A home warranty is a service contract, normally for one year, which helps protect home owners against the cost of unexpected covered repairs or replacement on their major systems and appliances that break
Loan requests for new home purchases hit a new high for the year last week, the Mortgage Bankers Association reports. Applications for home purchases, viewed as a leading indicator for future home sales,
Be aware of the policy if you take a cash settlement instead of repairing or replacing your home. They will pay you Actual Cash Value instead of replacement cost. This clause in the policy prevents policy holders to "take the money and run".
Check your policy for this clause. I'm very sure it's in there.... more