Should You Have Home Warranty And Home Insurance?

​Do you want to protect your home against unforeseen events? To do that, you have to get your house insured. Thus, in doing so, you might have heard about home warranty and home insurance. Now, can you have both? To find out the answer, keep reading.

Definition Of Home Warranty?
A home warranty is a maintenance service contract that can help you repair home systems and appliances. If these are covered under your plan breakdown, your home warranty will send a maintenance specialist to help fix the problem. You can receive a home warranty after signing a real estate contract.

What Does Home Warranty Cover?
A home warranty will cover plans for new and pre-owned houses. There are three types of plans that are offered;

1. System plans
   This plan includes HVAC, plumbing, and electrical.
2. Appliance plans
   Under this are your appliances, namely, rice cooker, washing machine, fridge, and others.
3. Combination plan
   The combination plan will include appliance and system plans. 

Aside from these three plans, your warrantor will also offer different plans for specific items not included in those mentioned above.

Definition Of Homeowner’s Insurance?
A homeowner’s insurance covers any damages or losses on a home. A standard homeowner’s insurance will cover four important aspects;

1. Liability
   The first is liability protection which aims to cover any legal or medical costs if someone is injured inside your property.
2. Coverage for personal belongings
   Next is coverage for items like clothes, personal gym equipment, and other personal things which might be stolen or destroyed.
3. Coverage for home structure
   The third coverage is for repairs on the property like the garage, veranda, view decks, and gazebos.
4. Additional expenses
   The last is additional expenses if you need to move out of the house because it’s not suitable for living.

What Does Home Insurance Cover?
The insurance covers your home against the following disasters and perils;

• Smoke
• Explosion
• Theft
• Vandalism
• Falling objects
• Volcanic eruption
• Fire and lighting
• Hail and windstorm
• Snow
• Riot
• Damage caused by aircraft and cars

Conclusion
Suppose you want to add another protection to your home; you can have a home warranty along with your homeowner’s insurance. This way, your investment will be covered from perils, and you don’t have to worry too much.

At Hayek Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (805) 496-8835. Get your free quote today by CLICKING HERE.  Topics and coverage in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!