Top 5 Home Warranty Claims

Home Warranties are part of Minnesota purchase agreements… will there be one or not? and if so, who is going to pay for it, buyer or seller?

Wondering whether it makes sense to include a one-year home warranty as part of your home purchase or sale?  Think of  it as an insurance policy for the mechanicals and appliances in your home. If you have a problem with a covered item you contact the warranty company and they contact a contractor for repair/replacement. Your cost is a standard deductible service fee.

Hms warranty

According to HMS Home Warranty the top 5 unit failures in 2011 were…

  1. AC system
  2. Heating system
  3. Furnace
  4. Dishwasher
  5. Refrigerator

Cost and coverage varies by company and coverage. As an example, a basic one-year HMS Home Warranty costs $425 in the Twin Cities with a $100 deductible.

Most HMS Home Warranties cover the following appliances and systems:

  • Air Conditioning
  • Heating System
  • Electrical System
  • Plumbing System
  • Refrigerator
  • Oven/Range
  • Built-in Dishwasher
  • Built-in Microwave
  • Garbage Disposal
  • Built-in Trash Compactor
  • Clothes Washer
  • Clothes Dryer
  • Water Heater
  • Ceiling Fans

Pre-existing conditions, lack of maintenance and improperly installed items are not covered, so a thorough home inspection is essential.

Sharlene Hensrud, RE/MAX Results Realtor – EmailMinneapolis-St. Paul Realtor

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  1. Once the room air is in the ductwork, it travels down to the furnace. Inside the furnace there is a metal box that contains the heating source. With an electric furnace the box contains a heating element, while the other heating sources use a pilot light and burners. The room air enters the box and is heated. It then travels out the other side of the box and through ductwork, back into the room.

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