Home insurance and home warranties serve different functions for homeowners. Home insurance provides coverage for the home and its belongings against unexpected damage due to events like natural disasters, and it is mandatory for mortgage approval. In contrast, home warranties cover the repair and replacement of appliances and systems due to normal wear and tear, and they are recommended but not required. Understanding the differences between these options helps ensure complete coverage for homeowners and buyers.
Home insurance covers the home and other structures while providing protection against damage from unexpected events, such as natural disasters, requiring it for mortgage approval.
Home warranties are designed for appliances and systems subject to normal wear and tear, providing coverage for repairs and replacements that arise over time.
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