What is the difference between a home warranty and a home inspection?
A home inspection is not a warranty. An inspection is an examination for, and documentation of, specific conditions which adversely affect the components inspected. A warranty is a pledge made by the original manufacturer of a product to repair, replace or correct specific deficiencies in the product which occur within a stated period of time. The term “warranty” is often misused in reference to insurance plans offered for sale to home buyers. Such insurance typically covers certain components or appliances, and it contains deductibles and numerous disclaimers regarding the items covered. An example of an item typically excluded in such insurance plans is the heat exchanger in the furnace. The heat exchanger happens to be the single most expensive component in the heating plant! If someone offers to sell you some kind of home warranty, be sure to read the entire policy very carefully to be certain that it meets your specific needs. If you want the kind of insurance that these plans or
