When it comes to your home, it seems like there’s always something that needs repair or replacement. In fact, for seven out of every 10 homes, a home system or major appliance will fail during the course of one year. But smart homeowners know to protect their most important investment – and be prepared for the unexpected – with a home warranty.
A new warranty is now available when you buy or sell a home through Allen Tate Company. The 2-10 Home Buyers Warranty® (HBW) offers the industry’s most comprehensive coverage and value, as well as optional coverages for both buyers and sellers.
A home warranty may be purchased by the seller, on behalf of the buyer, which allows the warranty to cover the home during the listing period* (up to 365 days). The warranty is then transferred to the buyer at closing and continues for one year. A buyer may purchase a home warranty if one is not offered by the seller. Established homeowners also may purchase a home warranty, but are subject to a 30-day waiting period before it becomes effective.
In 2012, Allen Tate paid more than 4,700 warranty claims totaling more than $827,000. A 2-10 HBW covers heating systems, air conditioning and heat pumps (seller coverage optional), plumbing, electrical systems, garage door openers, major kitchen appliances, roof leaks and washer and dryer (buyer coverage only). Limitations and service fee may apply, and all work must be pre-authorized.
The cost of a 2-10 HBW for a single-family home is $369 with a $100 service fee, or $409 with a $75 service fee. Coverage is also available for condos/townhomes and multifamily dwellings. Optional buyer and seller coverages are available at an additional cost.
For more information or to purchase a 2-10 Home Buyers Warranty, visit http://homeservices.allentate.com/warranty or call the Warranty Department at 877-780-6601.
* Some exceptions may apply. Please refer the the 2-10 HBW Home Warranty Service Agreement for coverage details.