How Soon Can You Use a Home Warranty After Purchase?

How soon can you use a home warranty after purchase? After the ink on your exciting new real estate transaction has dried, there is often one question that is top of mind.

How do I protect my recent investment?

That’s where home warranties come into play and can offer some real peace of mind. Keep in mind, though, every home warranty is different in what they will cover in your home and when they will cover it.

So it’s important to know what to look for in a home warranty plan, what to ask home warranty companies and timeframes to double-check in your warranty contract. Let’s take a look!

Timeframe: From Home Warranty Quote to Warranty Contract

The first step in the home warranty process? To get a quote. It’s best to review the options and policies from several different companies.

Here are three key questions to ask:

·       What the home warranty covers?

·       Are there options to add on other appliances and systems? (Like does a home warranty cover roof?)

·       When the home warranty coverage begins?

Timeframe: When to Purchase a Home Warranty 

Have you been wondering: “when can I buy a home warranty? You can buy a home warranty at any time.

Home buyers often purchase one in conjunction with a new home purchase — especially if that “new” home is actually an older home. It’s an effort to protect a major investment — something that is often a once-in-a-lifetime purchase — from the very start.

Some buyers decide to add a home warranty after something comes up on a home inspection. It might be a dated system or appliance.

For example, a home buyer might be considering a home with an older HVAC unit. We all know how important air conditioning can be in the summer months. And these systems can be a big chunk of change to fully replace.

It’s certainly not a fun surprise to have to pay out of pocket.

Most home warranties cover HVAC and will replace parts or the full unit when applicable. In this example, this type of coverage may even make the home buyer more comfortable completing the purchase of the older home.    

Timeframe: Home Warranty 30 Day Waiting Period  

Signed your home warranty contract? It’s not only important to review what does home warranty cover, but when does coverage start. Your coverage may or may not begin right away.

Some home warranty companies allow you to use the warranty immediately. Others have a 30-day waiting period.

• Why is there a waiting period?

Home warranties only cover items that need to be serviced due to normal wear and tear. The waiting period ensures that there weren't issues prior to the protection plan going into effect.

• Are waiting periods ever waived?

Yes. It usually has to do whether or not there are gaps in coverage.

If you purchase or receive a home warranty when you purchase a home, waiting periods are often waived.

There are usually no waiting periods if the policy is being renewed. If there are no gaps in coverage, you can put in service requests for repairs or replacements right away.

Get Started With a Home Warranty Quote Today 

How soon can you use a home warranty after purchase? To recap, it all depends on your home warranty plan and provider. It can also depend on when you purchase your home warranty.

Home warranties work to protect your home. Make sure your home is protected when it matters. And at the very best price.

When you compare quotes with Affordable Home Warranty, we will find and connect you with a trusted home warranty company that will give you the best protection when you need it.

Compare quotes today and get the right home warranty policy for you!