What is a home warranty?

A home warranty is a type of insurance policy offered to homeowners in the state of Washington. It provides coverage for the repair or replacement of major systems and appliances in the home that are unexpected and costly. This type of coverage is different from homeowners insurance, which usually covers damage caused by natural disasters and some types of theft. A home warranty typically covers components such as plumbing and heating systems, air conditioners, ceiling fans, and water heaters. Depending on the policy, it may also cover kitchen appliances like refrigerators and ovens, and pool and spa equipment. These warranties offer peace of mind to homeowners since breakdowns of these systems and items can be very expensive. For a fee, which can vary depending on the home warranty company, these warranties provide repair or replacement for items covered in the policy. Homeowners often pay for the service call and the warranty company covers the cost of the repair or replacement. Home warranties also provide an extra layer of protection for home buyers since it covers any unexpected repairs or replacements that may be needed after they close on the home. In Washington, the Home Protection Office regulates the home warranty industry and provides consumer protection services. Consumers should always carefully review their policy prior to signing up to make sure they understand what is covered, as well as any exclusions or limitations.

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