Things You Did Not Know About Home Warranties
One can only imagine what would happen in a case where the HVAC failed in the middle of winter and at a time he or she has got no money to repair it. In the same line, one can imagine how it would feel with the roof blown by the wind immediately after one has committed all his or her salary to a mortgage. One would be safer if he or she had a home warranty but one would need to have basic information on what it is, to begin with. It is essential for one to begin by noting that a home warranty is a type of cover that tends to cater for cost of repairs and installations of any broken appliance in the house for 12 months after its renewal. A home warranty is typically a one year agreement and hence allows one enough time to get a financial recovery.
One may think that a homeowner insurance is more or less like a home warranty. One may need to note that a home warranty tends to cover even the normal break down of appliances something the insurance does not. As a matter of facts, a home warranty tends to be complementary to the homeowner insurance.
One may need to note that the items that tend to be covered include the kitchen appliances, the central heating systems, the central air conditioning system, dryer, clothes washer, electrical systems, plumbing system, and the roof leaks.
While most manufacturers tend to cover the failed part, most of them do not offer labor for the installation or repair of the failed part after one year after purchase. One would need to note that a home warranty, unlike a manufacturer’s warranty, tends to cover both the cost and the repair or the installation.
In most cases, a home warranty may not need any inspection before one enrolls. One may only need to make sure that all the covered items are properly installed, maintained and are in good working condition by the time one is applying for a home warranty. A home warranty is typically a one year contract.
It is also essential to note what tends to happen in a case where one sells a house when the warranty is in effect. One would need to note that the benefits tend to be extended to the new owner in a case where one sells a home. One may have spent only three months after he or she enrolls to the home warranty meaning that the home buyer would enjoy nine more months. One may, however, go for an extension of the home warranty in a case where it is necessary especially when one is selling his or her home.