What Is A Home Warranty When Buying A House at Buying

What Is A Home Warranty When Buying A House. A building warranty is essentially an insurance policy for newly built homes. A home warranty, also known as a home service plan, is a service contract that defrays the cost of repairs to major home systems or appliances, or even replacement of.

A home warranty, also known as a home protection plan, is an annual service contract that covers repairs and replacements to major home systems and appliances that break down due to normal wear and tear. Homeowners purchase this type of warranty for themselves to receive coverage on systems and appliances after moving into a new home. A home warranty offers you peace of mind, up to a certain limit.

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A home warranty policy covers repairs on appliances and major home systems that break down, which can be helpful in your first year of homeownership in particular. Many home warranty plans cover central heating and air conditioning, washer and dryer, and even roof. Home warranty policies cover your home’s appliances and systems. What is a home warranty?