A home warranty is a form of short term insurance to cover major appliances and systems while the home is for sale.

• Builders always offer home warranties with new homes.
• We recommend a warranty for older homes as an inexpensive way to make prospective buyers feel comfortable with the age of appliances, plumbing, etc.

If you buy a Seller's warranty: Advertise the fact !

Seller's Warranty:   Paid for by the Seller.
Cost: $300 - $400: Insurance to cover following items while home is for sale.

Major appliances The plumbing system Electrical system Heating and air conditioning Will repair or replace the above (with a deductible of $50-$60).

Home Warranty of America offers a Seller's warranty at zero cost to the Seller during the listing period. Payment is due at closing when the policy converts to a one year Buyer's warranty.  In most cases the Seller includes the cost of the warranty in the asking price for the house. 

Buyer's Warranty:   Paid for by the Buyer.

Cost: $300 - $400: Covers same items as a Seller's Warranty, but starts on day of closing and lasts for a full year.Can be renewed each year.

Companies providing Home Warranty services  (This is not an endorsement)

• Home Warranty of America
• 2-10 Warranty
• American Millennium in New Jersey (877-973-4948) carries a policy to cover hidden structural and termite damage.
• Home Warranty Plans Inc (quoting $350 for a Sellers warranty)
• Mutual Warranty Company: USA/Canada: Telephone: 1-403-261-1035 ext 175; Email: d.johnston@mutualwarranty.com