New Launch - India Real Estate Report 2026.

What is a Home Warranty?

Home Warranty A home warranty is a service contract that covers the repair or replacement of major home systems and appliances that break down due to normal wear and tear during a specified period.

What Home Warranties Typically Cover

  • Electrical, plumbing, and HVAC systems
  • Kitchen appliances and water heaters
  • Structural components in some builder warranties
  • Coverage terms vary by provider and plan type

Why Home Warranties Are Valuable

  • Protect homeowners from unexpected repair expenses
  • Provide peace of mind for newly purchased properties
  • Often required or offered in new residential developments
  • Can improve property marketability during resale

A home warranty is an important protection tool for homeowners that reduces the financial risk of unexpected system or appliance failures. It is especially valuable for buyers of new or resale properties in the residential real estate market.

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