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Extended Warranties Gain Momentum as Home Prices Increase

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Home warranties should not be confused with homeowner’s insurance, which covers the home and its contents in case of a fire or natural disaster such as hurricanes and lightning and provides liability coverage in case someone is injured on the property. Homeowner’s insurance does not typically cover damage to major systems and appliances due to wear and tear or defective components.

“Offering a home that is under warranty sends a message to prospective buyers,” Meenan says. “It says that you care about the product you are selling and that the buyer can have confidence in what they are buying.”

For more information, visit www.go-scic.com.

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