Understand the Differences between A Home Warranty Plan and Home Insurance
Purchasing a home is one of the most critical investments for us and as a homeowner, we all want to protect our homes. There are two legitimate ways to protect your home- purchasing home insurance and a home warranty plan but unfortunately, a lot of people don’t understand the difference between home insurance and a home warranty plan. While they may sound similar, they cover different things and serve different purposes. In this article, we are going to explain what home insurance and a home warranty plan are, the differences and the benefits they provide you with. What is a home warranty? A home warranty is a monthly or annual service contract that covers the repairing or replacement costs of major home appliances and systems that may break down due to regular wear and tear. A home warranty is not mandatory, but if you want to avoid the unnecessary costs of repairing or replacing a major item, having a warranty would be a good idea. What does a h...