Home warranties are designed to protect your home's appliances and systems from breakdowns caused by normal wear and tear. Home insurance pays for damage and losses caused by unexpected events, such as fire and weather damage, but it won't do any good if the washing machine breaks down. Learn more about home warranties compared to a Choice policy The home warranty is an affordable and efficient solution for protecting your home's appliances and systems. An HWA home warranty protects your budget and your peace of mind against the unexpected expenses of inevitable home repairs.
For home sellers, offering the buyer a one-year paid home warranty with the purchase can provide a measure of protection against buyer complaints about any discovered problems or defects that arise after the sale is finalized. Every homeowner must understand the differences between home guarantees and home insurance for many reasons. Your home insurance policy coverages, the age of your home and appliances, and the general condition of your home systems will determine which home warranty coverage is ideal and which items might need the most protection. Make sure that everything you need to cover is present in the contract and that you're comfortable with coverage limits, replacement policies, or service frequency limits.
Like all warranties, a home warranty is supposed to protect against costly and unforeseen repair bills and provide peace of mind. Consider a home security as a financial investment in your home, because it will help protect your emergency fund. Home warranty protection is very different from homeowners insurance in terms of function and coverage. Homeowners can generally renew their home warranty contract year after year, thus ensuring that their property remains protected.
That's why homeowners may want to consider a Choice Home Warranty policy to protect their home's systems and appliances. The Basic Plan covers items such as heating and dishwashers, while the Total Plan covers the entire home and protects major systems and appliances, such as the air conditioner and refrigerator. Home warranty protection plans are designed to cover your property for a fixed period and may also include additional coverage for things like swimming pools and hot tubs if you pay more. Homeowners insurance is a necessity and provides protection in the event of a natural disaster, theft, or the like, but it does not provide protection for appliances or the main system.
Home guarantees in Virginia come in a wide range of prices, most of which depend on the amount of coverage under the chosen plan.