What is a Home Warranty: It is like an insurance policy that covers some home repairs. You pay a yearly fee, around $350 - $500, and if you have a problem, such as a broken air conditioner, they will come out and fix it for just the charge of a service fee (usually around $35 - $65). If the unit cannot be repaired, it will be replaced.
Not all home warranty policies are the same. The "basic" plan of most policies do NOT cover the refrigerator, washer, dryer and some other appliances. They will not repair anything that was broken before the purchase of the policy. If your home inspection states that the a/c was broken, then the home warranty will NOT fix it. They do look at your home inspection when you purchase the plan during the home buying process.
Here is a very generic list of what MAY be covered when you get a home warranty with the purchase of your home:
NOT COVERED: refrigerator, washer, dryer - this can usually be purchased for an higher price upgrade. Might not be worth it if the appliances are new.
COVERED (generally):
Air Conditioning System
A/C Pre-Season Tune-up ($59 service fee)
Heating System
Heating System Tune-up ($59 service fee)
Evaporative Cooler
Ductwork
Plumbing System
Water Heater
Electrical System
Dishwasher
Range/Oven/Cooktop
Built-In Microwave
Garbage Disposal
Trash Compactor
Ceiling & Exhaust Fans
Central Vacuum
Pest Control Service
Sprinkler System and Timer
Re-Key Service
Termite Control Coverage
Garage Door Opener
Preferred Upgrade Coverage
Refrigerator & Ice Maker
Washer/Dryer
Service Call Fee
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