I Have A Home Warranty. Do I Still Need Home Insurance?

To safeguard the building’s structure and its systems and appliances, homeowners should have both house insurance and a home warranty. In contrast to homeowners insurance, which covers significant dangers such as fires, property crimes, and some forms of water damage that might endanger the entire structure or the homeowner’s personal items, a home warranty only covers minor issues. These include leaky faucets and broken pipes.

An agreement between the homeowner and a home warranty provider allows for subsidized repair and replacement services for the main components of a house, such as a furnace, HVAC, plumbing, and electrical systems. A house warranty may also cover washers, dryers, refrigerators, and swimming pools. For questions, call INW Insurance Solutions in Mesa, AZ. 

Distinctions Between a Home Warranty and Insurance 

Homeowners insurance protects you against someone else’s home or possessions. It doesn’t matter if you don’t have a mortgage; home insurance is always a good investment. A homeowners policy is a valuable financial asset because it covers your home and your liabilities in case of something bad happens. 

In contrast, a home insurance policy covers the cost of structural damage and loss of personal belongings in an emergency, such as a burglary or fire. Homeowners who have mortgages on their homes may be obliged to obtain home insurance, but a home warranty plan isn’t necessary. A home warranty and home insurance can safeguard a homeowner’s budget against costly repairs when they inevitably arise in a home.

Summary 

Home warranties and insurance give homeowners the maximum protection they can hope for. Repairs and damage caused by a leak are covered by both plans so that you can have peace. Home warranties and insurance policies are just two halves of the same coin. Do you have questions or need professional help in Mesa, AZ? Contact INW Insurance Solutions today.