My name is Eric Bowman, and if you have questions about insurance, this is the blog you need to read. I was always confused when I had to purchase insurance. I would either end up paying for insurance I didn't need or I wouldn't buy the right policy. I finally decided that I was going to learn all I could about insurance policies so that I would understand exactly what I was buying. Now, I am completely satisfied with my insurance and the coverage is just what I need. I realized that there are others who are probably just as confused as I was, so I am writing this blog to help others get the best insurance for their needs and budget. I hope that my blog gives you the information you need to make the right choices when purchasing insurance.
Buying a home warranty is not the same thing as purchasing home insurance protection for your home, but a home warranty is still an important thing to have. A home warranty will offer protection over things in your home that are not covered by your home insurance policy, and here are some of the benefits you can experience if you have a home warranty.
You can get coverage for all the systems and appliances you currently have
The best thing about having a home warranty is that you can feel confident knowing that everything in your home is covered under warranty of insurance. A home warranty fills in the gaps where home insurance lacks coverage, and this primarily involves offering coverage on your home's systems and appliances. You can choose what the home warranty covers, and you can choose to have it cover every appliance you own, the HVAC system in your home, and a swimming pool if you have one. You can know that all these parts of your home are fully protected if they break and need repairs.
You can avoid large unexpected expenses
The second benefit of having a home warranty is the way it protects you against large unexpected expenses. If, for example, your furnace stops working, you could have a company repair it for a small fee. If you did not have a home warranty, you would pay the full bill, which could be hundreds or thousands of dollars. You will not have to worry about these large types of unexpected expenses if you have a good home warranty plan.
The cost for this coverage is very affordable
The other benefit is that you can purchase a plan like this for a very small amount of money. On average, people pay between $319 to $894 for an entire year of coverage. While this is an extra expense, you can budget it in. Some companies allow you to pay by the month for the coverage, while others might require paying for half a year or a full year in advance. In either case, buying a home warranty is not expensive, especially considering the coverage it offers to you.
As you can see, having a home warranty offers you extra protection over your home and finances and is a very affordable type of coverage to have. To learn more about home warranties, talk to home insurance companies like Boone Ritter Insurance today.