HMS Home Warranty Frequently Asked Questions
Why do I need an HMS Home Warranty?
Do I need a home inspection first?
What is covered?
When is coverage effective?
Can I cover my home while it's listed?
What do I do when a covered component needs service?
Why do I need an HMS Home Warranty?
You can't predict when they will arise. Problems seem to happen when you're least prepared. Unplanned home repair expenses ruin many family vacations and holidays, and put a tremendous strain on the family budget. An HMS Home Warranty gives you the protection you need. It covers breakdowns in major systems like plumbing, electrical, heating and air conditioning, as well as washer, dryer, oven, refrigerator and other items.
Check out these average repair costs:
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Furnace |
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$1250-3500 |
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A/C Unit |
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$1500-2100 |
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Oven/Range |
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$700-1400 |
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Dishwasher |
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$500-700 |
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Water Heater |
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$375-425 |
| |
Broken Water Pipe |
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$100-600 |
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Refrigerator |
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$600-1000 |
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Washer/Dryer |
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$200-500 |
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With so much that can go wrong, and often does, an HMS Home Warranty gives you peace of mind.
Do I need a home inspection first?
There is no formal home inspection required, however, all covered components must be in proper working condition at contract effective date.
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What is covered?
Most HMS Home Warranties cover Air Conditioning Units, Central Heating Units, Built-in Dishwashers, Washer/Dryer, Built-in Trash Compactors, Refrigerator, Water Heaters, Garbage Disposals, Electrical Systems, Paddle Fans, Plumbing Systems, Oven/Ranges and Built-in Microwaves.
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When is coverage effective?
For Buyer Warranty:
Coverage is effective upon receipt of application
For Seller Warranty:
Coverage is effective on date of closing provided that proper payment has been received by HMS by 7 business days of closing
Existing Homeowners:
Coverage is effective 30 days after receipt of funds
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Can I cover my home while it's listed?
Yes! When the property is listed, and the seller agrees to provide a home warranty plan paid out of the proceeds of the closing, the seller receives coverage at not additional cost for the duration of the listing period (not to exceed 180 days). At closing, the HMS Seller Home Warranty converts to an HMS Buyer Home Warranty, providing the buyer coverage. (Please note, Seller coverage does not include Heating and Air Conditioning)
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What do I do when a covered component needs service?
For 24-hour claim service, simply call toll-free 1-800-432-1033.
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