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In some states, such as New Jersey [3] for example, builders of new homes are required to provide a home warranty to those purchasing homes. Though the terminology is identical, these home warranty plans differ from the ones offered to existing home owners or through real estate transactions involving the purchase of existing homes.
Home-based businesses: If you work out of your home, you may need to consider an additional business owners policy. Your homeowners insurance is unlikely to provide coverage, if, say, a client ...
A home warranty protects against the costs of home and appliance repair by offering home warranty coverage for houses, townhomes, condominiums, mobile homes, and new construction homes. When a problem occurs with a covered appliance or mechanical system such as an air conditioning unit or furnace, a service technician repairs or replaces it ...
The bulk of the cost on a home insurance policy is typically the dwelling coverage. Because condo owners usually only have to insure their home from the studs in, condo policies often have less ...
Coverage ends upon the earlier of closing of the sale, occupancy or the policy expiration date. After builder risk coverage expires, due to sale or occupancy, the new owner typically obtains permanent property insurance on the building such as a home owner's policy or a commercial property policy.
Your home's size, age and features, as well your personal property, impact how much coverage you need. Keeping a digital home inventory can help determine appropriate policy limits and make the ...
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