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Whether selling or buying a home, you can’t predict when problems will arise. Unplanned home repair expenses can put a tremendous strain on the family budget. A home warranty gives you the protection you need. It covers mechanical breakdowns in major systems like plumbing, electrical, heating and air conditioning, as well as washer, dryer, oven, refrigerator and other items. With so much that can go wrong, a home warranty gives you peace of mind.
Buying a home?
Buyers benefit from a home warranty by knowing that they have protection from unexpected mechanical breakdowns during their first year of ownership. For some Buyers, after spending their savings for the down payment on their home, a $1,500.00 furnace replacement can be catastrophic. With a home warranty, that problem can be alleviated with one toll-free phone call to the claims department. Also, coverage can be renewed year after year, extending protection for as long as you need it. With a home warranty, you’re covered against a mechanical breakdown of a covered component for a full year, beginning the day of closing. You pay only a standard deductible for each claim.
- A standard deductible limits your cost for repairing a covered system, appliance or component.
- Provides coverage generally not offered by a homeowner’s insurance policy.
- A network of qualified contractors is available 24 hours a day, 365 days a year to assist you.
- Optional coverages are available for additional protection.
- The warranty may be renewable in subsequent years, so you can enjoy the protection for as long as you own your home (eligibility subject to underwriting criteria.)
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