Things You Did Not Know About Home Warranties
One can only imagine how a home would feel with the HVAC not working especially after one has just bought a home. It the same line, one would be very much worried if his or her roof was blown at a time he or she does not expect any expense. One would have very easy time in case of such a break down if he or she had a home warranty but one may need to know what it entails. A home warranty tends to come to cover repair and replacement costs one would incur on the many home system appliances that tend to breakdown as a result of the normal tear and wear. A home warranty tends to last exactly 12 years even if one had to transfer ownership of the house in question.
There also tend to be a difference between a home warranty and a homeowner insurance. However, one would need to note that a home warranty tends to cover even the normal break down of appliances and components that the homeowner insurance plan does not cover. 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.
One would also need to note that there is a need for a home warranty even when one has a manufacturer warranty. 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. One would not need to forget that a home warranty is more or less a one year contract.
It would also be essential for one to know what happens in a case where one sells the house in question. In an instant where one sells the home in question, the home warranty benefits tend to be transferred to the new owner. 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 need to know that it is possible for one to add the remaining difference at closing to provide a full 12 months of coverage.