What Is a Home Warranty Plan?

A home warranty plan is a type of warranty that covers certain things that could go wrong within a home. Here are the basics of the home warranty plan.

Home Warranty Plan

A home warranty plan is provided by one of the many home warranty companies available. Many times, sellers will purchase these plans in order to entice buyers to purchase their houses. A home warranty plan will cover against problems with structural elements of the house as well as with appliances. For example, a home warranty plan will typically cover the electrical system, the heating and cooling systems, plumbing system, and many other things within the house.

Repairs

If something goes wrong during the warranty period, you will contact the home warranty company to let them know about the problem. You will then have to pay a small deductible to the home warranty company. They are then going to coordinate the repairs for you. They have a network of contractors that they use in order to facilitate repairs. They will send one of these contractors over to your house to repair the problem for you. This type of plan can eliminate a lot of the worries that come with buying a new house.

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