Articles and Advice
Buying a house is a big financial decision, and the right home warranty can help you protect some of the most important contents of your new home. A home warranty helps cover repairs to key systems and provides peace of mind once you move into your new home. But how do you choose the right home warranty, and what benefits can you expect? Ahead, we'll cover the critical details of choosing the right home warranty when buying a house.
One of the most common questions about home warranties is, "doesn't my homeowner's insurance cover this stuff?" The truth is that your home warranty and your home insurance serve two different purposes, with homeowners insurance covering major perils like fire, wind damage, and flooding. However, if your furnace, central air-conditioning, or appliances break down on their own, those items won't be covered by homeowner's insurance.
That's where a home warranty comes in because home warranties cover key home systems and appliances. Since repairs to appliances and HVAC systems can be quite expensive, many homeowners prefer the security of a home warranty. Choosing the right home warranty starts with understanding your goals, and how to accomplish them.
While a home warranty isn't a necessity, it can be a very nice perk when you need peace of mind or when you're working to get your budget back in order after the big financial move of buying a house. If you have questions about whether a home warranty is the right fit for you, your real estate agent is a great person to speak with to learn more. Remember that just as with home insurance, it pays to shop around before making your home warranty choice.