Home Warranty Information
What is a home warranty?
The standard home warranty is a one-year service contract that protects a resale home buyer or current homeowner against the cost of unexpected repairs or replacement of major systems and appliances that break down due to normal usage. Coverage is also available to home sellers during the listing and escrow period to help them keep unforeseen breakdowns from potentially delaying the close of sale.
Do you need to be buying or selling a home to get a home warranty?
No, a home warranty can be ordered at any time, even if you have owned your home for years. Call a home warranty company to find out what coverage and prices are available in your area.
Who handles the repairs?
Most home warranty companies maintain a network of qualified independent service contractors to serve you. The independent contractors they use have been carefully screened and meet stringent service standards.
Do home warranty plans cover appliance or system replacement?
Yes. You may already have warranties on individual items in your home; check these warranties carefully, since they may only cover parts and/or labor. With many home warranties, parts, labor, and system replacement are all covered. Please review your plan for complete coverage terms and conditions.
What is the difference between my homeowner insurance policy and a home warranty plan?
A one-year home warranty covers items not covered under your standard homeowner policy - filling a critical gap in the protection of your home. For example, if your dishwasher leaks and water damages the floor, your homeowner's insurance policy may cover the damage to the floor, but not the repair or replacement of the dishwasher. With many home warranties, your dishwasher is covered!
Can I renew each year?
Yes! In most cases, your plan is renewable. The home warranty company will send you an offer of renewal that includes the plan fee and terms of renewal.