Modular Home Maintenance: Home Warranty versus Home Insurance
In modular home maintenance there two things that every home owner usually acquires. These are the home warranty and home insurance. They both protect your home against the mammoth sum of repair costs. But how they are different from each other is a must learned topic.
Modular Home Warranty
A modular home warranty is a type of protection given to the home’s major structures, systems, appliances and components. This is the contract between the manufacturer and the home buyer where it guarantees the repair and maintenance of a newly built home. If in any case weeks after the completion of the home, a major system such as the plumbing system is damaged, the manufacturer will have it repaired immediately. Sometimes replacement of a system or appliances is done when the said equipments are irreparable.
A modular home warranty also known as the builder warranty covers the construction materials and service done by the worker. Sometimes issues as to whether an appliance or components in the home is included in the warranty and the like are being faced by home owners. It is then recommended to check with the company what specific items are included or covered by the warranty.
Modular Home Insurance
Home insurance reimburses the financial loss a home owner had suffered from a calamity. Fire, tornado, hurricane, burglary, and even other bizarre and unexpected accidents (airplane crashes into your roof) that could happen to your home a modular home. The home insurance is a contract that protects the structure of the house, its contents, other additional structures and personal possessions as well as property liability. Usually, the home owner with a mortgage should automatically acquire a home insurance policy.
A home owner must keen on the coverage of the modular home insurance particularly on the areas about the home structure, personal property and liability. These things are among the most valuable components of the insurance policy. An insurance policy with substantial limits is recommended to cover the house in the event that a major loss, brought by natural disasters in the property has been done. Also remember that an inventory of valuable personal belongings is a nice way to make a successful insurance claim after the wrath of a calamity. And lastly, liability coverage should be promptly done to avoid paying medical bills of those who have been hurt inside the home; and to provide legal defense in case lawsuit will be slapped to you following a tragedy in your home.
A modular home may not be seen as valuable as stick built home in terms of warranty and insurance policies, but it is your home. It should be protected by its owners as it shelters them.
“With its superior quality, energy efficiency, strong and budget friendly modular homes, Legendary Homes is one of the trusted modular home builders around Clarklake and Jackson Michigan for over 20 years of experience now. Legendary Homes helps in site location, acquisition of permits, excavation, foundation (including Insulated Pre-Cast Foundations), landscaping, breeze ways and other services needed to complete your home. As a company that prioritizes its customers, Legendary Homes allows you to customize your home. And most importantly, we assist in modular homes financing by working with the top lenders in Michigan.”
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