between $400 and $700, depending on the coverage. The payment must be made one year in advance and coverage is for 1 year and usually carries the option to renew each year. The warranties typically cover all the appliances and mechanicals (furnace, AC, water heater, sump pump, etc.) Additional riders can be purchased to cover additional items such as pool heaters and more. One important thing to keep in mind is that if you are getting a home warranty and there are issues noted in your home inspection report that do not get fixed prior to you purchasing the warranty, the warranty company will probably not cover those repairs as you were aware of the issues before closing. In case you need to use such a warranty, the procedure is simple. When there’s a problem, the owner calls the warranty company, which then announces the service provider who will be fixing it. The provider will call the owner to schedule an appointment and fix the problem. The insurance company will pay the service bill. One nice feature of most home warranties is that if the service provider cannot fix the problem, you get a new replacement of similar style and features. Be careful when choosing a plan because there are many existing coverage differences. Pay attention when reading the fine print relating to the conditions for coverage and the reasons claims may be denied. The secret to getting a good insurance plan rests in dealing with a reputable company and knowing all the details.
GETTING AN APPRAISAL DIFFERS FR IFFERS FROM THE EVALUATION BY A PROPERTY INSPECTOR
A real estate appraiser is a state-licensed expert who determines the value of a certain property which is always required when a
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