Home Warranty: Being Prepared For the Fine Print.

A home warranty is a service contract that will help protect homeowners from unexpected repairs on major appliances and systems that break due to normal wear and tear. Coverage is only for systems and appliances in good working condition at the start of the contract.

Basic coverage usually includes:

• Plumbing- Includes Water Heater
• Electrical Systems
• Heating/ Air Systems (HVAC)
• And Major appliances such as:

• Refrigerator
• Washer/ Dryer
• Dishwashers
• Ovens/Stove/ Cooktop
• Microwave

However, buyers should read their contracts carefully to understand limitations and exclusions. In many contracts there are time limitations on certain appliances or aspects of the policy. When signing a home warranty contract, homeowners should carefully consider the following tips:

1. Research the company that is writing the policy. Many Home Warranty companies have been known to take money from consumers and then not honor their agreements.
2. Warranty Companies also have the ability to deny a claim. Most of the time they state “homeowner negligence.”
3. Make sure all the appliances and systems have been inspected before you cover them under the warranty policy.
4. Many companies will only allow you to use providers that are in their network.
5. On top of paying on average $300 to $500 for the warranty you are still required to pay a deductible or service fee each time someone comes for a repair.
   

When shopping for a home warranty, or if purchasing a house that comes with home warranty be prepared and ready to understand the fine print of your policy.

For more information on all aspects of your home when buying or selling, visit www.123SellHouseNow.com.