What is a homeowners warranty?
The homeowner’s warranty must be read thoroughly. Understanding the subtle wording and specific terminology is essential. Every home builder has a distinct homeowner’s warranty. It gives the homeowner specific criteria for the performance of the home. Sometimes the warranties have paragraphs that give only limited coverage and other times the coverage is for the life of the home itself. A homeowner’s warranty will cover a wide range of components. It will typically only cover problems that are discovered during the first or second years after a newly constructed home is purchased. In some cases, there is a longer warranty – oftentimes eight or more years – of warranty against structural construction defects. How the homeowner should make a claim is also typically printed on the homeowner’s warranty. Such information is essential for telling the homeowner what to do if a defect is discovered during the warranty period. In some cases, a claim must be submitted to a warranty operations ce
