Home Warranty

Home Buying / Selling

Home Buying / Selling

Home Warranty Protection Plan

 

What is a Home Warranty Plan?

Peace of mind for the new homeowner.  The last thing a homebuyer wants to worry about after closing is what could possibly break or malfunction in their new home. Since that can cover a multitude of items and systems, for peace of mind, it's a good idea to get a home protection plan.

 

How Do They Work?

Although specific plans provide for specific types of coverage, most operate the same way.  If a home system or appliance breaks or stops working, the homeowner calls the home warranty company.

The home warranty company calls a provider with which it has a business arrangement. The specific provider calls the homeowner to make an appointment. The provider fixes the problem. If an appliance is malfunctioning and cannot be repaired, depending on contract coverage, the home warranty company will pay to replace and install the appliance. The homeowner pays a small trade service fee.

 

Types of Coverage

Because all plans differ, you will want to ask specifically what is covered. Ask your real estate agent if upgrades are available. Pay close attention to whether the home warranty company will pay for repairs to make certain types of systems or appliances compliant with new regulations.

 

Who Pays for the Home Warranty?

Either the seller or the buyer can buy plans.  Now, whether the seller pays for the home protection plan and home warranty coverage or whether the buyer pays for it, will depend on your local customs. It varies. This is a negotiable item when making your offer.

 

How much does a Home Warranty Cost?

They are fairly inexpensive, typically ranging from $350 to $600, depending on coverage. The policies are prepaid for a year in advance, at which time they expire or can be renewed.

 

What is Covered Under Home Protection Plans?

General Coverage

 

Air conditioning

Dishwashers

Doorbells

Furnace / heating

Water heater

Ductwork

Garbage disposal

Inside plumbing stoppages

Ceiling fans

Electrical systems

Range and oven

Telephone wiring

Because coverage’s vary from state to state and from policy to policy, ask to see a sample copy of a policy before you commit.

 

What is Not Covered?

 

Outdoor items such as sprinklers

Faucet repairs are not covered under all plans

Not all plans pay for refrigerators, washers & dryers or garage door openers

Spa or pools, unless specific coverage requested

Permit fees

Haul away

 

What Can Cause Denial of Payment?

 

Improper maintenance

Code violations

Unusual wear and tear

Improper installation

 

 

Small List of Company and Plans available.

         You can go online and search for more companies.

 

  1. Old Republic Home Protection Plan

Web: http://www.orhp.com/

FOR INFORMATION CALL: (800) 445-6999

FAX: (800) 866-2488

Mailing Address:

Old Republic Home Protection


P.O. Box 5017


San Ramon, CA 94583-0917

       

  1. AHS-American Home Shield

Web: http://www.ahswarranty.com/

FOR INFORMATION CALL: 1-800-827-4636

Mailing Address:

American Home Shield


P.O. Box 849

Carroll, IA 51401-9901

 

  1. 2-10 Home Buyers Warranty

Web: http://www.2-10.com/

FOR INFORMATION CALL: 800-775-4736

 

  1. HWA-Home Warranty of America

Web: http://www.hwahomewarranty.com/

FOR INFORMATION CALL: 1-888-492-7359

FAX: 1-888-492-7360

Mailing Address:

Home Warranty of America

P.O. Box 850

Lincolnshire, Illinois 60069-0850

 

  1. HMS Home Warranty

Web: http://www.hmsnational.com/home.lasso

FOR INFORMATION CALL: 1-800-432-1033

 

  1. BFS HOME WARRANTY

Web: http://www.bfshomewarranty.com/

FOR INFORMATION CALL: 1-800-237-9910

TO ORDER CALL: 1-888-237-6060

FAX: 1-888-237-3600

Mailing Address:

3500 North 28th Terraces

Hollywood, Florida 33020

 

 

 

Please note that the Sellstate Hill Country Realty or the Five Star Team does not endorse any specific warranty company nor guarantee their product(s).