What is a Home Warranty?
A home warranty plan is a service contract made with a third party repair company. There are many options when it comes to home warranties. The purpose of the home warranty is to ensure that you are not met with unexpected repairs or system failures while owning your home.
A home warranty covers all the major systems of a home. They provide insurance against repairs or failures of electrical, plumbing, water heater, appliances, garbage disposal, heating, air conditioning, and roof. The coverage depends on the policy itself and the price corresponds with the level of coverage.
How does a home warranty work?
If there is a problem with a covered system, you will contact the home warranty company and place a claim. They will then send a repair person to your home to assess and correct the problem. Basically, it’s an insurance policy against unexpected repairs. A home warranty ensures you’re never caught with an expensive repair bill. It’s a very small price to pay for peace of mind.