Is Home Insurance the Same as a Home Warranty?

Home Insurance and Home Warranty: Understanding the Difference

At Ottawa Insurance Agency serving Zeeland, MI, we prioritize the protection of homeowners’ investments. There’s a common myth circulating that home insurance and home warranties are the same products, but this is not true. Despite both services playing pivotal roles in maintaining home assets, they serve distinct purposes and cover different aspects of home ownership.

Defining Home Insurance

Home insurance, also known as homeowners’ insurance, safeguards the value of your property against loss and damage from various incidents, including fire, storms, theft, and vandalism. Your mortgage lender necessitates home insurance to protect their stake in the property. However, retaining coverage even after settling a mortgage offers an added layer of financial protection.

What Does a Home Warranty Cover?

A home warranty operates like a service contract. It’s designed to cover the repair and replacement costs of major home systems and appliances degrading over time due to wear and tear. Warranties can be particularly beneficial for items that frequently break down, such as HVAC systems, plumbing, electrical systems, and kitchen appliances. It’s noteworthy that a home warranty doesn’t cover the physical structure of a home but rather some of its contents and utility systems.

At Ottawa Insurance Agency serving Zeeland, MI, we recommend homeowners maintain both home insurance and a home warranty. This ensures comprehensive coverage for both the property itself and its major appliances. For more information, get in touch with us today.

How Home Insurance Protects Against Storm Damage

Admittedly, even the best home insurance policy our agents at Ottawa Insurance Agency can put together can’t control the weather and thus can’t prevent storm damage from happening. But what our insurance policies can do is help homeowners get back on their feet fast, ensuring storm damage is promptly taken care of and not sitting and leading to more costly repairs further down the line.

Not sure? Consider the following ways a strong home insurance policy can protect one of your greatest assets, your home:

How Home Insurance Protects Against Storm Damage

When a storm hits your Zeeland, MI home, the first thing is to get safe. Then, after it has passed, you want to do what you can to assess the level of damage. Take pictures and start documenting. Then, call your insurer who will help ensure you get the finances you need to repair or even rebuild your home.

A good home insurance policy will help get you back on your feet by offering the following coverage:

  • Dwelling Coverage that insures the physical structure of your home, including flooring, walls, and roofing.
  • Personal Property Coverage that insures sensitive, valuable, and expensive personal belongings, including electronics and clothing.
  • Additional Living Expenses Coverage that offers reimbursements on money you might need to spend while your home is being repaired or rebuilt, including lodging and partial food costs. 
  • Debris Removal Coverage that offers reimbursements on money you might need to spend to remove storm debris — which does get expensive.

Learn More About Home Insurance Options at Ottawa Insurance Agency

Ready to see all of the options on a home insurance policy covering your Zeeland, MI home? Give one of our friendly insurance agents at Ottawa Insurance Agency a call today and let’s get started!