If you own a home you likely have home insurance. If you have a mortgage on your home, more likely than not you are required to have home insurance. This insurance is vital to you and your lender; it protects both of you from catastrophic loss in the event of major damage, such as from storms or fire. So why is a home warranty necessary?
A great way to think of home insurance is that it protects you from things that MIGHT happen. While a home warranty protects you from things that WILL happen. So why is home insurance required and an warranty is not? Your home loan lender requires you to carry insurance so they can be repaid should the unthinkable happen and your home is a total loss. Home warranties, while they do not cover fire or storm damage, they do cover much more common problems that we all experience at some point. If you own a home you hopefully will never have major damage to your home from storms or fire, but you will definitely have appliances or home systems break down or wear out. That is where Wolverine Home Warranty comes in.
When home systems, appliances, or covered electronics stop working your home warranty will help cover the cost of repair or if necessary replacement. Financially speaking, there is rarely a good time for your furnace to stop working, requiring you to fork out thousands in replacement costs. Many repair companies will offer financing, which often is through a third party, and at such a high interest rate the total cost nearly doubles.
A Wolverine Home Warranty will give you peace of mind, as well as financial security. The cost of a home warranty is predictable and the amount of coverage you desire is completely up to you. When a breakdown does occur your costs are minimal to get things working again, which means you are not left to absorb high unexpected expenses.
While a home warranty is different from home insurance, both are vitally important. Home warranties cover all the things most people assume a home insurance policy should cover, but don’t. Contact Wolverine Home Warranty today, get covered, then rest easy. We are always here to help!