Why It Pays to Take a Closer Look at Your Home Warranty

A home warranty is an absolute necessity if you want to protect your family’s best interests. However, simply having one isn’t enough on its own — you should understand the warranty your builder or remodeler is offering.

If you fail to take a closer look at the details of your warranty and what it means, you might be missing facts that can save you time, money and a lot of stress. Take some time to examine your home warranty, and gain the all-important perspective of knowing exactly what you’re responsible for and in what ways other entities are responsible to you.

Your Warranty Is Limited

It’s true that a home warranty is universally regarded as something that is extremely positive to have in your possession. On the other hand, some people fail to realize exactly what their warranty covers and what it doesn’t. For instance, a typical limited warranty might include items such as floor squeaks, nail pops, HVAC ductwork and wiring systems — but only in cases where a defect is found or something has been improperly installed. As another example, a limited warranty might not cover issues such as condensation on interior window surfaces or chips on countertops and cabinets.

You should know exactly what you’re covered for, but also the length of your coverage based on the specific terms of the warranty agreement.

Warranties Clarify Misunderstandings

When something goes wrong with your home, the two most common impulses are to get it fixed and find out who is to blame. Especially when dealing with a newly built residence, the process of assigning responsibility for maintenance issues and repairs can lead to disputes and misunderstandings. Knowing the details of your builder warranty serves to eliminate certain grey areas that often exist for homeowners. It also helps you be more aware of your personal accountabilities.

New Home Warranties Have Specific Tolerances

There are things that can, and probably will, go wrong in your home. Certain problems due to one factor or another are simply impossible to avoid. At the end of the day, you should understand your coverage and to what degree the coverage extends. It helps to have a warranty that contains specific applications to warranted structural components. Rather than relying on a narrow definition, you are given clear tolerances of structural components that are covered under the particular program.

If you’re buying a new home, it pays to make sure you understand the warranty options available to you. If you aren’t convinced the warranty options suit your needs, ask your builder, realtor or lender about American eWarranty warranties. We offer competitive rates, maximum protection and provide the peace of mind that helps you fully appreciate the pleasures of owning a home.