What is a Home Warranty?
UNDERSTANDING HOME WARRANTY vs. HOMEOWNERS INSURANCE
Homeowners Insurance protects your home and personal items from things like theft and fire. But what if one of your home’s major components or systems needs major replacement? When it comes to things like plumbing, electrical, heating or airconditioning, water heaters and appliances, a home warranty can come in handy. A home warranty covers these types of items and will help to offset costly repairs if they fail or need repair.
A home warranty will provide repair or replacement service for the length of the warranty agreement, which typically lasts for the first year you own the home. To attract more buyers, the seller will often provide a home warranty and pay its cost at closing, but the buyer can also choose to purchase a plan if the seller does not offer it.
An important factor to consider before buying a home warranty is the age of the home. If the home is 10 years old or older, chances are some issues could arise that justify the cost of the program.
Semonin Realtors® partners with 2-10 Home Buyers Warranty to provide comfort and peace of mind to our buyers and sellers. 2-10 HBW is a premier and reputable home warranty provider that has protected more than 5.5 million new and pre-owned homes. To learn more visit www.semonin.com/homewarrantyservices