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What is a Home Warranty?
Let's review the common definitions of Home Warranty
Home Warranty is a type of insurance that covers repairs to certain parts of a house and some fixtures.
Home Warranty Coverage guarantees certain features of a new home, such as the materials, workmanship and/or its main components.
Home Warranty is a service contract provided by the home builder that covers workmanship of a new home and appliances in working condition in the home for a period of one year. In addition, some home builders offer a 10-year extended home warranty coverage on major structural defects.
Home Warranty Coverage guarantees on the workmanship or construction of a home including the functionality of some home appliances. The home warranty also pays for some repairs within a specified period.
Like any other warranty, a home warranty guarantees the property against the failure of mechanical systems, such as plumbing, electrical, heating and installed home appliances.
Home Warranties issued by contractors, sellers and real estate agencies protect homebuyers from specified defects in a house as per the contract.
Home Warranty is an insurance policy that covers certain physical systems within a home. Typically, the home warranty coverage includes electrical and plumbing systems, the furnace and range, roof, and other items, for one year from the date of closing.
Home Warranty offers protection for mechanical systems and attached appliances against unexpected home repairs not covered by homeowner's insurance; home warranty coverage extends over a specific time period and does not cover the home's structure.
Home Warranty is a policy that is purchased by a home buyer or home seller as assurance against unexpected home repair costs.
