WHAT IS A HOME WARRANTY?
It is a service contract that helps protect homeowners against the cost of unexpected repairs and replacements of covered major systems and appliances that break from normal usage. What Does a Home Warranty Cover? – Water heater – Heating system – Plumbing system – Ceiling fans, central vacuum, ductwork – Range, oven, cook top, built-in microwave – Dishwasher, garbage disposal, trash compactor – Electrical system, telephone & doorbell wiring What it Doesn’t Cover – Roof – Doors & Walls – Items not built-in Optional Warranties – Roof – Well pumps – Washer & dryer – Air conditioning – Swimming pools, spas A warranty normally excludes pre-existing conditions, such as items that are not in working condition when coverage is put in place. Where can I get One? In most cases, warranties are available through real estate companies and their agents. Sometimes a seller pays for and provides the coverage to the buyer as part of the transaction. Ask for a “seller provided” warranty when making an
Definition of a Home Warranty/Residential Service Contract Home warranty companies provide warranty policies to existing home owners, new home buyers, home sellers, real estate agents and title companies to protect the purchaser from unexpected home appliance repairs. In Texas, a home warranty is also called a residential service contract because repairs are made only when appliances and systems break. When parts cannot be found to repair your equipment, you may receive cash to purchase a replacement or a replacement may be installed, compared to a traditional warranty service, which automatically replaces equipment when it fails. Irreparable equipment is not always replaced. Benefits of a Home Warranty (Residential Service Contract) Home Seller Benefits: • You do not have to pay for the contract until the house has sold • A home warranty gives you the opportunity to compete with a brand new house next door. The Buyer is assured that systems and appliances are covered for the first yea
A home warranty is a contract offered to homeowners to protect them in case of major systems failures in the home. Most home appliances and major home systems are covered. The warranty provider replaces anything that breaks or ceases to function during the time period covered by the warranty. The systems and appliances typically covered by a home warranty include: the plumbing system, electrical system, heating system, air conditioning, dishwasher, garbage disposal, cooktop, oven, duct work, washer, dryer, refrigerator, pool or spa and water heater. A home warranty is most often purchased in conjunction with a home purchase. Sometimes it is an extra enticement offered by the seller. Other times, a new homeowner will purchase a warranty to protect themselves from potential problems that may have been missed during a home inspection. The age of the systems does not affect the coverage. Service is usually offered 24 hours a day, seven days a week by approved contractors. Most warranty ser
