When ownership changes, does the home warranty need to be transferred?

Prepare for the HPO Home Owner Builder Test. Use flashcards and multiple choice quizzes, with hints and explanations. Ace your exam now!

Multiple Choice

When ownership changes, does the home warranty need to be transferred?

Explanation:
Ownership changes bring the home warranty with the property, so the new owner typically receives the existing coverage automatically at closing. This setup keeps protection in place for the home’s systems and appliances from day one for the buyer, without needing a separate transfer action. While the standard practice is automatic transfer, it’s still wise to check the specific warranty’s terms, since some plans may require a transfer notice or enrollment under the new owner.

Ownership changes bring the home warranty with the property, so the new owner typically receives the existing coverage automatically at closing. This setup keeps protection in place for the home’s systems and appliances from day one for the buyer, without needing a separate transfer action. While the standard practice is automatic transfer, it’s still wise to check the specific warranty’s terms, since some plans may require a transfer notice or enrollment under the new owner.

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