What is a home warranty? Should I buy this type of protection for a new home?

A home warranty is a service contract that covers the repair or replacement of various household appliances and systems, such as heating and cooling systems, electrical and plumbing systems, and kitchen appliances. It is designed to provide homeowners with peace of mind by protecting them from unexpected repair or replacement costs. Home warranties typically cover items that are not typically covered by homeowners insurance, such as normal wear and tear on appliances and systems. However, it's important to note that home warranties do not cover pre-existing conditions or items that were already broken or malfunctioning before the warranty was purchased. Whether or not to purchase a home warranty for a new home is a personal decision and depends on several factors, such as the age of the home and its appliances and systems, the homeowner's budget, and the level of risk they are willing to take on. If the home and its appliances and systems are relatively new, a home warranty may not be necessary, but if they are older or have a history of needing repairs, a home warranty may provide valuable protection and peace of mind.