With the high cost of repairs and the lack of disposable income, home warranty insurance protection plans have become very popular. So are they worth the expense? I have a little personal experience with my own home and a purchased warranty so I thought I’d share my thoughts on the subject.
We purchased our current home a little over a year ago and one of the perks to entice potential buyers was an included third party home warranty purchased by the seller. I have to …

Homeowners insurance is a necessary product for your home, and in fact is required by nearly all mortgage lenders in order to protect their investment (your property).  A home warranty is a supplemental, optional type of coverage that can protect the homeowner against home systems (HVAC / Roofing / Etc) and appliance failures and spare the homeowner the replacement cost.
Homeowners insurance covers personal belongings and the entire house in case fire, theft, or natural disasters such as lightning, a tree falling, heavy snow …

A home warranty is there to help protect you the seller. The home warranty also offers some insurance to the buyer of the home.
Normally whenever you apply for a mortgage loan, most lenders require that you have proof of insurance on your home. Often times what you think you are covered for, is not included in your policy, and things like electrical problems, heating and mold infestation are not covered. This can be stressful and these kinds of additional expenses will certainly not be …