What is the Difference between a Homeowners Insurance Policy and a Home Warranty?

and home warranty. Check with your insurance agent and home warranty representative regarding the details of each of the coverages.

A typical home warranty covers things such as: air conditioning, heating, plumbing, major appliances, and things that a standard home insurance policy would not cover                           For example, if your washing machine leaks and water damages the floor, your homeowners insurance policy may cover the damage to the floor, but not repair or replace the washing machine, your home warranty, would cover the repair or replacement of it. Another example is if your water heater exploded and caused damage to the walls of your home, your homeowner’s insurance would cover the cost of fixing the wall, while the home warranty would replace or repair the water heater.

 Remember that home warranties are not substitutes for a homeowners’ insurance policy and that each company will not offer you the identical coverage. Each homeowner insurance policy and home warranty is vastly different. Specific disasters and/or exclusions will vary on each individual homeowners insurance policy. If you have any questions about your policy, contact your insurance agent or home warranty representative.