HMS 1 Year Home Appliance Warranty

The following provides only a brief description of coverage. The information contained herein is deemed reliable but is not guaranteed. Upon purchase of the warranty you will be mailed a contract which includes the full and complete terms and conditions of the plan.

THERE IS NO PAYMENT DUE NOW, and, if your home does not go to closing and/or if you do not make a claim, there will be NO PAYMENT AT ALL. You will be able to choose this warranty option when you list your home on our website. 

Home Warranty Benefits

• The warranty covers YOU, the seller, during the listing period.

• There is no payment due now, and, if your home does not go to closing and/or if you do not make a claim, there will be no payment at all. 

• At closing it converts to the buyer and covers them for 1 full year. The plan is then renewable by the buyer for subsequent years.

• A more appealing Home Plus Peace of Mind:  It's a fact: 8 out of 10 buyers prefer homes with warranties, which is why warranted homes are so much more appealing to buyers. Plus, buyers who receive a home warranty are less likely to call you if a covered item breaks down after closing. (Source: HMS)

• On average, homes with a home warranty increase sales prices by up to 3% by making them safer investments for buyers. (Source: Business Week)

• Minimize the chance that a system, component or appliance failure could delay closing.  

• Covered repairs are guaranteed for 180 days (6 months) by HMS.

• Buyers may ask you for this warranty as part of contract negotiations (most buyers agents will advise them to do so)  By choosing the warranty now you will also benefit because you are covered during the listing period! 

How the Warranty Works

• There is a $100.00 deductible for each occurrence.

• You call an 800 number 24/7 when having a problem and they send a repairman. 

• There is no home inspection prior to issuing the warranty. 

• If your listing expires or is withdrawn with no claim or closing occurring, the warranty expires with no payment required.

• Coverage usually begins the day you are listed in the MLS system. 

• Your MLS listing will state that a 1 year warranty conveys to the purchaser at closing.

Peace Of Mind Coverage - This Warranty Covers:

1. Air Conditioning. Covered: Central air conditioning systems, wall air conditioning units, evaporator cooler units, condensers, compressors, thermostats; condenser fan motors, air handler; blower fan motors; interior Freon gas lines; and accessible ductwork.

2. Central Heating. Covered: Hot water heating system; warm air heating systems; accessible ductwork; (including heat pumps which cool or heat the home).

3. Ductwork (Buyer Covered).

3. Plumbing. Covered: Water, gas and vent lines within the perimeter of the main foundation; drain, waste and vent lines within the perimeter of the main foundation; faucets, shower, or tub valves, hot water heater, toilet tanks, bowls, lids and toilet mechanisms within the toilet tanks.

4. Electrical. Covered: General wiring, components and parts within the perimeter of the main foundation; fuse box; circuit breaker panels; receptacles; doorbells and chimes; garbage disposals, and ceiling fans.

5. Appliances. Covered: Ceiling fan, Oven/Stove/Cooktop/Range, Garbage Disposal, Built-in Dishwasher; Built-in Trash Compactor; Built-in Microwave, Range Exhaust Hood, Water Heater.

Basic Coverage: Pre-owned. single-family homes, including townhomes and condominiums: $405.00.  Deductible/service fee: $100.00 or actual cost, whichever is less per claim, per occurrence. Effective date of coverage:  For seller, the day you are listed in the MLS system.. For buyer, transfers at closing. 

Please note: Carolina Premium Properties, Inc. is not connected with this HMS warranty company.