buying your home
Home Warranty Plan Pros and Cons
To help motivate buyers, sellers sometimes provide a home warranty plan. This type of policy can save you money on common repairs or service calls once you own the home. The plan may also provide enhanced coverage on expensive items like spas and pools. Which of these is also true?
The plan will allow you to use whomever you choose to make repairs.
The plan will cover appliances and systems in every situation.
The plan will save you hundreds of dollars, no matter what condition your home is in.
None of these statements is true. A home warranty plan may limit whom you can use to make repairs, and may only cover appliances and systems in specific circumstances. Read the plan carefully to know exactly what's covered.