Homeowners Insurance Beverly Hills, California 90209 | Home Insurance vs. Home Warranty

Homeowners Insurance Beverly Hills can be a guide throughout your home insurance queries. And many people may think that home insurance and home warranty are the same. However, that’s not the case. Homeowners insurance and home warranty are two types of coverage that homeowners may consider purchasing to protect their homes and belongings. Homeowners insurance is a type of insurance policy that covers unexpected events such as damage to the house due to fire, theft, or natural disasters. On the other hand, a home warranty is a contract that covers the repair or replacement of major home systems and appliances that may break down due to normal wear and tear.

Understanding Homeowners Insurance and Home Warranty with Homeowners Insurance Beverly Hills

Home insurance policies like Homeowners Insurance Beverly Hills typically cover the home’s structure, personal property, liability, and additional living expenses if the house becomes uninhabitable. Moreover, mortgage lenders require you to have homeowner insurance policies generally renewed annually.

On the other hand, a home warranty may cover systems such as plumbing, electrical, and heating/cooling, as well as appliances such as refrigerators, ovens, and washing machines. Home warranties are typically purchased separately from homeowners insurance and usually have a term of one year. Get a free home insurance quote today with Homeowners Insurance Beverly Hills

Homeowners Insurance Beverly Hills: Key Differences Of Homeowners Insurance and Home Warranty

There are a lot of differences when it comes to home insurance policies and home warranties. Here are the key differences between a home warranty and home insurance:

Home warranty

Covers repair or replacement of specific home systems and appliances due to normal wear and tear.
Has a term of one year and must be renewed annually.
Typically covers systems such as plumbing, electrical, and heating/cooling, as well as appliances such as refrigerators, ovens, and washing machines.
May require a service fee or deductible for each claim.
Is optional and not typically required by mortgage lenders

Home insurance

Covers unexpected events such as damage to the home due to fire, theft, or natural disasters
Must be renewed annually.
Typically covers the structure of the home, personal property, liability, and additional living expenses if the home becomes uninhabitable.
May require a deductible for each claimIs typically required by mortgage lenders

While both homeowners insurance and home warranties can provide significant protection for homeowners, it’s essential to understand the differences between the two types of coverage. Homeowners’ insurance covers unexpected events that may cause damage to the home or personal property. In contrast, a home warranty covers repairing or replacing specific systems and appliances that may break down due to normal wear and tear.

Homeowners may purchase both types of coverage to ensure comprehensive protection for their homes and belongings. Get a free home insurance quote today with Homeowners Insurance Beverly Hills. One of our agents can assist you with all your queries.