Home Warranty Agreement

A Home Warranty Agreement is a service contract that covers the repair or replacement of major home systems and appliances. Key aspects include:

1. Typically one-year coverage, renewable annually

2. Protects against normal wear and tear

3. Covers items like HVAC, plumbing, electrical systems, and major appliances

4. Specifies covered items, exclusions, and claim limits

5. Outlines service fees or deductibles for each claim

6. Details the process for filing claims and receiving service

This agreement provides homeowners with peace of mind and potential cost savings on unexpected repairs. It’s especially valuable for older homes or those with aging systems. However, it’s important to carefully review the terms, as coverage can vary significantly between providers. Consider factors like coverage limits, exclusions, and the company’s reputation when choosing a home warranty. While not a substitute for homeowners insurance, a home warranty can complement it by covering items not typically included in insurance policies.