For Buyers

It is common for buyers to request that the sellers provide a home warranty. Standard Home Warranty packages includes protection against breakdowns in numerous systems of the home, including the following:

Plumbing System, Plumbing Stoppages, Water Heater, Heating System/Heat Pump, Ductwork, Electrical System, Garage Door Opener, Central Vacuum System, Ceiling Fans, Doorbells, Pest Control, Dishwasher, Garbage Disposal, Built-In Microwave Oven, Range/Oven/Cooktop, Trash Compactor

A trade service call fee per repair visit (usually about $55) or the actual cost of service, whichever is less, is typically charged. A disposal fee for replacement of large items may also be charged. The basic home warranty coverage costs approx. $255 – $260. A policy for a condominium costs slightly less. For an additional fee, ranging from $25 to $150 for each item, the following systems may be covered by the buyer:

Upgrade to basic coverage (which includes certain items excluded under the basic coverage, such as sediment in water heater; heating system registers, grills and filters; hinges springs and remote transmitter for garage door; racks, baskets and rollers for the dishwasher; smoke detectors; filters for air conditioning.

Two of the larger companies providing home warranty services are First American Home Buyers Protection and American Home Shield.