Coverage Limit
A coverage limit is the maximum amount a home warranty company will pay for a covered repair or replacement.
Related: Service Call Fee, Exclusion, Waiting Period, Pre-Existing Condition, Claim
Glossary
Home warranty terms translated into human.
Because ācoverage limitā sounds harmless until it starts paying less than the bill.
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Exclusion
An exclusion is something a home warranty contract specifically does not cover.
Related: Service Call Fee, Coverage Limit, Pre-Existing Condition, Waiting Period
Home Warranty
Learn what a home warranty is, how it works, what it covers, common exclusions, costs, and how it differs from homeowners insurance.
Related: Service Call Fee, Coverage Limit, Exclusion, Waiting Period, Pre-Existing Condition
Homeowners Insurance
Homeowners insurance helps protect your home and belongings from covered events such as fire, storms, theft, and liability claims.
Related: Home Warranty, Coverage Limit, Exclusion, Claim, Deductible
Pre-Existing Condition
A pre-existing condition is a problem with a home system or appliance that existed before your home warranty coverage began.
Related: Exclusion, Waiting Period, Coverage Limit, Service Call Fee
Service Call Fee
A service call fee is the amount a homeowner pays each time a home warranty company sends a technician to diagnose a covered problem.
Related: Coverage Limit, Deductible, Exclusion, Claim
Waiting Period
A waiting period is the amount of time between purchasing a home warranty plan and when coverage officially begins.
Related: Pre-Existing Condition, Exclusion, Coverage Limit, Service Call Fee