10. I Have Homeowner’s Insurance, Then Why Do I Need A Home Warranty?
Homeowner’s insurance protects personal belongings and the entire house from damages due to burglary, crimes or natural disasters such as fire, lightning, tree fall and certain other explicitly mentioned perils, but it does not cover issues caused due to wear and tear or age. Home warranty plans cover your household appliances and systems from breakdowns and puts less risk on your budget. When an insured device malfunctions, it is either repaired or replaced by the warranty company.