Home Warranties Buyer or Seller’s Best Friend?
What is a Home Warranty?
A home warranty is a service contract that covers the repair or replacement of major home systems and appliances. Think of it as insurance for your home’s mechanicals, but unlike homeowner’s insurance, it doesn’t cover damage from events like floods or fires. Instead, it typically covers things like your heating and air conditioning system, plumbing, electrical system, and major appliances such as your refrigerator, oven, and dishwasher. The specifics of what’s covered vary wildly between providers and plans, so it’s crucial to read the fine print.
Who Pays for the Home Warranty?
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