Like all warranties, a residential warranty is supposed to protect against pricey, unforeseen repair bills and provide comfort that your home is protected. For a homeowner who doesn’t have a tragedy fund or who wants to keep their emergency fund, a home warranty can act as a safeguard. Home warranties are perfect for people who aren’t handy or who don’t want to worry about tracking down a contractor when they have a appliance or major system breakdown.
A great selling point when selling a home or buying a home is if the home has a home warranty. The question about home warranties often comes up during the sale and purchase of a home. A residential warranty can provide encouragement to a home buyer who has inadequate information about how well the home’s components have been taken care of. A warranty can also be helpful for someone who has just exhausted their savings to buy a home and wants to avoid any additional expenses.
For home sellers, supplying the buyer a paid-up, one-year home warranty with the home purchase may provide peace of mind and protection against buyer complaints about any home breakdowns that happen after the sale closes. However, when the seller provides a home warranty it still does not exempt the seller from her legal obligation to make known any known problems with the house.
*Only applies to Platinum and Platinum Premier plans.
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Home Warranty coverage, in all states EXCEPT CA, VA, FL, IA, WA and TX, is provided and administered by AIG WarrantyGuard, Inc., 500 West Madison, Suite 3000, Chicago, IL 60606-6613. Exclusions and limitations apply. See Terms and Conditions for details on coverage and exclusions. OR License #208059. For water line, sewer line or well pump coverage please see these Terms & Conditions.
For CA Residents: coverage is provided and administered by AMT Home Protection Company, 2200 Highway 121, Suite 100, Bedford, TX 76021 (CA Company ID No. 5875-0). For FL, IA, TX, VA and WA Residents: coverage is provided and administered by TMI Solutions, LLC, 360 Market Place, Roswell, GA 30075 (FL Company ID No. 07807, Lic. No. 16-270501457; IA Company ID No. 130327; TX Lic. No. 171; VA Company ID No. SC018; WA Cert. of Reg. No. 500670). See the TMI/AMT Program Terms & Conditions for additional information.
Ultimate Electronics Protection Plan is provided and administered by Asurion Service Plans, Inc., whose address is P.O. Box 061078, Chicago, IL 60606-1078, telephone 1-866-856-3882, in all states and the District of Columbia except Florida. In Florida, the company obligated under this Plan is Asurion Service Plans of Florida, Inc., P.O. Box 061078, Chicago, IL 60606-1078, telephone 1-866-856-3882. Exclusions and limitations apply. See Ultimate Electronics Protection Plan Terms and Conditions for details on coverage and exclusions.
