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Date Archives: February 10th, 2020

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February
10

Home Warranty - Buy a Home - Remerica Hometown Realtors

February 10th is National Home Warranty Day and, believe it or not, it may just be the most important holiday of the year for homeowners. Our REALTORS® understand that the homebuying process can feel like an overwhelming endeavor. With so many important decisions to make, we believe that all homebuyers should be aware of as many elements of this transaction as possible — one of which is when a home purchase warrants a home warranty. Let's define what a home warranty is, why some homeowners purchase one while others do not, and how to determine whether or not you'll need to purchase a home warranty for one of our Ann Arbor homes for sale.

Is Home Insurance the Same as a Home Warranty?

When you purchase a product, many manufacturers or businesses give you the opportunity to sign up for a warranty or insurance on the item. Sometimes a warranty is provided for free while an insurance plan requires an additional purchase.

So, what is the difference between a warranty and insurance when it comes to buying a home?

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