What Is a Home Warranty? Benefits, Costs & Facts Of Interest - HER Commercial Real Estate Blog

Abstract

Home warranty can simply be defined as a policy in which repairs for most home appliances are covered when a breakdown happens. Usually, the home warranty policy is bought for a year right after buying a new property. Home Warranty Benefits The biggest benefit of having home warranty is that you gain the reassurance that you can move in a new home without then be hit by surprise repairs and extra costs. There are even home warranty companies that will offer free coverage with main hope that the buyer is going to keep the initial coverage policy. Home sellers tend to pay for one year so that home buyers are more enticed to buy the warranty. With home warranty, replacements and repairs on home systems are covered. Conclusions To sum up, home warranty is something that you have to consider when you buy a home or when the wear and tear of your appliances start to become a problem.