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Home Warranty

HMS Home Warranty: Protecting Sellers

 

When your home is listed with the HMS Home Warranty it stands out!  It also provides you with valuable protection before and during the sale, and peace of mind afterwards.

  • Make your home a preferred home – 8 out of 10 buyers prefer to buy a warranted home. (Source: Gallup Poll)
  • Sell your home faster – Homes with warranties sell up to 50% faster than unwarranted homes. (Source: National Home Warranty Association)
  • Sell your home for more – On average, homes with a home warranty increase sales prices by up to 3% by making them safer investments for buyers. (Source: Business Week)
  • Save money – Seller’s coverage can protect you against costly repairs while your home is listed for sale.  
  • Peace of mind – Buyers who receive a home warranty are less likely to call the home seller if a covered item in their home breaks down after closing.
  • Avoid Closing Delays - Minimize the chance that a system, component or appliance failure could delay closing.  
  • Industry Leading Workmanship Guarantee - Covered repairs are guaranteed for 180 days because at HMS it's our job to provide quality service and save you money.

 

HMS Home Warranty: Protecting Buyers

 

An HMS Home Warranty helps you avoid unexpected home repairs which are often extremely expensive. For a year from your closing, the warranty provides coverage against mechanical failures for many major systems and appliances, coverage that is not provided by most homeowners' insurance.*

  • Save Money - Customer pays only a standard deductible per service call, per trade, on covered components.
  • Leveraging the network - Our customer service center is available 24 hours a day, 365 days a year and provides access to a nationwide network of qualified contractors.
  • Save with the Appliance Buyline® - Even if items in your home are running great, you may decide to remodel or upgrade. With the HMS Home Warranty you can take advantage of HMS buying power and get great savings on brand name appliances. One call can save you up to 30% off and there is no limit to the number of appliances you can order!
  • Never get locked out - You are covered for up to $50 per year for locksmith services if you get locked out of your home.
  • More choices - Optional coverages are available for additional protection.
  • Easily renew your warranty - You can enjoy the protection for as long as you own your home (eligibility subject to underwriting criteria.)
  • Avoid closing delays - Minimize the chance that a system, component or appliance failure could delay closing.
  • New home advantage - Multi-year coverage is available for newly-constructed homes.
  • Industry Leading Workmanship Guarantee - Covered repairs are guaranteed for 180 days because at HMS it's our job to provide quality service and save you money.
 
Home Warranty FAQ's:
 

WHAT IS AN HMS HOME WARRANTY?
It's protection against unexpected costs and a simple way to ensure peace of mind in a newly purchased home. It's a tool to help sell your home because it conveys value. It's all these and more.

The HMS Home Warranty Plan covers the cost of repairing or replacing major systems and appliances due to mechanical failures for one full year. Most HMS Home Warranties cover Air Conditioning and Heating Systems, Refrigerators, Water Heaters, Ovens/Ranges, Electrical Systems, Plumbing Systems, Built-in Dishwashers, Built-in Microwaves, Garbage Disposals, Built-in Trash Compactors, Ceiling Fans,Washers & Dryers and more.

With so much that can go wrong - and often does - an HMS Home Warranty provides peace of mind and more. In order to best meet the needs of our customers, our warranties differ by state.
 
IS THERE A DEDUCTIBLE?
A reasonable deductible applies for each service call per trade or the actual cost of service whichever is less.
 
WHEN DOES COVERAGE BEGIN?
For Sellers- coverage begins when the enrollment form is received and continues through the listing agreement period (up to 180 days). Extensions are available for up 360 days provided a listing agreement is still in effect. For Buyers- coverage begins at closing (when title is transferred and payment is received). For Existing Homeowners: Coverage is effective 30 days after receipt of funds.
 
WHEN DOES THE SELLER/BUYER RECEIVE THEIR HMS HOME WARRANTY AGREEMENT?
The Seller will be mailed a copy of the Seller HMS Home Warranty Agreement detailing their coverage, terms, conditions and limitations within seven (7) business days of receipt and processing of the home warranty application. The Buyer will be mailed a copy of their HMS Home Warranty Agreement detailing their coverage, terms, conditions and limitations within seven (7) business days after payment is received and processed.
 
CAN A CONTRACT HOLDER USE THEIR OWN REPAIRMAN?
A customer must contact the HMS Home Warranty Plan Claims Center for authorization. Homeowners will not be reimbursed for service preformed without prior approval. We have an extensive list of service providers in our network. There is a chance that the company of choice is already approved to do work for us.
 
IS THE WARRANTY RENEWABLE?
Renewable coverage for subsequent years is available so you can enjoy continued protection for as long as you own your home. Renewal eligibility is subject to underwriting guidelines.