Home protection plans can increase the marketability of a home by providing a “peace of mind” extra that competing homes may not have.
A home warranty provides peace of mind and valuable coverage on items not normally covered by property insurance. Unexpected expenses can be avoided with this type of coverage:
- It provides the buyer with a full year of coverage on the home’s major systems and appliances after thy move in.
- In the event that something covered breaks down, only a deductible is paid and the Warranty Company pays the remainder.
Buyer coverage on selected items:
- Central Heating System
- Electric Central air System
- Interior Plumbing
- Built-in Appliances
- Electric Pool Equipment
If the seller doesn’t offer this coverage in their marketing, a buyer can ask them to include it in the sales contract. The buyer can also purchase the coverage on their own. Most companies allow the buyer to renew the program to continue the coverage after the first period.