A home warranty is a service contract, usually renewable annually, that covers the repair or replacement of a variety of different appliances and system components. Home warranty coverage is intended to help home owners pay costs associated with common appliance and system component breakdowns.
Unexpected repair or replacement costs of items often covered by a home warranty can easily strike out your budget. Plus, finding a qualified professional to solve your problems can be stressful and inconvenient.
A home warranty helps give buyers additional confidence in the real estate transaction - they'll know that the warranty company stands behind the covered systems or appliances in the house.