What is a Home Warranty?

A Home Warranty is an insurance policy that covers certain physical systems within a home. Typically, the warranty will cover the electrical and plumbing systems, the furnace and range, roof, and other items, for one year from the date of closing. If a repair is needed, the homeowner calls the warranty company, who dispatches a technician to repair or replace the item in question. The homeowner pays a small deductible, usually around $45-$75 and the warranty company covers the rest. Home warranties are not only used by owner/occupant homeowners, they are also used on rental homes by landlords. It is also very common for sellers to purchase a home warranty for the buyer for peace of mind. Below are links to various companies who sell home warranties. Most home warranties currently cost about $300-$400.

American Home Shield

Best Home Warranty

Fidelity National Home Warranty

First American Home Warranty

Home Warranty of America

Old Republic Home Warranty

 

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The information contained on this page and website was written and produced by Dave Turnquist and is the sole property of San Jac Real Estate. No unauthorized reproduction or use of this information is permitted without the expressed written consent of Dave Turnquist, Broker/Owner of San Jac Real Estate