{"id":8207,"date":"2021-11-04T12:00:19","date_gmt":"2021-11-04T19:00:19","guid":{"rendered":"https:\/\/blog.neighbor.com\/storage-blog\/?p=8207"},"modified":"2024-01-29T17:12:33","modified_gmt":"2024-01-30T00:12:33","slug":"home-warranties-101-what-does-home-warranty-cover","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/home-warranties-101-what-does-home-warranty-cover\/","title":{"rendered":"Home Warranties 101: What Does a Home Warranty Cover?"},"content":{"rendered":"\n

Homeowners spend time, money, and resources to ensure their property is well-maintained. They pay for service calls for their appliances and annual maintenance<\/a> for their home systems to keep them in good working order. Some people also buy home warranties to cover these expenses.<\/p>\n

These service plans can help homeowners avoid these costly repairs. In this complete guide to home warranties, you’ll learn how these plans can help pay for service calls, repairs, and replacements for appliances and home systems. We’ll also give you five tips to help you identify home warranties that are best for you.<\/p>\n

What Is a Home Warranty?<\/h2>\n

Home warranties are service contracts, not insurance policies. They provide homeowners with peace of mind. These plans pay for maintenance, replacements, and repairs for kitchen appliances and systems that break down. Home warranties protect property owners’ budgets from expensive repairs that can take months to pay off.<\/p>\n

They provide reassurance for homeowners that experience unexpected problems with older appliances. However, home warranties only cover appliances inside your home. These policies pay for items when they break down — and nothing more.<\/p>\n

Home warranties and a pre-home inspection<\/a> can also be an attractive real estate selling point for homebuyers in the market for a new home. Individuals searching for rental properties<\/a> also love these plans.<\/p>\n

How do you know if a home warranty will be right for you? These are ideal options for homeowners who have older appliances that are no longer under warranty. Additionally, it can help people who are on a tight budget avoid costly repairs.<\/p>\n

Homebuilders typically provide home warranties for new homes that last for the first year after their construction. Some home warranty businesses provide special warranties from recently built homes.<\/p>\n

Home warranties are excellent options for previously owned places, too, especially if they have aging appliances and systems.<\/p>\n

What Are the Differences Between Homeowners Insurance Coverage and Home Warranties?<\/h2>\n

Many people confuse homeowners insurance with home warranties since both pay for home repairs. Although both pay for issues resulting from unexpected situations, they don’t provide the same coverage.<\/p>\n

Homeowners insurance reimburses you for covered property losses resulting from catastrophic events. These incidents include:<\/p>\n