Q1. Why is the HomeLife Home Warranty important ?
A1. Neither the Seller, Buyer nor the Real Estate Broker / Sales Representative can predict the serviceability or life of pre-owned equipment during a Real Estate transaction, HomeLife Home Warranty protects all parties from any future potential dispute. Buyer will definitely feels more comfortable / protected buying a pre-owned home with the Warranty, Seller also gain a powerful merchandising tool in selling their property.
Q2. What is the HomeLife Home Warranty Program ?
A2. A ONE full year service agreement, administrated by Unirisc, covering the cost of repair / replacement of most of the major equipment and system within the home in the event of mechanical failure, subject to a deductible per trade call.
Q3. Is HomeLife Home Warranty the same as Homeowner’s Insurance ?
A3. NO, homeowner’s insurance normally covers only damages caused by Acts of God or outside perils such as fire, water, lightning, etc. as well as consequential damage. HomeLife Home Warranty provides for repair / replacement in case of mechanical breakdowns or malfunctions due to normal wear and tear.
Q.4 What types of properties are eligible for HomeLife Home Warranty Coverage ?
A.4 It covers single family, owner-occupied, residential homes at the time of resale, including owner occupied Condominium / Townhouses. Rental properties can be covered with prior approval by Unirisc. Commercial /Industrial buildings or vacant properties will NOT be covered under this program.
Q.5 What is the period of coverage ?
A.5 One full year ( 12 months ) from the date of closing .
Q.6 Are there any age restrictions for coverage of the equipment ?
A.6 No, however, there is a limited coverage for the heating system, water heater, air conditioning system and appliances in excess of 12 years of age.
Q.7 What happens when a mechanical failure of a covered equipment or system occurs?
A.7 All requests for service must be made by calling UNIRISC at 1-800-267-1222. After verifying the service agreement, Unirisc will help to arrange for a qualified local service contractor to check out the problem and will give instructions for getting proper approval for the repair work. All work will be performed as quickly as possible.
Q.8 Can this Warranty be renewed after 12 months period ?
A.8 Coverage can be renewed at the option of Unirisc. In such case, policy holders will be notified at least 30 Days prior to the expiration of their existing agreement.