Home Warranty
Why should you purchase (or negotiate into the sale) a Home Warranty for your new home? The answer is simple. A Home Warranty will provide you with peace of mind after you move into your new home.
Following are some commonly asked questions about a Home Owners Warranty.
What parts of my new home will a Home Warranty usually cover?
Most home warranties will cover the repair or replacement of many electrical and mechanical failures such as the home’s plumbing, central air conditioning system, and central heating systems.
**Be sure to read the particular coverage information for the home warranty you are purchasing. Coverage of systems varies between warranty products and is also dependent upon the part of the United States where you reside.
Can I ask for a Home Warranty in the purchase agreement?
Yes. This is the time to request a home warranty that offers comprehensive coverage for items in your new home.
Are appliances covered by the Home Warranty?
Most home warranties offer coverage for appliances which are included in the sale of the home (e.g. a stove or dishwasher which is left with the home for the new owner’s).
**Read the coverage information for your particular plan to see if there is an additional charge for appliance coverage beyond the standard plan.
What is the coverage time period for a Home Warranty?
A typical Home Warranty plan will cover items in your new home for a period of one year from the date of closing.
Who pays for a Home Warranty?
A buyer or seller may pay for a Home Warranty. This is usually negotiated during the offer negotiations. If the seller and buyer cannot agree on who should pay for the Home Warranty, a buyer may always decide before closing to pay for the Home Warranty at the time of closing.
