What You Need to Know About Home Warranties

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I get questions all of the time in regards to home warranties, and today I want to answer some of them for you.

“

A home warranty is something 
I do suggest.

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• What is a home warranty? A home warranty is an insurance policy that covers the home after it is purchased.
• Do I need a home warranty? A home warranty is something that I do suggest. It will cover most of the major HVAC systems, the plumbing, and the electrical. It will keep the buyer and seller happy so that everyone knows it will be a safe transaction after the purchase.
• How much does it cost? The typical cost ranges anywhere from $250 to $600, depending on the type of coverage. Most of the standard coverage covers the high-cost items like the HVAC systems, plumbing, and electrical, but you can add on additional coverage for things like pool and spa equipment.
• Who pays for it? It varies from region to region, but most of the time the seller pays for the warranty. This ensures that the buyer is buying a home that will be covered after the term of the escrow. The coverage usually lasts 12 to 13 months.
• Who’s in charge of paying for the service? The buyer. Like any other insurance policy, there will  probably be a service charge included. In case anything goes wrong, you’ll call the home warranty company and they’ll charge the buyer to have a service person examine the equipment.

A couple of things you might want to look for in a good warranty company are 24-hour-a-day availability and whether they have a customer service line. If they do, that will ensure they’ll get your request as soon as possible and you won’t have to wait until after the weekend.

If you need further information or would like references for home warranty companies, feel free to reach out to by phone, text, or email. I’d be happy to help you.