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Home builders provide warranties that are normally good for a year after purchase of newly constructed homes. Builders' warranties cover problems such as cracks in a home's foundation, bad wiring and plumbing and other defects.
For the seller, a home warranty is used as a sales feature that will help secure a higher price for the home. For the buyer, a home warranty is used as a safety net for older homes so that any major repairs are covered. For the most part, you can expect some standard coverage from your home warranty.
Identification. The 2-10 Home Buyers Warranty is a name brand of home warranty. It is available for both new homes and for resale homes. Both warranty types cover major systems, such as heating, air, plumbing and electrical, along with major appliances that came with the purchase of the home, such as dishwashers, hot water heaters, stoves,...