A home warranty is a service agreement covering repair or replacement of major systems and appliances. It protects buyers from costs of unexpected repairs after closing. Warranties usually last one year, have coverage tiers, and cost several hundred to over a thousand dollars, depending on the provider. A service fee for repairs typically ranges from seventy-five to one hundred fifty dollars. While primarily protecting the buyer, a warranty can also provide some benefits to sellers during the home-selling process.
A home warranty is a service agreement that covers the repair or replacement of major systems and appliances in a home, primarily protecting the buyer.
Most home seller warranties last for a year and offer different tiers of coverage, costing a few hundred to just over a thousand dollars depending on provider and coverage level.
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