Are you wondering what the difference is between homeowner’s insurance and a home warranty from Colonial Home Warranty? “Homeowner’s insurance is hazard insurance. Its coverage usually extends to items solely damaged by fire, water, wind or other disasters. A Colonial Home Warranty repairs and/or replaces properly maintained items that break down.” Basically, a home warranty covers the things you use every day that may wear down or break over time. This includes major appliances and systems. Insurance may cover some of the repair costs if you experience a roof failure due to a heavy storm, but as for the repair of your home’s utility systems and appliances you may be left out covering the costs on your own. Take a look at some other differences between insurance and warranties:
Typical Homeowner’s Insurance
Homeowners insurance is broken down into classifications, and the least costly of these only protects against named perils—that is, specifically cited incidents like fire or lightning. If your home experiences a tornado, for example, and this isn’t expressly named on your policy, you’re not covered. Other types of homeowners insurance provide provisions for homeowners who rent out rooms and keep tenants.
Depending on what policy you select, you may find that one covers personal possessions but not physical damage to the structure of a home or vice versa. One of the difficulties many homeowners run into with homeowners insurance is finding coverage for everything they need in one place—they may have to sacrifice coverage in one area to protect another.
Colonial Home Warranties
In contrast, a Colonial Home Warranty “helps protect homeowners against the expensive costs of repairs and replacements for their major home systems and appliances that have been properly maintained.” We customize plans to fit your budget and protect your appliances. In the event of an accident, your home warranty acts as an appliance warranty and can cover repairs and services to get things back in order. Here are a few reasons to get a Colonial Home Warranty:
1. No long term contract
2. No credit check
3. 24/7 emergency service
4. Plans available for every budget
5. We cover all models of equipment
6. No pre-inspection required
7. All repairs are serviced by qualified licensed contractors
These are just a few of the differences between homeowners insurance and the benefits a Colonial Home Warranty. Contact us online or call (877) 313-0001 for additional information or to purchase your service or appliance warranty today!