What is a home warranty policy?
by 
The Curious Bag
ANSWERS: 1
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If you are a new homeowner with no experience in sustaining a home, it is a good idea to purchase a home warranty policy. This plan protects homeowners from the cost of high repair bills for up to a year, if the heating, air conditioning, plumbing or appliances break down.
Who buys the home warranty plan?
Either the buyer or the seller can purchase the plan. In many situations the seller buys it so that they will not be held responsible if something breaks after closing.
Cost
Home warranty packages range from $250 to $400.
How does it work?
When something breaks, the homeowner calls the home warranty company. The home warranty provider then contacts local service companies to perform inspections and repairs.
Considerations
Because all plans are different, it is important to pay close attention to what is covered under your policy.
Warning
Most home warranty packages do not cover pre-existing problems. You will have to request this additional feature if you want to be fully protected.
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