Home Warranty 101

What is a Home Warranty?

A home warranty is a one year residential service contract that provides repair or replacement coverage for the major operating systems and appliances in a home that fail due to normal wear and tear.

Home Buyers’ Benefits

Move in with assurance knowing your home is covered.

  • You are covered for unexpected home repair or replacement costs on many of your home’s major systems and appliances.
  • Coverage is regardless of the appliances’ age, make or model.
  • If it can’t be fixed, we will replace it.*
  • It only takes a phone call and a small service fee to fix the problem.
  • Service is available 24 hours a day, 365 days a year.
  • You’ll have budget protection knowing you only have to pay a nominal service fee per trade call.

When buying a home as your agent, I ask the seller to give a home warranty. If they are not willing to purchase one for you, I will.

Home warranties are so common that it is one of the blanks to be filled in on the Salt Lake Board Of Realtors Purchase Contract (REPC), section 10.3.

Packages start at $270 for a condo and $299 for a single family home for basic coverage.

Here’s a copy of a Home Warranty Contract.

Basic Contract Coverage
  Seller Buyer
Central Heating System
Water Heater
Interior Plumbing
Interior Electrical
Plumbing Stoppages
Kitchen Refrigerator
Garbage Disposal
Built-in Dishwasher
Built-in Microwave Oven
Oven / Range / Cooktop
Faucets
Trash Compactor
Garage Door Opener
Ductwork
 
Optional Coverage (Additional Premium Required)
  Seller Buyer
Pool/ Spa Equipment  
Air Conditioning / Evaporative Cooler  
Clothes Washer / Dryer  
Silver Upgrade (more info)  
Well Pump  
Central Vacuum System  
Built-in Whirlpool Bathtub Equipment  
Septic Tank Pumping  

 

 

* Subject to terms of contract

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