A Few Tips for Choosing a Home Warranty Plan
Home warranty plans can give homeowners fantastic peace of mind. However, some people may have some misconceptions about what they actually do. Here is an explanation of what a home warranty is and some questions that homeowners should ask before getting one. What is a Home Warranty? Some people may not understand the difference between a home warranty and homeowners insurance. It is very important to understand the distinction between the two, since they are not the same thing. Rather than replace homeowners insurance, home warranties complement it. Homeowners insurance covers household items that are damaged in a fire or another disaster. More often than not, it does not cover items that stop working due to age or regular use. This is where a home warranty comes in—it covers a homeowner when something breaks down from wear and tear. For example, suppose a refrigerator shuts down. Instead of buying a new one, someone with a home w