Last Updated on November 28, 2022 by Tayyaba Khan
A home warranty is a one-year contract that covers repairs and replacements on systems and appliances in your house. A home warranty plan explicitly refers to your unique contract. Home warranties such as choice home warranty protect your home’s systems and devices from wear and tear. You decide how much coverage you want.
You can create a plan that is unique to your home. A typical plan includes:
- Heating and cooling systems, as well as ductwork
- Piping systems
- Systems of electricity
- Heaters for water
- Ovens, Ranges, stoves, cooktops, dishwashers, and built-in microwaves are examples of kitchen appliances.
Choose a more comprehensive plan if you want more excellent coverage. Choice Home Warranty’s total plan involves all the above, and also your:
- Cooling and heating
- Laundry machine
- Tumble dryer
There are numerous compelling reasons why you should get a home warranty. The short answer is no. It’s a proactive strategy to acquire peace of mind about your house. Here are a few more examples:
- To safeguard both your home and your finances. You’ve already done the groundwork for when inevitable household breakdowns occur due to wear and tear.
- To find a reliable technician.
- To conserve time. With a house warranty, you won’t have to waste time looking for the correct contractor and making phone calls to set up an appointment.
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What is the distinction between a house warranty and home insurance?
It’s easy to mix up a home warranty and homeowner’s insurance, but the distinction is plain. A house warranty protects you against the day-to-day problems that can occur in your home by covering wear and tear failures of eligible home appliances and systems. Having both keeps you safe from both typical breakdowns and catastrophic situations for total protection.
When should you buy a house warranty?
A plan can be acquired when you first purchase your home or at any time after that. Moving and settling into a new community can be stressful for you and your family. Knowing that a home warranty covers your appliances and systems can take a lot of stress off your shoulders.
When purchasing a property, many buyers are recommended to ask the seller for a home warranty, especially if the home is older and includes older equipment. When you don’t know much about the property’s history or how well its systems and appliances have been maintained, a home warranty might make the offer more appealing.
The home seller may pay for the first year of home warranty coverage after the buyer takes possession. Still, it is not uncommon for a real estate agent to present a home warranty to the purchaser as a housewarming gift.
How might a home warranty assist me in selling my house?
When selling your house, including a home warranty in the contract is a great way to encourage buyers. It demonstrates good faith and provides buyers with certainty that home appliances and significant components of home systems are protected for the first year of ownership.
If you already have a house warranty, you can transfer it to the new owner. A house warranty will not only safeguard your most significant investment but will also help you plan for the unforeseen. Who wouldn’t want that?