We talked about the importance of a warranty, and its essential inclusions. Now, let’s see what it does not do, and what you can do about this fact.
Every homeowner knows a warranty is important to making the most of one’s investment. But not every homeowner knows which facts about a warranty may be true, and which are not. Here are some common misconceptions.
A lifetime warranty lasts forever. The biggest misconception about warranties is the thinking that they last forever – so let’s re-establish expectations. There are lifetime warranties, but these have differing lengths of coverage, depending on the manufacturer. Some are covered throughout the lifespan of the product, while others are covered for as long as the product is on the market. If the product is discontinued, for instance, your lifetime warranty usually expires. A good rule of thumb is to always ask your manufacturer or installer what the length of coverage of your warranty is actually based on.
As mentioned in the first part, warranties also come with conditions. It is important to avoid violating these conditions to prevent having your warranty voided.
You can always buy a thing “as is”. If a manufacturer explicitly says in writing that the product comes with no warranty, you cannot file any subsequent claims if your product fails. This is known as an “as is” sale, which removes any post-purchase obligations on the part of the manufacturer or seller. But in some states including Kansas, Vermont, Maryland, and West Virginia, “as is” sales are not allowed.
If it is not explicitly declared, it is not covered. Another mistake homeowners think about warranties is that they are not eligible for anything that is not explicitly printed in their copies. But this is not always true. Implied warranties exist to provide coverage for specific purposes. For instance, a window product carries an implied warranty that it should be able to protect your home from the elements. So if it fails to do that, you have grounds to file a complaint.
Lastly, warranties are not always non-transferable. Some warranties carry the coverage from owner to owner. So if you have plans of selling your home and your windows will remain covered by your current warranty even when you transfer ownership, this can add resale value to your home.
Speaking of warranties, Renewal by Andersen offers one of the best and most comprehensive. Let’s explore it in the last chapter of our blog series.