One of the biggest investments that a person does in his lifetime is in a house. After such a significant investment he may be left with very little to spend on other things like repairs and maintenance. The main propose of getting home warranties are to have protection against unexpected failure of home appliances due to wear and tear. It may be a contract that grantees to repair your home appliances and other major systems.
Types of home warranties:
• Manufacturer’s warranty: One of the important things that a buyer will look for is whether a manufacturer is given a warranty for the product. Some suppliers offer them free of cost at the time of its sales. It facilitates the buyer with any repairs and replacement if required. These days lot products are being sold with home warranties.
• Seller’s warranty: It can also be known as a dealer’s warranty. It is provided by the seller of the product. Most of them are for six months and offer repairs or replacing the product in case of any damage.
• Extended warranty: The product owner buys this type of home warranties. It is when you renew your expired warranty given by your seller or manufacturer. It can either done by the seller or the by the buyer to get the advantage.
• Home service contracts: These act as agreements or protection home warranties. These may be offered by service companies or any third party. This can be a type of insurance to repair or replace your commodity when it breaks down. The prices for such contracts may vary as per the companies you choose.
Each home warranties plan is different from the other. You need to list your requirements above choose to get one. These are very essential as it saves your money and time. In times of emergency you just need to contact them and be relaxed.