FAQ: Are multi-family homes covered? - HMS National, Inc.

FAQ: Are multi-family homes covered?

February 3, 2015

Whether you share a duplex house with your in-laws or a fourplex building with people you've yet to get acquainted with, it's good to know if multi-family homes are covered under an HMS home warranty.

The short and the long answer are both simply yes. It's important to note, however, that coverage is restricted to the owner-occupied unit only under the seller's listing period.

If you happen to live in a multi-family home, and you rent out the other floors, your part of the building is covered under the warranty. Once the home closes the remaining units will be eligible for coverage as long as multi-unit coverage was purchased at the time of listing.

It may be important for the landlord and tenant to reach an agreement in terms of accountability in the event of mechanical failure.

In short, home warranties will cover your portion of the multi-family house during the sellers listing period, once the home closes the other units are covered. Mechanical failures, like heating, electrical and plumbing, will be taken care of.

"The information in these articles is intended to provide guidance on the proper maintenance and care of systems and appliances in the home. Not all of the topics mentioned are covered by our home warranty or maintenance plans. Please review your home warranty contract carefully to understand your coverage."