Your homeowners insurance policy covers you from many different types of perils. It is the protection you need when you experience damage to your home from qualifying losses. Home warranties are another type of protection that protects homeowners, but in a much different way than the protection homeowners insurance provides.  

Often, homeowners think that having a home warranty is enough protection, but a home warranty doesn’t protect you like a home insurance policy protects you. 

Understanding Your Homeowners Insurance Coverage 
Your house is likely the largest investment you will make in your lifetime. After the monetary investment, you spend additional money making it a home for you and your family. With homeowners insurance, you protect your entire house from catastrophic events, such as: 

• Fires 
• Severe weather 
• Theft 
• Vandalism 
• Natural disasters 

With a homeowners insurance policy, damage to your entire house and belongings (from a qualifying event) may be covered under the policy. Damaged appliances and household systems may be covered if they are damaged as a result of a loss covered by your insurance policy. 

Understanding Home Warranties 
Home warranties protect you when one of your major appliances or systems break down. Instead of being forced to pay hundreds or thousands of dollars out of pocket, you may only be expected to pay a deductible. Since appliance failures happen unexpectedly, a home warranty may help you repair or replace your system so that your family doesn’t have to suffer through sweltering summer days or freezing winter nights.  

Should You Purchase Homeowners Insurance or a Home Warranty? 
Purchasing a home insurance policy is in your best interests because without it, you are responsible for paying damages. If you desire additional coverage, a home warranty complements your homeowners insurance policy, but it does not replace it. With both coverage options, you can rest at ease knowing that you have comprehensive coverage if something goes wrong at home.