FAQ: When does coverage begin? - HMS National, Inc.

FAQ: When does coverage begin?

January 30, 2015

Any serious purchase entails a lot of paper work. But who really has time to read over everything? Furthermore, you're sure to miss a few details because there is so much information to absorb. You may have read over the details of your new HMS home warranty, and the simplest thing may have gone unnoticed - like when coverage begins. 

Here's what you need to know:

Don't ask your friends, because their start dates may be different than yours. Why's that? Because the first day of your HMS coverage depends on whether you're an existing homeowner, a buyer or a seller. 

If you're a seller then, your coverage begins when the enrollment form is received. Then, it continues through the listing agreement period, which runs up to 180 days. Of course, you can always apply for an extension. They're available for up to 360 days so long as a listing agreement is still in effect.

People who are buyers will have a different situation. For them, the start date begins the day of the closing. If you're not sure what that means, then it's the day when the title is transferred and payment is received. 

The last scenario is people who are already existing homeowners - perhaps you've lived in the same place for 30 years and just realized you needed new coverage, or you were tired of your old warranty. Whether you've been there for a day, month or your entire life, if you are getting a warranty for the house that's already yours, then coverage will go into effect 30 days after receipt of funds.

Of course, if you have any questions, don't hesitate to call an HMS representative. They work around the clock every day of the year, so they can help with anything at all. 

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.