With many purchase transactions a home warranty is often paid by the seller on the buyer’s behalf. A home warranty typically offers 12-14 months of coverage on certain items in the house (such as appliances, HVAC, pool equipment,etc.). We, the lender, are not privy to the details of home warranties and recommend you connect with your Realtor or the title company with any questions you may have. Often times the Realtor will select the company for you based on the coverage offered and your needs. That said, you are welcome to select a home warranty company of your choice and modify the coverage type at the closing table.
Just an FYI, when you have a home warranty you need to call the Warranty Company before you do anything to remedy a problem. If you attempt to fix anything you will most likely void their warranty and you’ll have to pay for everything yourself. A trip charge typically costs $65 to $75 and it’s well worth the expense if a “big-ticket” item ends up being covered. Remember your story: it was always working, you didn’t do anything to break it, and didn’t mess with it to fix it.