Basic Information One Must Know About Home Warranties
One can only imagine what would happen in a case where the HVAC failed in the middle of winter and at a time he or she has got no money to repair it. One may also imagine what would happen if the roof was blown at a time he or she has committed his or her finances and hence with no money. One would be safer if he or she had a home warranty but one would need to have basic information on what it is, to begin with. 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. One may need to note that a home warranty tends to cover even the normal break down of appliances something the insurance does not. As a result, one would need to note that the home warranty tends to be more of a complement to a standard insurance as opposed to a substitute.
Most of the items in a home tend to be covered by a home warranty.
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.
When enrolling to a home warranty a home inspection is not necessary. All one would need to make sure is that all the appliances and equipment are well installed and are functional at the time one enrolls. 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, 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.