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HTTP://WWW ANNMARIEJOHN.COM/DIFFERENE-BAETWEEN-HOME-WARRANTEE-AND-HOME-INSTRUMENTS https://www.annmariejohn.com/difference-between-home-warranty-and-home-insurance **The Difference Between Home Warranty and Home Insurance** As a homeowner, making necessary repairs to your property can be costly and time-consuming. That's where home warranty and home insurance come in – two essential components of homeownership that provide financial protection against unexpected expenses. While they share some similarities, these two services have distinct differences. Home warranty policies typically cover specific repairs and replacements, such as plumbing, electrical work, and HVAC system maintenance. A typical policy may include coverage for major appliances, roofing, and structural damage to the home. In exchange for this coverage, homeowners usually pay a premium monthly or annually, which can range from 1-5% of the home's value per year. On the other hand, home insurance policies provide liability protection against financial losses resulting from accidents or disasters that may damage your property. Homeowners insurance typically covers damages to the structure and personal belongings within the home, as well as liability for injuries or property damage caused by others. The premium paid for homeowners insurance varies based on factors such as location, value of the home, and coverage limits. In some cases, a homeowner's primary source of funding for repairs may be a combination of both warranty and insurance policies. For instance, if a leaky roof causes significant water damage to your home, you might need to repair it yourself before filing an insurance claim, which could result in higher premiums paid by homeowners with both coverage options. In conclusion, understanding the differences between home warranty and home insurance is crucial for making informed decisions about your home's maintenance and protection. By choosing one or both of these services, you can enjoy peace of mind knowing that you're covered against unexpected expenses and liabilities.

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