![]() Most often, homeowners run into this problem when purchasing a home. This is sometimes referred to as a known condition. Most home warranty contracts will state that repairs and replacements will not be covered if the problem was known prior to the date of coverage. Generally, home warranties exclude coverage on systems and appliances that have been misused, intentionally damaged, or not maintained. Some home warranty companies have an overall limit set, where anything in the contract is covered up to a certain amount of money. Many home warranty companies have limitations within their contracts. ![]() Home warranties exist to repair or replace old worn-out systems that have been properly cared for by the homeowner. Some charge additional coverage for appliances, such as clothes washers and clothes dryers. Most companies cover plumbing, electrical, heating systems, as well as refrigerators, dishwashers, and Microwave ovens. Coverage varies significantly across home warranty companies. In many cases, at least in the United States, a home warranty is not a warranty at all, but rather a home service contract that covers the repair and/or replacement costs of home appliances, major systems such as heating and cooling, and possibly other components of a home, structural or otherwise. However, the words "home warranty" are not always used explicitly to mean a legal warranty is being conveyed. Home appliance service maintenance agreementĪ home warranty is a contract that agrees to provide a homeowner with discounted repair and replacement services.
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