Home insurance vs. home warranties


Many families think that their normal home insurance policy covers them against any eventuality relating to their home, but unfortunately, this isn’t the case.

While home insurance covers many issues relating to damage to the home itself, many of the contents of a home are not covered – notably home systems and large appliances, which can cost thousands of dollars to repair or replace. Offering protection for items ranging from electronics to everyday appliances, a home warranty is a natural complement to a home insurance policy, helping to safeguard families’ budgets and daily routines.

The home insurance gap
Home insurance covers owners against things like storm and fire damage, but generally doesn’t cover appliances. This is important, because two in three Americans reported that they experienced an appliance or home system breakdown in the last year. Considering that 62 percent of respondents said that a repair of $2,000 or less would be financially devastating, mitigating this risk is essential. A home warranty can give you peace of mind, letting you know that the things you depend on for your daily routines are protected.

What does a home warranty cover?
Where home insurance stops, the coverage offered by a home warranty begins. Things like air conditioners, washing machines, refrigerators and furnaces are some of the common household items protected by a home warranty.

TotalProtect® Home Warranty offers a variety of plans, allowing homeowners to find the level of risk and coverage that works for them. A home warranty might also cover electrical and plumbing systems, kitchen and laundry appliances, water heaters or even electronic devices.

Repairing an important appliance can cost thousands of dollars, but a home warranty helps to cover these costs. A TotalProtect Home Warranty will also help you to find a qualified service provider to repair your appliances quickly and will help to replace items that can’t be fixed.

The information in this article is intended to provide guidance on the proper maintenance and care of systems and appliances in the home. Not all of the topics mentioned are covered by our home warranty or maintenance plans. Please review your home warranty contract carefully to understand your coverage.