What is Home Warranty?

 

A home warranty is a one-year service contract that covers repairs and/or replacement of a home’s major appliances and mechanical systems. 

 

How does a Home Warranty benefit the buyer?

Peace of mind, and cash flow protection are the greatest benefits.  All you do is call our toll free number for the service you need and pay one low deductible.  For ongoing protection, our coverage is renewable year after year.

 

How does a Home Warranty benefit the seller?

Statistically, homes listed with a home warranty tend to sell faster and for closer to the asking price.  A home warranty can help relieve anxiety concerning mechanical breakdowns.  With a home warranty, you now have someone to turn to for solutions.

 

What about cost? 

The cost of the home warranty is paid for at the close of escrow.  The average cost for a basic home warranty ranges from $255 to $330, for single-family homes under 5000 square feet.  Just a service call or two and the warranty could pay for itself.  Optional coverages for systems such as washer/dryer, pool/spa, refrigerator, roof, etc. are available for a small additional premium.

 

 
Michelle Bologna
Senior Account Manager
Fidelity National Home Warranty
650-678-3103




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