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Understanding The Advantage Of An Insurance Plan Over A Warranty Cover
Homeowners often confuse between a warranty and insurance plan for home appliances and systems. These two are definitely distinct in many ways such as terms and conditions, and coverage costs. Warranty just offers cost protection on the repair and replacement cost of home appliances, including electrical and plumbing fixes. However, there is a wide range of eligibility criteria that have to be met in order to make a claim under warranty. On the contrary, a home insurance ensures the protection of all appliances and systems of your home, as well as other valuable, in case of major damages due to either man-made or natural disasters. These insurance covers also cover liability protection against any third-party legal suits.
While warranty has a certain amount of benefits, the more comprehensive benefits of a home insurance policy ensure:
While the occurrences of such events may not be frequent, still having an insurance of your home can come in handy at any given point of destruction. These covers can help homeowners recover substantial loss which might otherwise be difficult to handle.
Some of the most common benefits of getting a home insurance are:
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