Contracts
In Louisiana, a 'home warranty plan' included in a real estate transaction provides:
ATitle insurance coverage
BCoverage for repair or replacement of certain home systems (HVAC, plumbing, electrical) and appliances during the coverage period✓ Correct
CA guarantee against all property defects regardless of cause
DA guarantee that the property will appreciate in value
Explanation
A home warranty plan (also called a home service contract) covers the repair or replacement of certain home systems and appliances that fail due to normal wear and tear during the coverage period — providing buyers some protection against unexpected repair costs.
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