Many home buyers choose to purchase a home warranty (or request the seller to purchase one for them) as part of the home buying process.
But if this is your first time buying a home- or if you haven’t purchased a home in a while- you may be asking….
What is a home warranty???
Home warranties are a type of insurance that cover some of the appliances in your home.
They cover all your major appliances, like your washer, dryer, fridge, AC, and water heater for one year.
If you’ve ever confused home warranties with homeowner’s insurance, allow me to clarify. Home warranties cover the appliances themselves, while homeowner’s insurance covers damage related to your house. If you had a water leak in your ice maker in your freezer, your home warranty would pay to fix the leak and your homeowner’s insurance would pay to fix any damage from the leak.
After purchasing your home, you can renew your policy each year and you can even choose to purchase a home warranty without selling or buying a house. If you have a major appliance that is coming to the end of its life cycle, it might be a good time to purchase a home warranty.
If you’re interested in purchasing one, I’d recommend silverbackhw.com!
Contact me if you have any questions!