Do you need a home warranty in addition to homeowner's insurance?
When it comes to protecting your home and its contents, most people know that they need homeowner's insurance. But, do you also need a home warranty?
The short answer is:
... it depends.
Homeowner's insurance covers damage or loss to your home and its contents caused by things like fire, theft, and certain natural disasters.
A home warranty, on the other hand, covers the cost of repairs or replacements of certain appliances and systems within your home, such as your HVAC system or refrigerator.
A home warranty can be especially beneficial if you live in an older home with appliances and systems that are more likely to break down.
If you're purchasing a new home, many home builders will offer a one-year home warranty as part of the sale.
If you're considering purchasing a home warranty, it's important to compare the coverage offered by different companies and read the fine print.
Some home warranties have a list of exclusions, such as damage caused by pests or wear and tear. Also, some warranties may require you to use specific service providers, so you'll want to make sure that those providers are available in your area.
If you're unsure whether you need a home warranty, consult with your local independent insurance agent for personalized help.