Question:
“When I buy a home, I’ll get homeowner’s insurance. Why would I want a home warranty?”
Answer:
Homeowner’s insurance is hazard insurance and covers items damaged in fires, by water, by wind or other covered events.
Unlike homeowner’s insurance, a home warranty covers parts of a home that can break down. These “parts” include systems (electrical, plumbing, heating, possibly a/c) and with expanded coverage can include other components (pool, spa, roof, fridge, etc.)
Should you get a home warranty? Personally, I never do when I buy. But many people swear by them.
