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What Is The Difference Between A Denver Home Warranty and Homeowners Insurance

When purchasing a new home, it’s important to do in-depth research on all facets of the home buying process. One thing you’ll need to understand is how to best protect yourself and your investment if anything were to go wrong. Check out the information on home insurance versus home warranty below to educate yourself on your options.

Home Insurance

Homeowners insurance pays for any accidental damages and loss that are caused by fire, lightning strikes, windstorms, and hail, however, damage from earthquakes and floods is typically not covered. It also covers the replacement of personal property in case of theft or damage and liability if a person were to get injured in your home or on your property. According to American Home Shield, the average annual cost of a homeowner's insurance policy ranges between $300 and $1,000, and the bank usually asks you to obtain a policy before the mortgage is issued. Make sure to keep in mind that each type of coverage in the policy is subject to a limit and, in most cases, you will have to pay a deductible.

Home Warranty

A home warranty is designed to cover the cost of repairs and replacements of larger appliances and crucial systems in your home that may fail or break due to age and wear and tear. This includes but isn’t limited to HVAC, electrical, or plumbing components, kitchen appliances, and your washer and dryer. With a home warranty, you are required to pay premiums year-round, even if you do not use it, and it won’t cover damages if appliances were not maintained properly or if the damage is from a fire or other disaster.

 Home For Sale In Denver CO

If you are looking for a home in the Denver or Parker area, or thinking of selling your home, please feel free to start your home search here at, or if you have questions reach out to me at 623.210.0902. I'd be happy to assist with answering any questions about your home search or about selling in this crazy market.  I have helped hundreds of clients get their homes sold fast and keep thousands of dollars in their pocket.  Reach out and request a consultation where we can discuss how we can move you through the process as seamlessly as possible.  Looking forward to speaking with you soon.

Doug Young
M: 623.210.0902
O: 720.600.2182

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