The warranty covers YOU, The Seller, during the listing period. Then transfers to the Buyer for 1 full year upon closing.
There is no payment due now. Payment is due only at closing. If your property does not close and the warranty was not used, no payment will be due.
At closing the warranty will convert to the buyer and covers them for 1 full year from the date of closing. The plan is then renewable by the buyer for subsequent years.
On average, homes with a home warranty increase sales prices by up to 3% by making them safer investments for buyers. (Source: Business Week)
Minimize the chance that a system, component or appliance failure could delay closing.
Covered repairs are guaranteed for 180 days (6 months) by Cinch.
Buyers may ask you for this warranty as part of contract negotiations (most buyers agents will advise them to do so) By choosing the warranty now you will also benefit because you are covered during the listing period!
There is a $100 deductible for each occurrence. Additional charges may apply to certain repairs or replacements.
You call an 800 number 24/7 when having a problem and they send a repairman.
There is no home inspection prior to issuing the warranty.
If your listing expires or is withdrawn, with no claims, no payment is required.
Coverage usually begins the day you are listed in the MLS.
Your MLS listing will state that a 1 year warranty conveys to the purchaser at closing.
|COVERED ITEMS & CONDITIONS||SELLER||BUYER|
|Central Heating – 2 Units
Central A/C 2 Units
HEAT & A/C + $75
|Plumbing Stoppages (up to 125’)||YES||YES|
|Hot Water Heater||YES||YES|
|Attic Exhaust/Whole House Fan||YES||YES|
|Central Vacuum System||YES||YES|
|Door Bell Chimes||YES||YES|
|Refrigerator and Built-in Icemaker||YES||YES|
|Garage Door Opener||YES||YES|
|Microwave Oven, Built-in||YES||YES|
|Trash Compactor, Built-in||YES||YES|
|Appliance Buyline program||YES||YES|
|Emergency Lodging Reimbursement*||-||YES|
|Homeowners Insurance Deductible Reimbursement*||-||YES|
The above provides only a brief description of coverage. The information contained herein is deemed reliable but is not guaranteed. Upon purchase of the warranty you will be mailed a contract which includes the full and complete terms and conditions of the plan. As long as the warranty has not been used you may cancel at any time and no payment will be required.