Homeowner Warranty Insurance, also known as a Homeowners' Warranty Program, provides protection against repair costs for certain elements of a home. This type of insurance typically covers structural defects and malfunctioning systems and appliances, ensuring peace of mind for homeowners.
A private insurance program that protects purchasers of newly constructed homes, offering coverage against structural and mechanical faults provided the builder participates in the program.
The Homeowners' Warranty Program (HOW) is a type of warranty designed to offer protection to buyers of newly built homes and provide coverage against deficiencies in construction quality, craftsmanship, and significant defects. This warranty aims to protect homeowners from unforeseen repair costs and ensure that builders adhere to high standards of construction.
