A home warranty covers a year (renewable) home service plan that helps with the cost to repair or replace parts of your home’s systems and appliances.  It is designed to provide necessary protection against high maintenance issues, repairs and replacement costs.  Home warranties as a rule will cover multiple items including the electrical systems, kitchen appliances (including garbage disposals), plumbing, washers, dryers, heating and cooling systems.  There are also optional coverages for pools, spas, well pumps and sewer lines that you can also purchase.

It is not homeowner’s insurance but acts as a compliment to it.  Most warranty companies will charge a deductible for each service call, per item.

How does a home warranty work? Keep in mind, you do not call the contractor to come out and perform the work and then file a claim with the warranty company, that is not how home warranties work.

When an item covered under your warranty has an issue during your warranty period, you call a number provided by your warranty company, they will connect you with one of their service providers who will collect the deductible amount at the time of the service call. (deductibles range from $100 to $200.)  Then they will service your item.  If the contractor determines the item needs a specific repair or replacement, he will notify the warranty company and take care of it for you.  When this happens you will think to yourself... "lucky thing that I purchased a home warranty!"

As a real estate professional, I offer a home warranty to my seller and buyer clients as my thank you gift and I receive a post card from the warranty each time they cover a claim on one of my warranties and it truly works!  Many of my clients have renewed the warranty year after year to continue their coverage.

There are many different warranty companies out there, feel free to reach out to me if you would like to know who I use or if I could answer any question you may have about home warranties.

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