Home owners

As a realtor I always negotiate that the seller of a property give or buy a home warranty to the new buyer. It is a small incentive to motivate the buyer as you are serious that this home is in warrantable condition. Basically you are insuring major components and appliance of the house. The yearly premuim is far less than you would pay for a service call and repair usually. The way that it works is if you have a problem or need repair with one of the covered appliances or systems (they have different coverage plans), you can to schedule an appointment with companies that they have contract with. If the appliance or system can be repaired it is, if not its replaced. Definitely works for the buyer or the homeowner that doesn't have a lot of reserves or history of having liquid assets for emergency repairs. Its much easier if you can get the appliance or system repaired with without having to go into cardiac debt for an appliance. I say its well worth the money, and if you are in an older house that should be a definite. After everything,breaks down eventually.