Owning a home is the one of the greatest investments you’ll ever make. Protecting your assets is not just smart—it’s necessary. The best way to do this is to purchase both a homeowner’s insurance policy and a home warranty. Purchasing both will cover your home, belongings, and appliances in case they need replacement or repair. But understanding the differences of the two products is helpful for any homeowner.
A home warranty is an insurance for parts of the home. Not the home itself, but it covers the home systems and appliances. Technically, it is a residential service contract that covers the wear and tear of things in a home.
Most homeowners have experienced an appliance breaking down. And when you own dozens of appliances, you’re