Home warranties have been around for years. However, until recently, home warranties were a well kept secret. Today, home warranties are much more common and are steadily rising in popularity. Although now, many people just don’t know much about home warranties including what ‘standard coverage’ is for a home warranty and what they can expect for coverage from a home warranty.
A home warranty is exactly like the warranty you have on your appliances for the most part. It works similarly, some things are covered and some things are not. When you buy a new dishwasher, you check out the warranty before you purchase it to see what is covered by the warranty and what isn’t. You wouldn’t purchase a dishwasher without a decent warranty – so why would you purchase a home without one?
A home warranty can be purchased by either the buyer or the seller of a property. For the seller, a home warranty is used as a sales feature that will help secure a higher price for the home. For the buyer, a home warranty is used as a safety net for older homes so that any major repairs are covered.
For the most part, you can expect some standard...
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