Although a home warranty and home insurance policy cover your home, they offer varying protection. To help you understand them better, let’s take a look at some of their differences.
A home warranty covers repairs and replacements of broken appliances. It may also include “limited coverage of workmanship and materials” for some parts of the house in a new home.
What’s not covered in a home warranty, you might ask? It doesn’t include those that are covered under the warranty of a manufacturer. If your new television malfunctions, you might want to discuss repairs or replacement with the manufacturer.
Home warranties also have their terms and conditions when making a claim. They may also lay out how items will be repaired or replaced. Some may even specify which companies will do the repairs.
Although a home warranty can be a nice thing to have for homeowners, it isn’t a necessity.
What does Home Insurance Cover?
While broken appliances are covered by a home warranty, what will cover those items that got stolen or damaged by fire? Home insurance, of course! A standard homeowners policy will protect your home and personal property from covered events like theft, vandalism, or fire. However, it won’t provide protection for broken appliances.
Home insurance policies also have liability coverage that offers protection for injured visitors at your home if you were found legally liable.
It’s important to note, however, that home insurance coverage has its limitations. Determine whether your house has enough protection by talking to your agent. You always have the option of buying additional coverage if you deem it necessary.
Both home warranty and home insurance offer different coverage that will give you peace of mind when you consider certain circumstances. Understand them better before investing and make sure that you buy them from reputable companies.
At the Sungate Insurance Agency, we offer insurance policies that can be tailored according to your needs. We are committed to providing professional services and excellent custom insurance package for a reasonable price. Feel free to talk to us, give us a call at (407) 878-7979 or email us here. Get a quote now!