Homeowners Insurance and Home Warranties do not cover the same things.
You do not want to file a homeowners claim for an issue that your home warranty will cover.
Homeowners Insurance:
Your insurance policy covers things such as fire damage, water damage, damage caused by a storm, and so on. You will want to read through your policy to understand the specifics of what your policy covers.
Let's say your water heater leaks heavily or even bursts. In our area, water heaters are usually located in your attic. This can potentially cause a great amount of damage. Your insurance policy should cover this damage.
Consider the following: You're cooking and a kitchen fire erupts. Your homeowners insurance policy will likely cover the damage created by the fire and smoke.
Our recent 2021 ice and snowstorm in Memphis caused damage to a mass amount of homes. Small structures collapsed due to the weight of the snow, roof leaks were prevalent, and water pipes began to burst in homes causing water damage. Insurance companies consider these weather/storm-related damage.
A good rule of thumb is to think, is the damage to my home Sudden & Accidental?If so, your homeowners insurance will likely come into play.
Your homeowners policy will not cover damages due to normal wear and tear. That would be a home warranty.
Note: Earthquakes and floods aren't usually covered losses. You will want to discuss if you have these coverages with your local insurance agency.
Visit the U.S. News website for information on how homeowners insurance works. Click here
From the U.S. News 360 website: "U.S. News 360 Reviews takes an unbiased approach to our recommendations. When you use our links to buy products, we may earn a commission but that in no way affects our editorial independence."
Home Warranty:
A home warranty is not related to a homeowners insurance policy. This would be an additional purchased service and what they cover varies. A home warranty will help cover the cost of repair for normal wear and tear to appliances and systems.
Check out this U.S. News website for more information about home warranties and what they cover. Click here
This U.S. News website also offers information about how a home warranty works. Click here
From the U.S. News 360 website: "U.S. News 360 Reviews takes an unbiased approach to our recommendations. When you use our links to buy products, we may earn a commission but that in no way affects our editorial independence."
In short, think...
Homeowners Insurance Policy
Sudden and accidental damage
Home Warranty
Normal wear and tear
This blog absolutely doesn't cover every aspect of this topic but I believe it can be a good start. Hope all goes well for you!
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