Why have a Home Warranty?
A home warranty is not the same thing as homeowners insurance. A home warranty is a contract between a homeowner and a home warranty company that provides for discounted repair and replacement service on a home’s major components, such as the furnace, HVAC, plumbing, and electrical systems. A home warranty may also cover major appliances, such as washers and dryers, refrigerators, and swimming pools.
A warranty can provide peace of mind to those purchasing a home with used appliances and older systems. Not all homeowners have the DIY skills to handle repairs on their own, so having a home warranty to fall back on alleviates that worry. Homeowners might appreciate the convenience of making a single phone call if something breaks or needs repair.