The importance of a home warranty

Q: What does a home warranty do and what are its benefits?

A: A home warranty removes a lot of the what-ifs that invariably come with the home-buying and selling processes.

A home warranty provides coverage for many mechanical systems and appliances in a home that fail because of normal wear and tear. This is different from home insurance, which provides coverage in the case of a catastrophic loss like a fire or major storm damage.

A home warranty is beneficial to both the seller and the buyer. For a seller, it allows them to focus on actually selling the home instead of dealing with repairs. It’s also a valuable marketing tool that can set the home apart in a competitive market. After the sale of the home, the warranty transfers to the buyer for a full year.

For the buyer, it provides peace of mind that should something break down — like an air conditioner, refrigerator, hot water heater or plumbing system — it will be quickly repaired or replaced without causing a major disruption in their day-to-day routine.

Prudential Select Properties is affiliated with HSA Warranty and their process is simple. Should an appliance or mechanical system that is covered in a warranty break down, you make a quick call to the home warranty company and they take care of the rest. They already have qualified, pre-screened contractors to send to your home, so you don’t have to fret about finding a reliable repairman. They also have proprietary relationships with suppliers for actual equipment in case something needs to be replaced.

Pricing for home warranties vary from region to region, but it typically runs about $40 to $50 per month for a comprehensive plan. There is also a trade call fee every time you initiate the service.

For more information on HSA, visit http://www.onlinehsa.com.

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