What type of warranty covers defects for a duration of ten years?

The Home Owner's Warranty is specifically designed to cover defects in the construction or major systems of a home for a duration of ten years. This warranty is important for new homeowners, as it provides a safeguard against significant structural defects, such as issues with roofing, plumbing, electrical systems, and structural framing.

Home warranties typically cover the expenses associated with repairs or replacements needed for these defects, thereby giving homeowners peace of mind and financial protection for a considerable period after purchasing a property. This long-term coverage differentiates it from other types of warranties, which may not extend for such an extended duration or may cover different scopes of issues.

In contrast to the Home Owner's Warranty, general warranties are often broader but less specific in terms of time limits, while implied warranties and constructive warranties can vary greatly and may not guarantee a defined period such as a decade. Understanding these differences is crucial for homeowners and real estate professionals alike when assessing property protection options.