What is a Home Warranty?

A home warranty is simple. It's a one-year service contract that covers the repair or replacement of home system components and appliances that typically break down over time.

Home warranties should be considered for single family homes, new construction homes, condos, vacation homes, townhouses, foreclosure properties and multi-unit properties such as duplex/triplex/fourplex. Other than new construction, which covers years two through five, home warranties last one year, starting at the date of closing.