What You Need To Know About Home Warranty Coverage

Your home warranty is a contract between you and an insurance company that protects your dwelling from certain types of damage. This can include issues such as leaks, electrical problems, plumbing repairs, and more.

You may also want to consider getting additional coverage for items like appliances, HVAC systems, and pest control services.

Types of Home Warranties

• Schedule Maintenance Warranties: These cover routine maintenance tasks such as plumbing, electrical, and HVAC system repairs. They typically have a set schedule for when they need to be performed, but may not cover unexpected issues.
• Accidental Damage Warranties: These cover damage caused by accidents or events such as floods, fires, or theft. They can provide quick cash for repair or replacement.
• Total Loss Protection Warranties: These cover total losses due to events like natural disasters, fire, or theft. They often have higher deductibles and may require a higher level of damage to be covered.

"To determine if you need home warranty coverage, consider the following factors: * The age and condition of your home * Your budget for repairs and replacements * The cost of maintenance and upkeep You can also consult with a financial advisor or insurance professional to get personalized advice on whether home warranty coverage is right for you. "Please note that this article is intended as educational content only. It is not intended to be used as the sole source of information for making important decisions, such as purchasing home warranty coverage."