Home Warranty Service Provider | Landmark Home Warranty (2024)

FAQs

What are limitations to a home warranty? ›

Of course, these coverage limits vary dramatically by company. For example, one home warranty plan might cap coverage at $500 per appliance, while another might cover up to $5,000 per item. Sometimes contracts have separate caps for each item, such as $500 for the washing machine and $1,000 for plumbing.

A complete home warranty can typically cover the servicing, repair, or replacement of essential appliances and systems in your home that aren't directly related to the home's structure. Covered appliances may include your dishwasher, refrigerator, oven, stove, washing machine, and dryer.

The big question is: Will a Home Warranty Cover Pre-Existing Conditions. The short answer is: No. If an appliance or a system in your home has a pre-existing condition, the company doesn't have to pay for repairs or replace the appliance.

Like all warranties, a home warranty is supposed to protect against expensive, unforeseen repair bills and provide peace of mind. For a homeowner who doesn't have an emergency fund or wants to reserve it for other things, a home warranty can act as a buffer.

Normal wear and tear: Normal wear and tear is not covered under warranty. This includes any damage that occurs due to regular use of the product. For example, if you purchase a car and the brakes wear out after a few years of use, this would not be covered under warranty.

Home warranty policies don't typically cover structural components, such as windows and doors. Warranties usually only offer coverage options for repair, replacement and service of appliances and home systems.

If plumbing is covered as a whole-house system under your home warranty, it likely applies to the cost of repairs for indoor pipes and plumbing, including leaks or breaks, fixing or replacing faucets and valves, build-in motors, pumps, basket strainers, bathtub cleanouts, showers, toilet blockages, stoppages and more.

Undetectable Issues: A home warranty may provide coverage if a pre-existing condition could not have been detected through a visual inspection or routine maintenance. For example, if a hidden plumbing leak becomes apparent after the warranty coverage begins, your home warranty may cover the repair costs.

Does warranty cover everything? ›

All new vehicles come with a number of car warranties that cover certain vehicle components for at least 3 years/36,000 miles. A bumper-to-bumper car warranty covers nearly everything except wear-and-tear items, and a powertrain car warranty covers just the engine and drivetrain.

Most homeowners purchase a home warranty to protect their HVAC system from expensive repairs and replacements. In fact, customers' HVAC units make up 26% of Landmark Home Warranty's repairs and replacements. However, even the most basic home warranty plan includes coverage for a home's electrical system!

Owning a home warranty plan can be a real money-saver for homeowners. Without a reliable home warranty plan, you could spend hundreds or thousands of dollars on unexpected repairs and replacements. For instance, basic HVAC repairs cost between $100 and $1,200 on average.

Home warranties cover your home's internal components — such as systems and home appliances — in the event of damage from everyday wear and tear; home insurance covers damage to your personal property and the structural integrity of your home caused by major events including natural disasters, burglary and vandalism.

Ramsey offered a few more thoughts on why he believes a home warranty is unnecessary. "A home warranty isn't worth it for home buyers or homeowners," he wrote. "In just about every case, you'll spend more on the warranty than you would if you just paid for repairs out of pocket."

EXCEPT AS EXPRESSLY WARRANTED IN SECTION 8 ABOVE, EACH PARTY EXPRESSLY DISCLAIMS ANY FURTHER WARRANTIES, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE.

What voids a builder warranty? If you take it upon yourself to complete repairs or replace a defective item or system — by buying your own materials or hiring your own contractor, say — you won't be able to make a claim with the builder or warranty provider.

You cannot avoid implied warranties if you offer a written warranty on a consumer product. You cannot avoid responsibility for personal injury caused by a defect in your product, even if you sell "as is." Section 2-313 of the Uniform Commercial Code covers express warranties.