The Home Warranty Industry Is One of the Biggest Scams Most New Homeowners Fall For
Buying a home is already expensive, stressful, and full of surprises. Many new homeowners are told that a home warranty will protect them from costly repairs. These companies promise peace of mind if appliances or systems break down. While some homeowners do receive help, many others discover that home warranties are full of loopholes, delays, and denied claims. A home warranty is not the same as homeowners insurance. Insurance usually covers damage from events like fires, storms, or theft. A home warranty is supposed to cover normal wear and tear on things like air conditioners, water heaters, plumbing, and kitchen appliances. The problem is that many homeowners learn too late that getting repairs approved can be difficult.