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  • Digg it UP - Home Buying Q&A: Do I Need a Home Warranty?

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    ty is usually purchased during the closing process (also known as "settlement").

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    What is a Home Warranty?
    A home warranty is a policy that covers repair and replacement costs for failed appliances and systems within a home.

    Who Purchases the Warranty?
    This usually depends on the purchase agreement made between the home buyer and seller. Either party can purchase the warranty. The two parties can even share the cost. Regardless of who pays for it, the warranty is usually purchased during the closing process (also known as "settlement").

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    sts for failed appliances and systems within a home.

    Who Purchases the Warranty?
    This usually depends on the purchase agreement made between the home buyer and seller. Either party can purchase the warranty. The two parties can even share the cost. Regardless of who pays for it, the warranty is usually purchased during the closing process (also known as "settlement").

    How Much Does

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    How Much Does

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    rchase the warranty. The two parties can even share the cost. Regardless of who pays for it, the warranty is usually purchased during the closing process (also known as "settlement").

    How Much Does

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    ty is usually purchased during the closing process (also known as "settlement").

    How Much Does it Cost?
    Cost will vary based on coverage and other factors. Most home warranties are in the $400 to $600 range. When the initial policy expires, there's usually a renewal fee as well.

    What Will the Warranty Cover?
    Home warranties vary quite a bit. So it's important to ask a lot of questions and read all the fine print before purchasing one. With that said, here are some of the co

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