The Importance of a Home Warranty

A home warranty is one of the best forms of risk protection next to homeowners insurance. Once you become a homeowner, you’re investing in a property that requires proper care and upkeep. That’s why it is important to acquire a home warranty plan to help keep you prepared for unforeseen incidences and maintenance issues. So many homeowners save on out-of-pocket costs because they are covered by a home warranty plan. But what is it?

While home warranties and homeowners insurance both protect against unexpected circumstances, a home insurance policy covers any accidental damage to your home and belongings due to theft, storms, fires, and some natural disasters. Homeowners insurance will help repair any wreckage to your home or personal property that was stolen or damaged. This may also include liability coverage which can help cover legal and medical fees if someone is injured on your property.

Home warranties are not required but are highly suggested because it will provide coverage on expenses related to HVAC systems (heating, ventilation, and air conditioning), plumbing, and home appliance repairs or replacements. This is an annual renewable contract that provides assistance in repairing electrical issues, leaks, and faulty appliances or will replace systems in your home that are beyond repair if they break down, such as a dishwasher or washer and dryer.

For all of those who are currently a homeowner or potential homeowners, please make sure you have a home warranty. Negotiate that within your contract and if you already own a home continue to renew your home warranty policy because it will definitely save you money in the future.

To learn more make sure to check out our video on “The Importance of Home Warranties” or reach out to our trusted agent, Qulia Bryant for more realty tips! Call us: 833-704-HOME or find your dream home online!

Sources:

https://www.ahs.com/home-matters/cost-savers/whats-the-difference-homeowners-insurance-vs-home-warranty/

https://www.allstate.com/tr/home-insurance/home-insurance-vs-home-warranty.aspx

https://www.thebalance.com/home-insurance-vs-home-warranty-4135608