In honor of National Home Warranty Day on February 10, we’ve answered some of the frequently asked questions about home warranties. Use this primer to learn about the pros and cons of home warranties.
What is a home warranty?
A home warranty is a service agreement that protects home owners from having to pay out of pocket for costly repairs or replacement of specific home systems and appliances. It may also be referred to as a home protection plan, or in the case of new homes, a builder’s warranty.
What does a home warranty cover?
It varies by plan, but items typically available for coverage including major systems such as heating and air conditioning (HVAC), plumbing and sewage, electrical systems and the roof, as well as household appliances including kitchen appliances and washers and dryers. Continue reading