When Can you Purchase a Home Warranty?
Table of Content A Practical Guide To Buying A New-Build Home What Does a Home Warranty Cost? What are the risks of buying a property with a special warranty deed? Home warranty plans vary in their coverage. Another common problem is that when a homeowner purchases a used home, it might come with a 10-year-old furnace that the previous owner did not maintain. At that point, no matter how well the new homeowner tries to care for the furnace going forward, the previous neglect can’t be corrected and any damage can’t be undone. In addition, warranties have numerous exclusions, as well as dollar limits per repair and per year. Home warranties also make sense for people who aren’t handy or don’t want to worry about tracking down a contractor when they have a problem. When a covered system breaks down, you file a claim, and the company sends a qualified contractor to your home. You pay a service call fee — and as long as the repair or replacement is covered, the home warranty company...