ICE: Myths & Realities of Home Warranties

Description

In the legal sense a warranty of any kind within the United States must adhere to guidelines set at the state and federal governments levels. A home warranty is a contract that agrees to provide discounted repair and replacement services.

The words “home warranty” are not always used explicitly to mean a legal warranty is being conveyed. In many cases, a home warranty is not a warranty at all, but rather a home service contract that covers the repair and/or replacement cost of home appliances, heating and cooling systems, and possibly other components of a home.

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Objectives: After taking this class students will be able to:

• Define what a home warranty is

• Explain what portions of a home may be covered by a home warranty

• Decide if a “full coverage” home warranty is necessary

• Avoid consumer complaints

• Will a Home Warranty make a home more affordable