Will a Home Warranty Cover Defects in My Home?
Will a Home Warranty Cover Defects in My Home?
For properties that are not newly constructed, there are many different warranty plans that can be purchased as a part of the settlement process. Many times, a seller will purchase a home warranty plan for the buyer as an added incentive that is offered or written into the terms of the contract. Buyers should keep in mind that these warranty plans tend to be very basic and only include mechanical system defects such as heating and cooling and don’t provide coverage for many defects discovered within the property. The buyer is responsible for asking the Realtor about any terms and/or limitations of the offered home warranty coverage and are usually detailed in the Warranty Company Flyer or Brochure.
Buyers- Protect Your New Home With Comprehensive Protection Exclusively from Long & Foster
So you’ve found your dream home and the search is over. Finally! The last thing you need once you’ve settled into your new home are appliance breakdowns or costly repairs. Don’t worry, the Long & Foster’s Home Warranty Plan offers comprehensive coverage for mechanical failures for appliances, A/C, and other major systems.
Here are just a few of the benefits to gain from Long & Foster’s Home Warranty coverage:
- Expense reduction of replacements or repairs in case a major home appliance or system breaks down from usual day-to-day wear and tear.
- Locked-in first year introductory pricing rate for additional years with a multi-year pricing option.
- Available for lots of different kinds of properties such as foreclosures, as-is, and short sales. Contact a Long & Foster Insurance agent for terms, conditions & limitations.
Sellers-Boost Your Home’s Value by Adding Incentives and Peace of Mind
Sellers also have a lot to gain by opting to purchase even the most basic coverage and here are some of the reasons why:
1) The annual National Association of Realtors Profile of Home Buyers and Sellers shows that an included home warranty is consistently rated as the #1 top incentive for potential home buyers.
2) No cost upfront. Payment for the warranty is due at closing once the home is sold.
3) Protection for yourself should any unexpected expenses from mechanical failures during the time your home is on the market.
For more information contact my Long & Foster insurance agent, Carolina Leal-Yanovich.
Carolina Leal Yanovich
Insurance Manager
Long & Foster Insurance
Click here MD Lic. 2110847
Direct: (410) 919-4474
Fax: 703-877-7698
Toll Free: 866-275-4534
carolina.leal@LNF.com
www.longandfosterinsurance.com
Click here to verify my license.
For general information, visit: https://www.longandfosterwarranty.com/
Keep reading to learn more and familiarize yourself with the basics as I cover some of the most important aspects of the real estate process. Feel free to call or message me with any and all of your real estate questions! I am always here to help.
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