What Is a Home Warranty?
A home warranty is a service plan that helps you pay for repairs or replacements of your house hold appliances and systems. It's like a subscription that you renew each year. However, the coverage and terms may differ based on your chosen plan.
How Is a Home Warranty Different From Homeowner's Insurance?
Unlike homeowner's insurance, which protects you against damage to your property and the house's structure, a home warranty focuses on your appliances and systems. It can be an excellent investment to protect your home, but it doesn't replace homeowner's insurance. If you recently bought a new home, you may already have manufacturer warranties that cover some of your home's systems.
Who Is a Home Warranty For?
A home warranty is for anyone who owns a home and wants to protect their household appliances and systems from unexpected breakdowns and repairs. It can be particularly beneficial for homeowners who are not handy with repairs or lack time to handle maintenance issues themselves. Home warranties are also helpful for homeowners who want peace of mind knowing that their home systems are covered in case of unexpected breakdowns.
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New Jersey residents: The product being offered is a service contract and is separate and distinct from any product or service warranty which may be provided by the home builder or manufacturer.