A warranty is a kind of insurance against defects or malfunctions that might occur in the home after the sale. As with anything else, you usually get what you pay for. Your real estate agent can advise you about the kinds of warranties available in your area, including what they cover and what they cost. You can also look for home warranty companies in the phone book, in the real estate section of your local paper, or online.

Typically, home warranties protect buyers (or home owners) for such items as:

Repair costs of built-in appliances
Roof leaks
Plumbing, electrical, and heating and cooling systems
Structural problems

Some sellers include a home warranty as part of the sale?and if not, you might be wise to ask for it. Sometimes buyers and sellers split the cost; it offers peace of mind to both parties. Be sure to educate yourself as to what a warranty in your area covers and what it costs.

Some warranties exclude appliances from coverage. Some warranties also specifically exclude swimming pools and spas, or else require an additional fee to cover them.


Click on the link below for more info on home warranties.