Our real estate agents at the Masiello Group are always happy to assist current and future New England homeowners in getting the most value from their property.

That often involves pointing out resources buyers and sellers aren't aware of yet.

A prime example is National Home Warranty Day, celebrated on February 10. Yes, National Home Warranty Day is really a thing – and so are home warranties.

Just about everybody has heard of homeowners insurance. After all, it's required in many cases. The home warranty, on the other hand, is not well known. That's unfortunate since a home warranty can save you hundreds of dollars in an average year.

Let's take a closer look at the two and how they differ.

What is Homeowners Insurance?

Homeowners insurance is one of the most important types of insurance for anyone who owns their own home. It protects your home, and in some cases your personal property, from disasters.

This kind of policy is valuable because the events covered can be severe. A fire could wipe out thousands of dollars in belongings and leave a home unsafe until repairs are finished. Theft may result in the loss of valuables that are difficult to replace.

However, most homeowners won't have to worry about these situations cropping up often, if at all. Sometimes, you might not use your homeowner's insurance at all during a 30-year mortgage.

A home warranty, on the other hand, often sees regular use.

What is a Home Warranty?

A home warranty is a service contract that covers parts and labor for specific home devices.

Kitchen appliances are the most common items covered by your home warranty. If your stove or refrigerator stops working, you'll be able to use your policy to cover the costs ofrepair.

A home warranty can also protect the systems that make your home more comfortable and safe. Your HVAC system or furnace will almost always be included within a good home warranty policy.

Some home electronics, such as televisions, may also be covered.

A home warranty ensures you never have to worry about being without a home item you use every day. Without a warranty, you could end up paying hundreds or thousands of dollars to replace that item, rather than investinga modest fee inrepairs.

Homeowners holding a home warranty get priority service for alltheir covered items. That's far more convenient than having to arrange and organize everything yourself – and all while working around the "missing piece" of your average day.

Do You Need a Home Warranty in New England?

In both convenience and money, a home warranty can pay for itself many times over.

No one will penalize you for not having a warranty, but many of our customers have told us they wouldn't want to be without it. There may be many different vendors offering home warranties in a given area, so comparing your options helps you find the best deal.

Having a home warranty doesn't prevent you from getting individual insurance on your prized possessions. Plus, it tends to add only a few dollars a month to household expenses. That's a small price to pay for peace of mind!

The Masiello Group is Waiting to Help You Find Your New England Dream Home

With more than 50 years of experience and 34 offices throughout the region, no one knows northern New England aswe do. The Masiello Group's experienced team provides you with the best advice and customer service from start to finish.

Contact us to find out more.