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Cinch Home Services stands out among the best home warranty companies as theres no waiting period before new clients can make a claim, no coverage rejection for questionable maintenance or pre-existing issues, and extensive add-ons that include high-cost items such as swimming pools, septic systems, and well pumps.
Waiting Period The purpose of these delays in coverage is to protect providers from unscrupulous new customers who would wait until they experience an issue with an appliance or home system before purchasing a policy and then file a claim.
A home warranty typically lasts one year. As a buyer, you might want a two-year option, but be sure to ask about pricing. Better negotiate with the home seller for 24 months of coverage if you can. What does a home warranty cover?
Each home warranty company will have its specific waiting period. Regardless of whether you have a new home or an older home, pre-existing conditions will not be covered in the plan. Usually, the waiting period ranges anywhere from 1 to 30 days.
Builders warranties dont last long typically one year or two, although some warranties come with 10-year coverage. After the builder warranty expires, your only form of coverage is your homeowners insurance policy. If you purchased a home warranty, it might offer some protection, as well.