Plumbing Systems

Residential Service Contract
A Residential Service Contract, often referred to as a home warranty, is an insurance policy that typically covers the plumbing, mechanical, and electrical systems of a home for one year. It is commonly offered at the purchase of an existing home and can be paid for by either the buyer or the seller.
Water Damage Insurance
Water Damage Insurance provides protection in the event of accidental discharge, leakage, or overflow of water from various systems and through various openings, resulting in damage or destruction of the property scheduled in the policy.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.