Daily Life

Home Warranty vs Manufacturer Warranty: What’s the Best Choice for Your Needs?

Homeowners review coverage for their homes and the installations inside and outside the property. A home warranty could provide them with exceptional coverage and discounts. A review of a home warranty and manufacturer’s warranty educates homeowners about their differences and importance.

How Long Does the Home Warranty Last?

A home warranty lasts as long as the homeowner wants to use it. They pay an annual fee for the warranty and retain coverage according to the terms of the home warranty. They can add vital installations in their home and outside their home to the home warranty plan.

The amount they pay each year for the warranty depends on what they add and what plan the homeowner chooses. They can also transfer the home warranty to a new home or sell it with their current property.

What Do You Get From a Home Warranty?

A home warranty gives the homeowner discounts on repairs, routine maintenance services, and new installations. What the homeowner gets more specifically from their home warranty depends on their choices. For example, the most basic plan covers installations such as electrical and plumbing systems. The homeowner adds major appliances and any installations inside or outside their home.

Some plans may include new structures on their property such as swimming pools, garages, guest homes, or pool houses. The property owner can review their options and decide what they want to add to the warranty. 

What is a Manufacturer’s Warranty?

A manufacturer’s warranty comes with products purchased by consumers or homeowners. For example, a manufacturer’s warranty covers the roofing materials installed on the home. However, the warranty applies to the roofing materials only, and the expected lifespan of the materials dictates the duration of the warranty. Homeowners and consumers can extend the manufacturer’s warranty, but even with the extension, it won’t cover the product forever.

The manufacturer’s warranty covers the product if it is damaged during the term of the warranty. The product must be deemed faulty in most instances to get maximum coverage. For example, the roofing materials must be defective and become damaged within the first six months to get coverage.

What Can Homeowners Expect from the Manufacturer’s Warranty?

The manufacturer’s warranty covers defects for the most part. If the product is defective, the manufacturer will replace it or cover the cost of the repairs. To get coverage, the product must meet restrict guidelines first. If the manufacturer deems that the product doesn’t meet these requirements, they can withhold coverage. 

Do You Need Both?

A home warranty covers all installations and products listed on the contract. Coverage doesn’t stop unless the homeowner cancels it. The warranty will last the entire time the homeowner lives in the property if they pay their annual fees. The homeowner renews the home warranty each year. They have 13 months of coverage to give them an extra month to come up with their annual payment.

A manufacturer’s warranty comes with specific products, and the consumer doesn’t have to extend the warranty. If they don’t extend the warranty, they don’t have any further costs. 

Homeowners purchase a home warranty to decrease the cost of maintaining, replacing, and repairing certain installations. They retain the warranty by paying an annual fee for the warranty. A manufacturer’s warranty is not the same as a home warranty. The manufacturer’s warranty covers one specific product and for a predetermined amount of time.

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