What Does a Home Warranty on a Home Include?

When you purchase your new home, you will likely spend hundreds and thousands of dollars on this investment through means of your down payment, homeowner’s insurance, tests, inspections, and appraisals. Often times you are draining your savings that you have built home warranties in order to make your dream of home ownership a reality. The last thing that you want to have happen is to have a major out of pocket expense within the first months or year of owning your new home.

Make sure that you take steps to protect your investment by not only having your new home inspected, but also negotiating or purchasing a home warranty with the purchase of your home. Unforeseen breakdowns in major appliances can occur and a home warranty will help alleviate the pressure of a large out of pocket expense after you have just purchased your home. A home warranty is a terrific solution to help offset these expenses, simply because these breakdowns of major appliances and mechanicals are not covered by homeowner’s insurance.

If you are purchasing a home that features older mechanicals, a home warranty is safeguard to your investment. Moving is stressful enough and you certainly want extra protection against future problems.

Here are some examples of what most home warranties cover:

· Air Conditioning

· Heating

· Electrical System

· Plumbing System

· Refrigerator

· Range

· Built-in Dishwasher

· Built-in Microwave

· Garbage Disposal

· Built-in Trash Compactor

· Clothes Washer

· Clothes Dryer

· Water Heater

· Ceiling Fans

If you are selling your home, it is also a great advantage over your competition to offer the Buyers a home warranty upfront with the purchase of the property. It allows the Buyers to shop with confidence knowing that the home will be covered under the warranty after the time of closing. Oftentimes the warranty company will also offer a coverage plan to the seller during the time that the house is listed so as they seller you have peace of mind knowing that you also have coverage during the stressful time of selling your home.

Lastly, you will want to shop warranty companies to ensure that you are not overpaying for the upfront warranty premium or being shocked with a high deductible for a service call, which can ultimately negate the whole financial reason that you would offer a warranty. Each warranty company will cover different items, so it is important to make sure that the warranty company you choose does have a good core coverage for the major mechanicals in your home.