What Does a Home Warranty Cover?
One of the problems with older homes is that they come with old stuff. And old stuff tends to break down. Let’s say you’re in the market for an older home. Inspections don’t turn up any problems, all appliances and systems are in proper working order. But they’re old. Are there any guarantees against something breaking down and you having to pay the bill? There is and it’s called a buyers 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 usage. While a home warranty cannot prevent systems and appliances from failing, it can save you money on costly covered repairs and replacements. Some of the items that are covered in a standard home warranty are:
- Primary Gas, Oil or Electric Heater
- Air Conditioner/Cooler/Heat Pump
- Plumbing Pipe Leaks
- Water Heater
- Garbage Disposal
- Sump Pump
- Electrical System
- Dishwasher, Trash Compactor, Oven, Range, Cooktop, Refrigerator, Washer, Dryer