Http://katebeavis.com/home-warranty-vs-home-insurance/

Credit: https://katebeavis.com/home-warranty-vs-home-insurance/

What is Home Warranty and Home Insurance?

Differences between Home Warranty and Home Insurance

Key differences:

Appliance and System Repair Costs

Home warranty repair costs vary widely depending on the type of appliance or system and the extent of the damage. According to a study by the American Society of Home Inspectors, the average cost of home warranty repairs is around $500-$1,000 per year for small appliances like refrigerators and stoves.

Home insurance repair costs can be significantly higher, ranging from $5,000 to $20,000 or more per claim, depending on the type of damage and the level of coverage.

Why Choose Home Warranty?

  • Financial protection against costly repairs and replacements
  • Convenience: No need to worry about deductibles or out-of-pocket expenses
  • Flexibility: Many home warranty providers offer flexible payment options and claims processing

Why Choose Home Insurance?

  • Broader coverage for the entire home, including systems and fixtures
  • Lower overall premium costs compared to a separate home warranty policy
  • Protection against damage caused by natural disasters or other external factors

https://katebeavis.com/home-warranty-vs-home-insurance/