Real Estate Terms Glossary
What is a Homeowner’s Warranty?
A homeowner’s warranty is designed to protect your home's various appliances and systems, such as HVAC and ovens, from breakdowns triggered by normal wear and tear. A homeowner’s warranty is a contract you sign that provides for replacements or repairs of home systems and appliances.
You can use a homeowner’s warranty and choose between protecting your home's systems, your home's appliances and systems, or some combination of both.
Examples of Homeowner’s Warranty
- Example 1: Homebuyers’ home warranty
Here’s Investopedia’s definition of a Homeowner’s Warranty.
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