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Simple English definitions for legal terms
HOW
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A quick definition of HOW:
Term: HOW
Definition: HOW stands for Home Owners Warranty. It is a type of insurance that protects homeowners from unexpected repairs or replacements of major home systems and appliances. This means that if something breaks down, the homeowner can call the warranty company to have it fixed or replaced without having to pay a large amount of money out of pocket. It gives homeowners peace of mind knowing that they are covered in case of a major home repair.
A more thorough explanation:
HOW
HOW stands for Home Owners Warranty. It is a type of insurance that protects homeowners from unexpected repairs or replacements of major home systems and appliances.
For example, if your air conditioning unit breaks down and needs to be replaced, a home owners warranty can cover the cost of the replacement. Similarly, if your dishwasher stops working, the warranty can cover the cost of repairs or a replacement.
Another example is if your plumbing system has a major issue, such as a burst pipe, the warranty can cover the cost of repairs and any resulting damage.
These examples illustrate how a home owners warranty can provide financial protection for unexpected repairs or replacements of major home systems and appliances. By paying a monthly or annual fee for the warranty, homeowners can have peace of mind knowing that they are covered in case of a costly repair or replacement.