What is a Home Warranty?
A HouseCheck Home Warranty protects you from the high cost of unexpected failures to the major systems and appliances in your home by repairing or replacing protected items that break down due to normal wear and tear. Buying or selling your home can be stressful, especially if one of your home’s systems or appliances breaks down unexpectedly.
A home warranty offers valuable protection where your homeowners insurance doesn’t apply. To ensure the best protection for your home and your budget, you need both homeowners insurance and a home warranty. A home warranty protects against costly home repairs and replacements due to normal everyday use. Separate from your homeowner’s insurance policy, a home warranty is a separate contract for repairs and replacements on systems in your home. Home warranties protect many, but not all, of your home’s appliances and systems.
A home warranty is often an added benefit provided in the sale of a home. In that scenario, the seller typically pays a few hundred dollars for a one-year warranty on the home’s major fixtures such as the furnace, water heater, and kitchen appliances. This gives the buyer some protection during that first year of ownership, knowing that if something major breaks down it will be taken care of. Many homeowners choose to continue paying for a home warranty rather than risk bearing the full replacement cost of a major item.
- How Does a Home Warranty Plan Work?
When a failure occurs, all you have to do is call us, day or night, toll-free at 1-800-889-2512 or request service online. Our customer service representatives available 24 hours a day, 7 days a week to discuss the issue with you and work with you every step of the way to facilitate the repair or replacement of the appliance or system.
- When Do I Need a Home Warranty Plan?
When you purchase a home, both new or pre-owned, there is a very good chance that you will be offered a home warranty. The seller may offer to purchase one on your behalf to provide peace of mind that any component of the home that fails can be fixed affordably.
Homeowners that are trying to sell their homes may want to consider the benefits of offering a home warranty on their home. The seller can choose to pay for the home warranty on his or her own or ask that the buyer pay for a specified portion of the cost. By including a home warranty option on their home, homeowners can get the maximum selling price for their home, be relieved of further obligations should repairs or replacements become necessary after the final purchase is completed, and interest buyers in a tough market.
- Pre-Existing Home Purchase
Most homes purchased today are a pre-existing home. Buyers can choose to purchase a home warranty that will protect them against for repair or replacement costs that they may incur with existing mechanical systems or appliances within a specific time frame following the purchase date. Major mechanical systems that are protected include plumbing, electrical, heating, and air conditioning.
- New Construction
Many states require that home builders and contractors warranty their work on a newly constructed home. This provides the homeowner with the assurance that should any major defects or repairs become necessary for a period of time following construction that is not from damage or negligence by the homeowner, then the repairs or replacements necessary will be taken care of.
The workmanship of the home construction, materials used, and performance of major systems such as the plumbing, electrical, and HVAC are all protected under these types of home warranty services. This includes the overall integrity of the structure. Each state monitors the specific requirements in these situations.