Regulation of home warranties varies from state to state. In some states, the real estate commission is the regulator, but in others the department of insurance has jurisdiction. Also, the many different companies and policies have created confusion about what is and isn’t covered. As a result, many consumers have the misconception that a home warranty covers everything, down to a leaky faucet. In reality, the only way to find out what you’re getting is to read the policy over carefully and verify the company’s financial stability.
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