HOME WARRANTY Meaning and
Definition
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A home warranty is a service contract that provides coverage for the repair or replacement of major appliances and systems in a residential property. It is designed to protect homeowners from unexpected repair costs and provides a sense of security and peace of mind.
A home warranty typically covers a range of items such as heating and cooling systems, plumbing and electrical systems, kitchen appliances, and washer and dryer. When a covered item breaks down or malfunctions due to normal wear and tear, the homeowner can contact the home warranty provider to request repair or replacement services.
Upon receiving a service request, the home warranty company will dispatch a licensed and qualified technician to assess the problem. If the issue is covered under the warranty terms, the technician will either repair the item or replace it with a similar model. The homeowner is typically responsible for a service fee or deductible, which is a predetermined amount specified in the contract.
Home warranties usually last for a specific duration, typically one year, with an option for renewal. They are often purchased by homeowners, but can also be included as part of a real estate transaction. Home warranty plans can vary in coverage, cost, and terms, so it is essential for homeowners to carefully review and compare different options before selecting a provider.
Overall, a home warranty provides homeowners with financial protection and convenience by offering a comprehensive solution for maintaining and repairing essential household items.
Common Misspellings for HOME WARRANTY
- gome warranty
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Etymology of HOME WARRANTY
The term "home warranty" is a compound word consisting of "home" and "warranty".
- "Home" can be traced back to the Old English word "hām", which originally referred to a village or a dwelling place. It evolved from the Germanic word "haimaz" and is related to the Old Norse word "heimr" and the Dutch word "huis".
- "Warranty" comes from the Old Northern French word "warantie", which means a guarantee or surety. The word further derives from the Old French verb "warantir", meaning "to protect" or "to vouch for". It can be broken down into the elements "warant" (a noun form of "warir", meaning "to defend") and the suffix "-ie" (indicating an action or quality).
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