National Home Warranty Day 2024 (US): February 10 is National Home Warranty Day, and we are here to assist you in having the most enjoyable possible celebration. It has been five years since the inaugural observance of National Home Warranty Day. Wasting your attention? Home warranties facilitate cost savings through the provision of subsidized services for appliance replacement and repair. The purpose of this day is to raise awareness regarding the significance of property warranties.
National Home Warranty Day History
Throughout history, the significance and prevalence of warranties have been evident. “Caveat Emptor,” which translates to “Let the buyer be known” in Latin, was a contract safeguarded by common law. At the outset, warranties were governed by a privilege requirement, whereby taxation was restricted to individuals who had direct involvement in the transaction. To safeguard consumers, the privilege requirement was progressively scaled back, and within a span of a few years, it was entirely eradicated.
During the 1880s, the United States decided to broaden warranty doctrines to incorporate the characterization of the quantity and quality of an item for sale. Food and beverage safety guarantees were initially implemented during the 1900s. By 1964, the majority of consumer-facing everyday products had adopted this standard.
Also during this period, tort law was established. The Uniform Commercial Code (U.C.C.) governed sales legislation in the United States. The Magnuson-Moss Warranty Act was enacted in 1975 to provide consumers with the ability to peruse warranty coverage. In the 1980s, the Contract for International Sales of Goods (C.I.S.G.) issued comparable regulations and directives to increase consumer awareness regarding the comprehensive scope of warranty coverage.
By the late 1990s, home warranties had shot to prominence in the marketplace. It shielded consumers from the exorbitant expenses associated with repairing common domestic systems and appliances. While the exact origins of National Home Warranty Day are unknown, rumors contend that 2-10 Home Buyers Warranty, a provider of home warranties, founded the day. Since then, February 10 has been observed annually as a token of appreciation for home warranties.
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FAQs for National Home Warranty Day
What is the distinction between a guarantee and a warranty?
A nuanced distinction exists between a guarantee and a warranty. A warranty is a seller’s assurance that the product satisfies specific quality and functionality standards; an alternative remedy is provided if this is not the case. A seller’s assurance that the product will function as advertised; if not, the issue will be remedied.
Am I required to provide a documented warranty as a seller?
A vendor is obligated to provide a written warranty for products priced at or exceeding $15. If the seller fails to comply, the Federal Trade Commission may receive a formal complaint.
Which organizations offer the most dependable home warranty products?
American Home Shield, Landmark Home Warranty, 2-10 Home Warranty, and Liberty Home Guard are among the top providers of home warranties. Make sure the company offering the home warranty you buy is reputable and offers sufficient coverage without costing a fortune.
Activities on National Home Warranty Day
Acquire a residence warranty.
Today is the ideal time to purchase a home warranty if you don’t already have one. Thousands, and sometimes millions, of dollars may be saved with a basic home warranty, contingent on the extent of the damage to the product or system within the residence.
Review the current home warranty coverage.
Utilize this day, if you already possess a home warranty, to verify that everything is in order. Verify that your home warranty covers all necessary items, and additionally, examine the expiration dates.
Develop social media profiles
Inform all individuals of the significance of this day. To inform individuals about the gravity of home warranties, publish a blog post on your social media page concerning the subject matter of home warranties and National Home Warranty Day.
Five warranty factualities that will astound you
It is unnecessary to state it.
A vendor is only required to present the facts; the existence of a warranty is not explicitly stated in the sale agreement.
Puffery does not constitute a guarantee.
A claim that “this refrigerator is the best in the world” does not qualify as a warranty.
Legally, the warrantor is obligated.
A breach of warranty occurs when a warrantor is held culpable for an erroneous warranty in the same way, that liability would be imposed for a legitimate warranty.
Two varieties of warranties exist.
Subcategories of the two varieties of warranties—expressed and implied—are also present.
Three consumer protection hypotheses
Contract theory, strict liability theory, and due care theory are the three consumer protection theories.
NATIONAL HOME WARRANTY DAY DATES
| Year | Date | Day |
|---|---|---|
| 2024 | February 10 | Saturday |
| 2025 | February 10 | Monday |
| 2026 | February 10 | Tuesday |
| 2027 | February 10 | Wednesday |
| 2028 | February 10 | Thursday |
