The Difference Between Home Insurance and Home Warranty

If you are looking into protecting yourself from expensive home repair costs due to damage to your home or appliances, you may be researching home insurance plans and home warranties. But what exactly do each of these cover? To help you decide on the right coverage for your home, All My Sons Moving & Storage of Jacksonville explains the difference between home insurance and home warranty.

Home Insurance

Homeowners take out home insurance policies to protect themselves from having to pay for costly accidental damages done to their home. Home insurance policies usually cover four areas:

- Accidental damage to the interior or exterior of a home

- Personal property being lost or accidentally damaged

- Liability protection for accidental damage caused by your pets or a family member

- Living expenses if you are temporarily removed from your home due to needed repairs and/or rebuild

In order for these areas to be covered under your home insurance policy, the cause of damage has to be covered by your policy. The most common causes of damage covered by home insurance policies include fires, theft, storms, earthquakes and flooding.

Depending on where your new home is located will determine home insurance rates, as well as your obligation to have home insurance. For example, if you live in a flood zone, you may be required by your lender to have home insurance and that policy may be more expensive than a policy written for a home that is not in a flood zone.

If you have recently made a move to Jacksonville and have to file a claim with your home insurance company, you will likely have to meet a deductible before your policy starts covering damages.

Home Warranty

Home warranties are for homeowners who wish to cover appliances that are costly to repair or replace. The most common appliances that a home warranty covers include:

- Air conditioner

- Heater

- Washer and Dryer

- Refrigerator

- Dishwasher

- Microwave

- Plumbing

- Electrical system

- Pool

- Well

Homeowners can acquire a home warranty from a number of different home warranty providers and coverage usually lasts one year; upon which time it will need to be renewed. Once a homeowner selects a home warranty plan, all repairs and replacements of covered appliances are handled by the home warranty provider.

All My Sons Jacksonville movers suggest utilizing a home warranty plan after moving into your new home, as it will save you time and money searching for and screening repair service companies. However, homeowners should know that most home warranty plans do not cover hauling fees, easily replaceable appliance attachments or appliances that had problems prior to being covered.

Now that you understand the difference between home insurance and home warranty, be sure to do your research before making your move to Jacksonville and investing in a policy or plan for your home. All My Sons Moving & Storage of Jacksonville encourages you to use resources such as the internet to search for reviews and listings to find the insurance and warranty provider that fits your needs.