It is a standard practice to have a homeowner's insurance policy in place. Our homes, after all, are often our most valuable and meaningful investment. As important as these policies are, their purpose is limited to covering losses stemming from a catastrophic event. In the normal course of life, however, many things arise that, while not so severe, can be costly and untimely.

Home warranty insurance is intended to remove the anxiety that can come from the maintenance aspects of owning a home. New or old, homes and their systems are subject to unplanned and unforeseen occurrences: appliances can break down, plumbing, heating, and cooling systems can fail, and roofs can develop leaks. A home warranty policy covers the cost of these types of repairs, along with a host of other mechanical systems within the house.

Property sellers are also realizing the value of home warranty coverage. Policies are available to protect sellers from liabilities stemming from issues that might arise during the sales cycle, as well as for a period of time after the closing. This is seen as having real value by potential buyers, while simultaneously protecting the seller.

Home Warranty programs cover such things as: Attic and Exhaust Fans, Central Heating and Air Conditioning Systems, Central Vacuums, Dishwashers, Electrical Systems, Garbage Disposals, Microwaves, Oven/Range/Cooktops, Plumbing Systems, Trash Compactors, Water Heaters, and Water Softeners. For specific details about available coverages, please speak with your sales associate.

For The Seller

For the home seller, the program can protect you from unanticipated repair expenses during the period of time that your home is on the market. Recent statistics underscore the additional value of a home warranty for someone selling property:

• Eight out of ten buyers prefer to buy a home with a warranty.¹

• Homes with a warranty sell up to 50% faster than those without.²

• Homes with a warranty capture a sales price that averages 3% higher.³

For The Buyer

For the home buyer, the benefits of a home warranty can be quite significant, providing welcome peace of mind for your new investment. Your home is covered for a full year, beginning at the time of closing.  The program covers a host of systems not generally safeguarded by a homeowner's insurance policy, and is renewable for continuing coverage through the years.

¹ Gallup Poll
² National Home Warranty Association
³ Business Week Magazine