Thursday, September 21, 2017 / by Jason Huval
What Is A Home Warranty and What is Home Insurance?
A home warranty is a one-year service contract designed to protect a home’s systems and appliances. If a covered system of appliance in your home fails, a home warranty will cover the repairs or replacement. This can include your plumbing, electric, heating and cooling systems. As Shawna Bell of Landmark Home Warranty explains, “Home warranties provide financial protection for homeowners who might be faced with unexpected problems with their appliances.”
Although a home warranty is not required like home insurance is, it is a good safety precaution to have in case an appliance or a system fails. If someone has lived in your house prior to you, or your builder's warranty has expired, it is something you should consider. Home warranties cover your major appliances in your house, unlike home insurance which covers natural disasters, theft, and things of that nature ...