A home warranty offers many advantages to home buyers and sellers, the least of which is a peace of mind that most major home appliances are covered in the event of a break down. Most home warranties cover both parts and labor of a home’s most vital systems and major appliances. This protects the home seller from potentially large, unexpected repair bills and also allows the buyer to purchase the home with more confidence. Additionally, a home warranty is usually for the term of at least one year, so any unforeseen repairs/replacements are also covered well after the home has been sold.