A home warranty is an optional service plan that covers home systems and appliances for a specified amount of time, usually one year. In other words, a home warranty protects the parts of a house that make it a home, like refrigerators, washing machines, plumbing, heating, and air-conditioning.
A warranty is only as good as the company that stands behind it. Save your receipt and file it with the warranty. You may need it to document the date of your purchase or prove that you’re the original owner in the case of a nontransferable warranty.
A home warranty is a wonderful thing to have; it gives homeowners and renters the peace of mind that their home appliances can be repaired for just a fraction of the cost. But nothing is perfect, and a home warranty isn’t for everyone.
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Just bought new washer and dryer, LG front loaders on pedestals, trying to figure out if with all the electronics and the size of these appliances if an extended warranty would be a good idea. Would appreciate any feed back from those that might have some knowledge about extended warranties and if they are a good thing or not. Thanks.
There are six main reasons why it doesn’t make sense to purchase an extended warranty for your items.
Roger Triminio, owner of Mr. Rogers Appliance Repair in Tampa, Florida, says he thinks extended warranties are a good idea for most large appliances sold today. "If you’re spending $800, $1,500 or $3,000 for an appliance, then it’s definitely worth getting one," Triminio says.
What are your thoughts? A. I think offering to buy a one-year home-warranty policy for a prospective buyer is a good idea, especially because home sales in most neighborhoods are still slow. A typical.
Many homeowners rely on home warranties to help cover the cost of repairs. Weston says home warranties can be a good idea for first-time.
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Home warranties are especially common in real estate transactions. A home warranty can help sell a house faster and for a higher price because it provides the buyer with protection against the unknown. Combined with a solid home inspector, a home warranty can give a homebuyer the level of comfort needed to seal the deal.