A warranty can also be helpful for someone who has just depleted their savings to buy a home and wants to avoid any additional major expenses. For home sellers, offering the buyer a paid up, one year home warranty with the home purchase may provide a measure of protection against buyer complaints about any home defects that arise after the sale closes. However, providing a home warranty does not exempt the seller from her legal requirement to disclose any known problems with the home. To learn more about protecting yourself, read Consumer Protection Laws You Need To Know. Home warranties aren't expensive compared to the cost of repairing or replacing most of a home's important components, and this fact is one of a warranty's major selling points. However, there may be many years when nothing at all breaks down or wears out in the home. Your failure to contact Select prior to obtaining service may render your claim invalid.

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If you recognize that you are paying for something that may never be needed going in, then when you have a loss, you recognize the benefit.