Home Insurance vs. Home Warranty: Which Is Right for Your Corpus Christi, TX Home? 

Owning a home in Corpus Christi, TX comes with both pride and responsibility. Two common tools for protecting that investment are home insurance and home warranties, but they serve different purposes. Understanding how they work can help you decide which is right for your needs.

What Does Home Insurance Cover?

Home insurance is designed to help protect you financially from losses due to covered perils such as fire, theft, vandalism and certain types of storm damage. Policies typically include the following:

• Dwelling coverage may pay to repair or rebuild your home after a covered event.

• Personal property coverage may cover repairing or replacing belongings such as furniture, electronics and clothing.

• Liability protection may cover costs if someone is injured on your property or you accidentally cause damage to someone else’s property.

Home insurance is often required by mortgage lenders and plays a key role in safeguarding against large, unexpected expenses.

What Does a Home Warranty Cover?

A home warranty is a service contract that may help cover the cost of repairing or replacing household systems and appliances that break down due to normal wear and tear. Coverage often includes the following:

• Major systems, such as heating, cooling, electrical and plumbing systems

• Appliances, such as refrigerators, ovens, and washers and dryers

Unlike insurance, a home warranty does not cover damage from hazards such as fire or storms, and it’s optional, so is not required by lenders.

Which Option Is Right for You?

Home insurance is necessary for most homeowners because it addresses catastrophic losses and liability risks. A home warranty can be a helpful add-on if you want predictable repair costs for older systems and appliances. Some homeowners choose both for more comprehensive coverage.

Get Coverage Today

Every home and household budget is different. An experienced professional at All American Hallmark Insurance LLC can help you review your risks, compare policies and determine whether a home warranty, home insurance or both are the right fit. Contact us today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.