What is covered under a home warranty? [VIDEO]

July 14, 2015

Transcript Say you notice that the heat or A/C isn't working. What do you do? Who is on the hook for these costly repairs? The homeowner is, especially if they don't have a home warranty in place! A home warranty typically repairs or replaces mechanically failed systems and appliances in a home. This is not to be confused with homeowner's insurance, which is a reimbursement for property damage or theft of personal belongings. If you have a home warranty, your home warranty company will assist in finding a service provider to come out and evaluate if the item or failure is covered, and if it needs repair or replacement. Not all home warranties contracts or companies are the same. They vary in price, coverage and service. However, most cover major systems like heating or air conditioning, plumbing and electrical systems and appliances like washers, dryers, dishwashers and refrigerators. It is essential to compare the components that are covered, as well as the pricing and limitations of coverage, in the terms and conditions. Feel free to reach out to us for more information, and check back soon when we'll cover the benefits of a home warranty for sellers and buyers.