Should you get a home warranty? And Why?
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always suggest a home warranty to buyers and sellers. The home warranty is an insurance policy designed to protect the seller and buyer. It protects the seller during the listing period and the buyer for one year after the close of escrow, against repair costs for mechanical systems and major appliances.
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The cost of the warranty is a one time fee which either the buyer or seller can pay at the close of escrow and it’s renewable annually.
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Depending on the company and the plan you choose your plan might include things like heating, air conditioning, dishwasher, washer, dryer, refrigerator, garbage disposals, pool and or pool and spa equipment.
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Benefits of a home warranty:
- Replacement or repair of major or minor plumbing, heating or electrical problems during the policy period for a only a service fee.
- A full network of qualified technicians at your service
- Protection of your budget against unexpected expenses for repairs or replacements of systems in your home for the first year of ownership (or subsequent years if renewed).
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