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Home Insurance vs Home Warranty

Posted by Royal Sundaram on 02 May 2018


A sought after dream for most of the Indians is to have a home under their name. The security it provides, the pride it generates and the memories it creates is magical. And that is why you should take every precaution to safeguard this precious possession. One of the best and perhaps the most important one is to buy a home insurance policy.

While this policy has been around for quite some time, in the recent time, home warranty has gained quite the fame. Here’s a short guide to help you explain both these safeguards.


Home Insurance Home Warranty
General insurance firms offer this policy. Realty developers are the main providers of this service.
Its aim is to provide a safety cover against unforeseen circumstances. An extension of the developer’s services which acts as a warranty on the project.
This policy covers two portions—building and household articles. This policy covers two portions—structural defects and appliances.
Building portion insures structure from natural and man-made perils like storm, fire, terrorism, burglary, earthquake. It covers structural defects like waterproofing, flooring defects, faulty plumbing, uneven roof line, cement work.
The household portion insures a range of home contents against various perils. Home appliance insurance covers items such as fans, ACs, etc.
Helps insurers earn more customers because they wish to secure their home. Helps developers sell their projects because they mention warranty under the contract.
Provides policy holders with peace of mind. Buyers are assured of quality products and know any defaults come under warranty.
It’s not mandatory under any government policy or law. Included under RERA Act.


For everybody who owns a home or wishes to own one, you should read up and buy a smart house insurance. And go for projects whose home warranty coverage is for a long period of time (10 years or more).

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