Things You Need to Know About Home Warranties
One can have a bad day or even days at a time when the HVAC is not working in the middle of winter at a time he or she has no money. In the same line, one can imagine how it would feel with the roof blown by the wind immediately after one has committed all his or her salary to a mortgage. 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. One would need to note that a home warranty is more like an insurance cover that caters for any repairs and replacement to any home equipment within 12 months after closing. A home warranty tends to last for a whole year and does not expire even if one had to sell the house in question.
One may think that a homeowner insurance is more or less like a home warranty. While insurance tend to be very specific in the items it covers, a homeowner warranty tends to be a bit general. With that in mind, one would need to view a home warranty as complementary to a homeowner insurance and not a substitute.
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 may need to go for a home warranty as it tends to cover both the labor and the parts.
When enrolling to a home warranty a home inspection is not necessary. 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. A home warranty is typically a one year contract.
It is also essential to note what tends to happen in a case where one sells a house when the warranty is in effect. 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, however, go for an extension of the home warranty in a case where it is necessary especially when one is selling his or her home.