What Is the Waiting Period for a Home Warranty?

Curious to know what is the Waiting period for a Home Warranty? We got you!

A home warranty is an excellent investment for homeowners. After all, it helps protect one of your most valuable assets – your home.

But what is the waiting period before it kicks in? How long do you have to wait before your policy goes into effect? Read on to find out the answer to these critical questions.

What Is the Waiting Period for Home Warranty
What Is the Waiting Period for Home Warranty

What Is The Waiting Period?

It is the time between when you purchase a home warranty policy and when it goes into effect. This can vary from a few days to several months. 

The waiting period allows the home warranty company time to process your application and get everything in order.

After all, they need to ensure that you’re a good fit for their program and that you agree with the terms and conditions of your policy. 

Read: What Appliances Are Covered In A Home Warranty Generally?

Read: How To Buy A Home Warranty?


Why Is There a Waiting Period?

The main reason for the waiting period is to protect the home warranty company from fraud.

You see, there have been cases in the past where people have bought a home warranty, filed a claim, and then canceled the policy.

The home warranty company is then stuck paying for the repairs, even though the policy has been canceled. 

To prevent this type of fraud, home warranty companies instituted waiting periods. This way, they can cancel any fraudulent claims before they have to pay out any money. 


How Long Is the Waiting Period?

The average waiting period is 30 days, but it can vary from company to company. Some home warranty companies have shorter waiting periods of 14 or 21 days, while others have longer ones of 60 or 90 days. 

So, for example, let’s say that you buy a home and get a home warranty on September 1. During the waiting period of 30 days, then your policy won’t go into effect until October 1. 

Yes, of course, you can file a claim during the waiting period – it just won’t be covered by the home warranty.

So if something goes wrong with your home before October 1, you’ll have to pay for the repairs yourself. 


What if I Need to Use My Home Warranty Right Away?

In some cases, you may need to use your home warranty right away – for example, if your furnace stops working in the middle of winter. 

If this happens, you can usually buy a “rush” service from the home warranty company. For an extra fee, they’ll expedite your claim and get someone out to your house right away. 

Of course, you’ll still have to pay the service fee – which is the amount that you pay for each repair or replacement – but this is usually much cheaper than paying for the repairs yourself. 

Read: How Much Does A Home Warranty Cost Per Year?


Bottom Line

A home warranty is a fantastic investment, but you need to be aware of the waiting period before it goes into effect. Usually this is 30 days, but it can vary from company to company.

Before buying a home warranty, make sure to ask about the waiting period, so you know what to expect.

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