the maintenance history of major components of your home.

Advantages Of Home Warranties

If you are buying a home with older appliances or systems, a home warranty can give you peace of mind.

It's unlikely that you will have any existing relationships with local mechanics or contractors if you are new to the area. Your home warranty company will usually help you find and hire a reliable professional. You should verify this. Some companies will hire local pros and then reimburse you, while others may pay the contractor directly. Ask how reimbursement will be handled if it is reimbursement.

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