Posts from February 10th, 2020
The Real Estate roundup...
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Buy a house | 9 Posts
Excelsior, MN | 15 Posts
Home Safety | 1 Posts
Home Security | 1 Posts
Lake Minnetonka | 3 Posts
Owning a Home | 1 Posts
Sell your home | 5 Posts
February
10
10
Does Your New House Need a Home Warranty?
If you're out looking for Excelsior homes for sale, there's a good chance that, at some point, you'll be offered a home warranty. Maybe the seller of your new home will offer to buy one to sweeten the deal, or maybe you've started receiving offers for home warranties in the mail. Either way, you probably have two very important questions: What is a home warranty, and do I need one?
Home Warranties vs. Homeowners Insurance
Purchasing homeowners insurance has been common practice for a long time, but home warranties have also become increasingly popular in recent years. And while the two may sound similar, there are some crucial differences.
- Homeowners insurance works like any other kind of insurance, offering financial protection for you if your home is damaged in any number of ways. The specifics depend on the details of your policy, but it's typical for homeowners insurance to cover theft, vandalism, and fire damage, as well as certain natural disasters. Damage from wind and hail are usually covered, but flood damage and earthquake damage often require a separate policy.