February 10th marks National Home Warranty Day, and we’re here to talk about the advantages of having a home warranty plan, and why you should have homeowner’s insurance as well. In this day and age, our homes are filled with all kinds of exciting gizmos and gadgets that make our lives easier. Our appliances, and even HVAC systems, can be monitored and adjusted through technology, making it simpler for us to track important metrics and analyze our usage, and more. However, this also means that these machines can break down, leaving us up a creek without a paddle, unless you have a home warranty plan.
So, what is the difference between a home warranty plan and homeowner’s insurance? Well, unlike homeowner’s insurance, a warranty plan covers the cost of repairing or replacing an item due to normal wear and tear of the machine or system. These systems include washers, dryers, garbage disposals, refrigerators, air conditioning, stove, oven, hot water heater, and even garage doors, among other small appliances. Remember when your brother in law tried to put a beer cap down the sink and in the garbage disposal? That’s a perfect situation for a home warranty plan. Having a home warranty plan can save you a lot of trouble when it comes to having a repair service booked, or even the paperwork involved in receiving a new unit. Deciding whether or not to have one is easier if you ask yourself how many times a major appliance or system glitched on you in the last year. If it’s more than once, then the decision is straightforward and easy: get one.
So, why then bother with homeowner’s insurance? Purchasing your home is likely the biggest investment you’ve made. A homeowner’s insurance policy protects that very investment by covering any accidental damage to your home and belongings due to theft, storms, fire, and natural disasters. The physical home and its materials are important, but so are your precious belongings that you fill your home with. When an accident happens, you may find yourself wishing you had coverage for your beloved furniture, collectibles, and special memories. Of course, if you can swing it, you should have both a warranty plan and a homeowner’s insurance policy, but in terms of protecting your bigger, more expensive, and meaningful assets, a homeowner’s insurance policy definitely trumps a warranty plan.
Speaking of protecting your greatest investment, it’s worth mentioning that SOGO Insurance specializes in providing you the best options for home insurance depending on what exactly you need. Sometimes life comes at us with problems bigger than a simple appliance repair. We won’t waste your time offering up policies that are either not good enough or way too expensive for these occasional disasters. Over a fairly quick phone call, or visit to our website, you can share a few details about your home, and we’ll take it from there. Home insurance doesn’t have to be a scary or complicated matter. Let our seasoned agents discuss the options with you.
In case you missed it: Check out “There is Insurance for your Classic Car” to understand the importance of having a specific type of Insurance for your Classic Car.