And it protects. But how?
most cases, you can purchase outside home warranty insurance for new and pre-existing
This type of insurance is paid at closing for a length
of one year. The buyer may opt to extend the warranty past one year at the end
of the warranty.
A home warranty protects both the seller
and the buyer. In fact, some brokers insist on buyers getting the warranty and
some will even purchase it for the buyer to close the deal. In other cases, the
seller will purchase it as part of the closing package to prevent trouble after
the sale. This protects them from outraged buyers who find faults with the new
home within days or weeks or months of purchase. It is the best solution to the
warranty issue. Of course, these warranties don't cover everything.
They Don't Cover
They take their cue from medical insurance...
and do not cover pre-existing conditions, such as a leaky roof or basement. They
don't include structural damage such as a cracked foundation. The focus of the
warranties are on the systems-plumbing, electrical, etc.
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