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A Few Things That You Need To Know About Home Warranties

20.04.2016 / Comments are off

A lot of people don’t really know what a home warranty is let alone what it’s used for. Few have a vague idea. As far as these few know, a home warranty is just another type of coverage, something like a homeowner’s insurance, the latter being a term that most people know of. In this article, we’ll touch on the basics of home warranties, what they are, how much they cost and who pays for them.

What is a home warranty?

Like we mentioned just above, a lot of people tend to confuse home warranty with homeowner’s insurance. While a homeowner’s insurance insures a person’s house against serious damage such as fires and robbery, a home warranty is limited to select appliances, such as your windows, your furnace, and other home appliances.

How much do they cost?

The cost of a home warranty can vary from company to company, but you can be assured that they’re not very expensive. Certain plans may range between just a few dollars a day. It depends on the amount of coverage provided by the policy. Also, the more the appliances covered, the more expensive the policy may get. So anytime you find an appliance that needs to be replaced, all you need to do is call your company, you can get it fixed or replaced for a certain service charge.

Who pays for the warranty?

In many cases, the seller usually offers the buyer of the house a home warranty so that any undue damages can be affordably fixed. But if you are the first owner, you can buy a warranty by yourself.