A one year home warranty is standard issue from a builder on new construction in Connecticut, but what if your home was built in 1980 or 1950 or 1900? Some buyers are not even aware that home warranty policies exist and are available for virtually any home, regardless of age.
What do home warrantees cover? It depends on the policy. but you can usually expect the warrantee to cover repair or replacement to appliances and the heating system, plus minor electrical repairs- all with deductibles. There are usually add-ons for swimming pools, well pumps, and septic system cleaning.
Can the seller pay for the warrantee? Some sellers offer a home warrantee with their property, otherwise you can purchase one, or your agent may negotiate one paid for the seller on your behalf.
How do you contact a reputable company ? The companies that I have worked with in the past are American Home Shield and Choice Home Warranty. There are others, and its best to check out their rating through the Better Business Bureau, reand get referrals through other clients, if available. Prices on coverage and exclusions to the warranty are important to know before you decide on a company. You can expect a policy pricing to start at around $350 depending on your home's size, age, condition and coverage. The peace of mind may very well be worth it, and it's worth looking into, if for that reason alone.