What is (and isn’t) Covered by a Home Warranty Plan
Every home warranty plan comes with different details on the
appliances and systems that are covered.
Usually you can get major home appliances such as:
More complex systems, such as your central air condition,
plumbing, and electric may also be included. It’s also possible to add on extra
items in an a la carte fashion. For instance, well pumps, pool or spa pumps,
and septic pumps can be included through many companies for an additional cost.
What’s not included in a home warranty plan?
Oftentimes, parts of a certain system are covered, while
others aren’t. A common example is a garage door opener being covered under a
home warrant, but the actual garage door and track are typically excluded.
Structural issues also aren’t covered by a standard home warranty, such as
walls, windows, or the roof.
Carefully review the details of your plan so you can plan to replace parts that aren’t covered by your warrant.
Finally, a home warranty doesn’t replace covered items in
the way homeowner’s insurance does. It’s not meant to help protect against
catastrophic events like flooding or fire. Instead, a warranty covers these
items for general wear and tear.
When to Buy a Home Warranty
A home warranty is sometimes included by the seller when you
go to buy a house. If it’s not part of the agreement, you can negotiate this
add-on as part of the offer. That way, you’re protected from having to replace
countless items that a former owner didn’t necessarily keep up with or care for
properly. If the seller refuses, you can also purchase one on your own to help
cover you as you learn the ins and outs of your new home and see how well
You may also consider purchasing a home warranty if you’ve
been in your own home and your appliances are started to age. This can help you
plan for replacements on a more predictable budget.
Frequently Asked Questions
What is a home warranty when buying a house?
Sellers oftentimes include a home warranty as part of the sale to encourage buyers to make an offer. Not only does the home warranty offer protections after the buyer moves in, an active warranty can also protect the seller in the home in case any covered appliances break while the home is listed on the market.
How long does a plan last?
It depends on the plan. Most warranties last for one year and then you’ll need to renew again. Also keep in mind that once you pay for your plan, there’s usually a 30-day grace period during which you won’t have coverage. The plan’s 12 months then goes into effect.
How much does it cost?
Plans vary based on the amount of coverage you want and whether you include any add-ons. At a minimum, expect to pay at least a couple hundred dollars for a basic plan, and more if you want something more extensive.
Can you buy a home warranty at any time?
Home warranties are often purchased as part of a real estate transaction, either by the seller or the buyer. But any homeowner can purchase a home warranty to cover appliances that are currently in working order.
Can you get one for an older home?
Yes, you can purchase a home warranty despite the age of the home. Some companies may require an inspection to confirm that everything covered is working properly, but others do not. In most cases, the age of the appliances doesn’t matter when choosing a plan.
Find a Home Warranty Company Today!
Get the perfect amount of coverage for your appliances and systems through a home warranty.