Legal Definitions - HOW

HOW

HOW stands for Home Owners Warranty. It is a type of insurance that protects homeowners from unexpected repairs or replacements of major home systems and appliances.

For example, if your air conditioning unit breaks down and needs to be replaced, a home owners warranty can cover the cost of the replacement. Similarly, if your dishwasher stops working, the warranty can cover the cost of repairs or a replacement.

Another example is if your plumbing system has a major issue, such as a burst pipe, the warranty can cover the cost of repairs and any resulting damage.

These examples illustrate how a home owners warranty can provide financial protection for unexpected repairs or replacements of major home systems and appliances. By paying a monthly or annual fee for the warranty, homeowners can have peace of mind knowing that they are covered in case of a costly repair or replacement.