What is a home warranty?

What is a home warranty
A home warranty is a one year residential service contract that provides repair or replacement coverage for the major operating systems and appliances in a home that fail due to normal wear and tear.
Home Buyers’ BenefitsMove in with assurance knowing your home is covered.
You are covered for unexpected home repair or replacement costs on many of your home’s major systems and appliances.
Coverage is regardless of the appliances’ age, make or model.
It only takes a phone call and a small service fee to fix the problem.
Service is available 24 hours a day, 365 days a year.
You’ll have budget protection knowing you only have to pay a nominal service fee per trade call.
Home Sellers’ BenefitsSell with confidence.
Having a home warranty as an additional feature will give you a competitive edge over other homes on the market.
Buyers have more confidence in your home and there is usually less negotiating in getting closer to your asking price.
If something breaks after the sale, there is limited liability for you. Buyers will contact the warranty company rather than calling you.
Protect your budget, one major breakdown before or during the sale of your home can very costly and delay things.
Did you know:
- A customer uses their warranty 2 times on average? If they didn’t have the warranty, then the expense for the repair would be out of pocket