Definition - What does Home Warranty mean?
The term "home warranty" refers to a service contract that governs major housing systems. This contract may include electrical or plumbing work, which is operational for a definite period of time—usually starting from the exact date that the house is sold.
Justipedia explains Home Warranty
Home warranty is also renewable and guarantees any repair work that might be required for the covered system within a fixed period of time. Coverage provided through home warranty varies from company to company. Laws that govern home warranty are also different across states.