What Is a Home Warranty?
Unlike homeowners insurance, which protects policyholders from events like theft, fire and weather damage, home warranties offer protection from everyday breakdowns due to normal use. New appliances and home equipment typically come with manufacturer or installer warranties that range from a few months to a few years. But home warranties can be renewed year after year, regardless of the age of household equipment.
Why Are Home Warranties Important?
Equipment and appliance breakdowns aren’t a matter of if, but when. Without a home warranty, sellers may experience anxiety, wondering if their aging household systems will develop problems while their home is on the market, and home buyers may wonder how much life is left in the appliances that come with their new home. Home warranty protection gives home buyers and sellers the comfort of knowing they’re covered when something breaks down. This makes sales easier to close and minimizes post-sale disputes.
A Sellers Home Warranty Benefits Everyone
As a homeowner, it’s important to have a plan in place to minimize the expense and downtime resulting from common household breakdowns. As a home seller, it can be critical. When a home’s on the market, buyers are bound to notice a leaky pipe or electrical problems. They may be less inclined to buy or to offer the full asking price. Getting things fixed quickly – and properly – is essential.
Introducing 13-month plans by Home Warranty of America:
