Home Buying in New York>Question Details

NYCBrowser, Home Owner in Brooklyn, NY

Just looking for some advice (been so helpful so far). What are "home warranties," and why should I think about using them?

Asked by NYCBrowser, Brooklyn, NY Mon Mar 18, 2013

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Maria Cipollone’s answer
Home warranty is a contractual agreement privided to an owner of a house by any of a number of different types of entities such as home builders, risk manangement groups and others.Basic coverage included plumbing, central air acondiction system, electrical, heating system and major appliances. Buyers should read the home warranty contract carefully to understand coveragesm limitations and exclusions.

Best of Luck,

Maria Cipollone
2 votes Thank Flag Link Fri Mar 22, 2013
A home warranty is your best defense against upcoming home repairs and replacements. It's not your homeowner's insurance policy. A home warranty is a separate contract covering repairs and replacements on systems and appliances in your home, usually for a period of one year.I think the warranties are good overall but you need to make sure you understand what is covered.
0 votes Thank Flag Link Fri Mar 22, 2013
It's kinda like an insurance policy for appliances and mechanical in the home. Each plan varies a bit but they can really save you a lot of money in the long run.
0 votes Thank Flag Link Mon Mar 18, 2013
Home warranty is not a warranty at all but rather a home service contract that covers the repair and/or replacement costs of home appliances, major systems such as heating and cooling, and possibly other components of a home, structural or otherwise. The home service contract generally covers equipment and appliances, such as dishwashers, plumbing systems, and electrical systems, that fail due to normal wear and tear. Coverage varies significantly across home warranty companies. Home warranty contracts do not cover all home repairs.i always asked my realtors to cover the cost even if the home owner does not supply one.
0 votes Thank Flag Link Mon Mar 18, 2013
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