Advertiser Disclosure

Understanding The Advantage Of An Insurance Plan Over A Warranty Cover

Understanding The Advantage Of An Insurance Plan Over A Warranty Cover Finance

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:

  • Protection of both the contents and the structure of the house
  • Protection of furniture (indoor and outdoor) and clothes
  • Protection of home electronic appliances such as TV, refrigerator, computer, theatre system, etc
  • Full or limited protection cover for jewelry (depending on eligibility criteria)
  • Compensatory accommodation and livelihood payments in case of complete destruction of the home
  • Claims in case of theft, vandalism, lightning, windstorm, fire, hail, etc.
  • Liability protection against anyone who wants to sue you in case of injuries sustained on our property

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:

  • The premiums are easy to renew with a simple annual or bi-annual payment depending on your convenience.
  • The insurance protection applies to all forms of possession be it new or old.
  • Provides the sense of security and a feeling of safety even at the face of an unforeseen calamity.
  • Covers all forms of damages at a house in all possible angles including simple expenses like a broken window.
1072 VIEWS

top rated cards

Citi® Double Cash Card – 18 month BT offer

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi ThankYou® Preferred Card

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi Simplicity® Card - No Late Fees Ever

cards
  • Purchases Intro APR
    15.74%
  • Regular APR
    15.74% - 25.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi® Diamond Preferred® Card – 21 Month Balance Transfer Offer

cards
  • Purchases Intro APR
    14.74%
  • Regular APR
    14.74% - 24.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0
Investments

10 Best Investment Options That You Should Know

As the cost of living increases with each passing day, investing our incomes has become a must. However, one requires that the returns of this hard earned money be substantially good with low chances of possible risk. Although it is true that the exp...
1612 VIEWS
Payday Loans

All You Need To Know About Cash Advances

If you are in need of a short-term loan, then you can lend money from cash advance lenders. This system generally exists online, and many lenders are willing to lend money. Best rates for online cash loans are available and may vary from site to sit...
1308 VIEWS
Credit Cards

Best Gas Credit Cards

We deal with gas on our daily. It is one of our essential elements of the day; gas is being used for way too many purposes which are just hard to list. And indeed it is an undeniable fact that the gas rates are reaching heights. Every month there ...
2362 VIEWS