As a homeowner, one of the most important investments you can make is the procurement of a home warranty.
Without a mortgage insurance approved warranty, you may not even be eligible for a mortgage for your new home.
A new home warranty is a contract between the homeowner and the builder / developer, and it helps protect the homeowner from costly repair bills in the event of unexpected defects.
A new home warranty can cover a range of defects, including major structural, mechanical equipment, leaks and even minor defects. It is important to insist on a warranty that has the widest coverage available. Discuss the options with your builder or read on our web site.
New home warranties can also provide security for homeowners. Knowing that you have a warranty in place can help to alleviate some of the stress and worry associated with unexpected defects. It can also help you to budget for the unexpected knowing there is coverage available.
Another great benefit of a new home warranty is that it can help you to save money in the long term. If an unexpected major structural defect should occur, the warranty will cover the cost, up to $70,000*, which would be a welcome relief on your personal finances. This will also help to maintain the value of your home.
Overall, a home warranty is a great investment for any homeowner. It can provide a great amount of security, knowing there is coverage when you need it the most, and can even help to maintain the value of your home. It is important to purchase a warranty that has the widest coverage. Like all warranties there are limitations, so it is important that you understand its terms, conditions and limitations.
With an Atlantic Home Warranty in place, you can be confident that your home has the best warranty protection available.
Find a builder at www.ahwp.org
Note * - Major structural defects are covered as per the Warranty Agreement definition.