Home Warranty

A service contract that covers a major housing system--for example, plumbing or electrical wiring--for a set period of time from the date a house is sold.

The warranty guarantees repairs to the covered system and is renewable.

A Home warranty is a service contract that covers the repair and replacement costs of home appliances.

The warranty generally covers equipment and appliances such as dishwashers, plumbing systems, electrical systems etc. that fail due to normal wear and tear.

Coverage varies significantly across warranty companies. Home warranty contracts do not cover all home repairs.

Basic coverage includes plumbing, electrical, heating systems and major appliances such as refrigerators, dishwashers, and ovens.

Many companies charge additional coverage for appliances such as clothes washers and clothes dryers, which are generally not covered.