An Old Republic Home Warranty Plan provides many excellent benefits for all parties in a real estate transaction!
As a Home Seller Our Home Warranty Helps You:
- Sell Faster - by providing a competitive edge over other homes on the market.
- Sell For A Higher Price - because when a buyer feels protected from unknown after-sale problems, it can discourage downward price negotiations.
- Sell With Peace of Mind - knowing that after you have moved out, covered service problems will be taken care of - offering you additional after-sale liability protection.
As a
Home Buyer Our Home Warranty Offers You:
- Peace of Mind - knowing you're protected against unexpected repair or replacement costs.
- Budget Protection - from the high cost of home repair.
- Convenience - you can call us toll-free 24 hours a day, 365 days a year to request service. A local, qualified service technician will contact you to schedule a convenient appointment.
Gallup Poll Findings
- Both sellers and buyers felt that a home warranty provided valuable protection against the high cost of repairing or replacing unforeseen breakdowns of a home's mechanical systems and built-in appliances.
- 3 out of 4 homeowners surveyed agreed that having a home warranty provides buyers and sellers with "peace of mind," knowing that their responsibility for payment of covered repairs or replacements is limited to the service fee amount.
- 92% of survey respondents that had requested a service call stated that the problem was covered by their home warranty contract.
- 9 out of 10 homeowners surveyed were satisfied with the home warranty service provided under their contract.
- 91% of all homeowners surveyed would likely recommend the purchase of a home warranty to another home buyer.
- Nearly 8 out of 10 of those surveyed said they would likely purchase a home warranty for the buyer of their home when they plan to sell it.
- About 75% of those homeowners surveyed agreed that a home warranty would give them a greater level of confidence in a previously-owned home that they might purchase.
- 7 out of 10 real estate professionals surveyed agreed that a home warranty helps avoid "after-the-sale" problems.
Frequently asked questions
Q:
What is a home warranty?
A:
The standard home warranty is a one-year service contract that protects a resale home buyer or current homeowner against the cost of unexpected repairs or replacement of major systems and appliances that break down due to normal usage. Coverage is also available to home sellers during the listing and escrow period to help them keep unforeseen breakdowns from potentially delaying the close of sale.
Q:
How does a home warranty help me?
A:
Old Republic Home Protection customers enjoy peace of mind, convenience, budget protection, and easy, dependable service. No more "searching the Yellow Pages" for a reputable repairman, no more "hassles" over the cost of repairs, no more "budget busting" repair bills.
Q:
Does Old Republic Home Protection require an inspection?
A:
No. Inspections are required by some home warranty companies, but not with Old Republic Home Protection.
Q:
What if I need service?
A:
Make one toll-free call to our Customer Service Department at 1-800-972-5985. We are available 24 hours a day, 7 days a week, 365 days a year. Or you can request service online.
Q:
Who handles the repairs?
A:
Old Republic Home Protection maintains a network of qualified independent service contractors to serve you. The independent contractors we use have been carefully screened and meet our stringent service standards. In addition, each week we send client follow-up surveys to a random group of Plan Holders after service has been rendered. The feedback we receive helps us know that our contractors are providing superior service.
Q:
Do home warranty plans cover appliance or system replacement?
A:
Yes. You may already have warranties on individual items in your home, check these warranties carefully, since they may only cover parts and/or labor. With Old Republic Home Protection, parts, labor, and system replacement are all covered. Please review our Plan for complete coverage terms & conditions.
Q:
What is the difference between my homeowner insurance policy and a home warranty plan?
A:
Old Republic Home Protection's one-year home warranty covers items not covered under your standard homeowner policy - filling a critical gap in the protection of your home. For example, if your dishwasher leaks and water damages the floor, your homeowner's insurance policy may cover the damage to the floor, but not the repair or replacement of the dishwasher. With an Old Republic Home Warranty, your dishwasher is covered!
Q:
Can I renew each year?
A:
Yes! In most cases, your Plan is renewable. We will send you an offer of renewal that includes the Plan premium and terms of renewal. You can also renew online quickly and easily!