Home Warranty Inspection

Buying a home is stressful. Especially if you are worried about one of your home’s systems or appliances breaking down unexpectedly. A home warranty is basically an insurance plan which covers expensive home repairs and replacements due to normal wear and tear. A home warranty is different from a homeowner’s insurance policy which covers the structure and personal property. The Home Warranty agreement is a different and separate contract which covers repairs or replacements on systems in your home, usually for a period of one year with an option to extend at revised rates.

Home warranties may cover many, but not all, of your home’s appliances and systems. Home Warranty contract costs and coverage can vary widely between warranty companies, so you should research and compare home warranty plans from different companies before purchasing. While Home warranties do cover many of your home’s critical systems and appliances, all of the systems and appliances must be in functional working order before the contract can be executed by the warranty company.

Typically the Home Warranty company employs a Licensed Home Inspector to go to the premises and inspect the systems and appliances to insure they are functional and in working order. The inspection is very specific in scope and at the conclusion of the inspection a formal report is submitted by the Licensed Home Inspector to the Home Warranty company.

You should review the contract and coverage to understand what is covered and what is not. Many times it is possible to customize the home warranty plan to meet your needs through extended or optional coverage to customize the plan to fit your needs. The Buyer or Seller may pay for the home warranty.

A home warranty program works best when it is understood and is designed to closely meet your needs. Such a program can help to minimize the stress of buying a home.