These 3rd party warranties base plans usually start around $500, last 1 year, and are very limited in coverage. The idea of these products is to reduce buyer exposure to expensive repairs after move-in that are not covered under homeowners insurance.
Tip 1: Although it's debatable and circumstantial whether these products are worth the money, it's certainly worth getting a home warranty in the offer if the seller is willing to pay.
Tip 2: If your home has a particularly concerning feature like 12-year old air conditioning system, do a quick search of the top warranty plans that have more favorable HVAC coverage. Each company tries to differentiate coverage for their products so you might as well take advantage of the one that suits your home best.
Need more on this? Search our Help Center or email us at email@example.com.