Home warranties cover two different areas within your home: the workmanship and materials related to the components of the home (structural), and the systems and appliances found within the home. Structural warranties are important because they benefit everyone: from builders to homeowners to professional real estate agents. Structural warranties benefit builders because they lead new-home buyers to feel more confident.
Homeowners benefit from warranties due to decreased likelihood of financial distress from repairs. Professional real estate agents are benefited by warranties because they give homes on the market a competitive edge. Home warranties have paid out a total of $1.4 billion in warranted repairs since they were established.
Learn more about home warranties in this infographic from PWSC.