It is estimated by experts that less than 60% of the country’s homeowners have home warranty protection in their property, which is a worryingly low number. It was last year when I first got my home warranty policy after reading the First American Home Warranty reviews, and that was because I, like many of you, believed that my home insurance covered everything, and then I learned that it didn’t. There are many key differences between these two policies and the plans that they offer, which I wanted to go into in a little bit more detail today.
Home insurance is a something which is generally seen as an absolute necessity by many homeowners, and that is because of the wide range of cover that it provides . Home insurance covers you against the damage or theft of the contents of your home and its structural integrity. you may also find that home insurance covers people in your home against injury and it also may cover your personal property outside of the home. This is protection which you do need if you own your own or rent a property.
Where home insurance stops, home warranty starts and this is a coverage plan which will look after the systems in your home. This includes your plumbing, your gas, electricity and heating or cooling systems which you may have in the home. If you have a home warranty policy and something goes wrong with any of these systems, they will be covered under your policy meaning that you will only have to pay your deductible in order to have them repaired. If for example your central heating goes haywire and causes massive damage to your possessions and the home, your home insurance policy will make sure that everything is replaced, but they won’t do anything with the central heating system. This is why home warranty is so important to have alongside your home insurance, because they will foot the bill in repairing your central heating system.
Which Should You Have
When it comes to the question of which of these policies you should have, the answer in truth is that you should have both. This is even more true if you live in an area where natural disaster could occur like California, where your property may be seriously at risk of having signifiant damage. Even if you live outside of a natural disaster zone, having both of these policies will give you peace of mind and ensure that everything in your home is covered, no matter what happens.
When searching for a greta home warranty or home insurance be sure to check out reviews, compare prices and speak with customer service representatives in order to get the right plan for you and your property. The policies out there vary a lot which is why you have to do a goo d bit of research before you finally settle on the right plan.