For the balance of the warranty which is years 2 - 7 or 10, the warranty coverage protects
the homeowner against major structural defects.
Not exact matches
Home equity loans are a good example of this type of credit: As a
homeowner, you can put your house up as collateral in exchange for borrowing
against some of the value it has accrued over time to cover things like medical bills,
major repairs or other unexpected expenses.
Home warranties can help
homeowners guard
against large unexpected bills when things such as
major appliances and plumbing fail.
Homeowners can also refinance when they want to change mortgage providers or take cash
against their built - up equity for
major purchases.
Homeowners insurance is an insurance policy
against your home which protects
against minor,
major, and catastrophic loss.
A basic
homeowners insurance policy is designed to protect a house
against a total loss that occurs from a natural disaster, such as a
major storm or fire.
Just as RE-Insider predicted when the HUD settlement came out earlier this month, angry
homeowners have filed a federal consumer fraud class action lawsuit
against Fidelity National Title Insurance and other
major title insurers alleging the companies kicked back fees to real estate agents for real estate settlement services.
A home warranty, or home protection plan, is a service contract, normally for one year, which protects
homeowners against the cost of unexpected repairs or replacement of their
major systems and appliances that break down due to normal wear and tear.
That's the job of the Home Warranty - usually a one - year limited home service agreement that helps protect
homeowners against the costs of repair or replacement of covered appliances and
major systems that break down due to normal wear and tear (i.e. - they break down all by themselves and not because of a hazardous event).