What Is a Home Warranty and What Does It Cover?

New home construction offers numerous benefits for home buyers, including the ability to customize your family’s dream home before you move into it. A move-in ready home should also offer excellent home and builders’ warranties. Home warranties are often mistaken as being the same as homeowners’ insurance, but the two are completely different. A home warranty won’t replace homeowners’ insurance. Rather, it offers additional protection for your most valuable investment.

Defining Home Warranties

Homeowners’ insurance covers major risks, such as damage caused by fires, floods, storms, and property crimes. Homeowners’ insurance does not typically cover damage caused by normal wear and tear. In contrast, a home warranty does cover major home systems and appliances that fail due to normal wear and tear. The average home warranty will cover the cost to repair or replace systems such as the following:

  • Heating
  • Cooling
  • Plumbing
  • Electrical
  • Kitchen appliances
  • Laundry appliances

Some home warranties may also offer coverage for the roof. You can purchase a home warranty for a new construction home or an older home.

Understanding Builders’ Warranties

Builders’ warranties are similar to home warranties. However, they are provided by the builder of a new construction home to the property purchaser. These warranties offer coverage for the repair or replacement of components that fail due to defects in workmanship or materials. Like a home warranty, a builders’ warranty will cover problems that occur with the following major home systems:

  • Heating
  • Cooling
  • Electrical
  • Plumbing

A builders’ warranty will also cover construction-related flaws or defects. One of the best builders’ warranties is backed by PWSC. These policies offer coverage for major structural defects for 10 years.

Miramonte Homes is proud to offer our 10-year, PWSC-administered Signature Warranty, backed by a superior-rated insurance company. Compared to most other 10-year builder warranties, our Signature Warranty offers superior tiered coverage that fills in the gap in builders’ liability coverage. Call (520) 615-8900 to request information about our beautiful, move-in ready homes in our communities in Tucson and Flagstaff.