Homeowners Insurance vs. Homeowners Warranty

When buying a home you hear a lot of terms that may be new to you, or can be a little confusing. For example, you will be asked about homeowners insurance and homeowners warranties. Wondering what the difference is between the two? According to progressive.com, a home warranty plan protects the appliances and systems in your home: major home appliances, electrical, plumbing, and HVAC systems. Unlike your homeowners insurance policy, which protects your home from covered perils, a home warranty is a service contract that covers general wear and tear.

Homeowners Insurance:
* required when purchasing a home with any type of loan
* several factors determine the cost of your homeowners insurance policy, including location, size and condition of the home, the amount of coverage, and more. The average home owner’s insurance policy in the US is $1428 (bankrate.com)
* buyer can shop for their own policy! (pro-tip, ask your agent to recommend and insurance broker that can find the best rates at no cost)
* paid for at closing as part of the closing costs
* updated every year by buyer/owner of home, remember to update your insurance value if you make upgrades or renovations to the home!
* Homeowners insurance typically covers your dwelling, other structures on your property, personal property, personal liability, medical payments to others, and loss of use costs.

Home Warranty:
* this is an optional service, and can be purchased by buyer or paid for by seller at closing
* plans typically start at $300/year, you will also pay a service fee for any service calls to have the appliance or system
* is a service that typically covers appliances and systems in your home
* is purchased or updated yearly
* the warranty company may only allow certain service companies to estimate and/or complete the requested work in order for the warranty to cover the repair

Kandida Reynolds

Kyleign Gleason

Real Estate Agent

Born and raised in Texas! I was born in Arlington and soon moved to Grapevine when I was younger, I have called it home now for the last 15 years. I have always worked in retail and love all things fashion. Growing up, I’ve seen what a power house my mom has become through real estate and all the opportunities it offered her and our family. Working in real estate has caught my attention and interest; I cannot be more excited to start my journey. I think helping people find their dream home, investment home, starter home, or even temporary home is such a wonderful thing. It really is an amazing experience to be a part of and I’m looking forward to soon being able to be that person who gets to help!

Kandida Randall

Agent | License ID: 0741017

Choosing a career in real estate has been one of the best decisions of my life. I have lived in several cities across the metroplex so no matter where you are looking, I am able to provide guidance and advice. I have had the joy of helping dozens of families buy, rent or sell their homes. My clients may be first-time home buyers that are excited to start this incredible journey, sometimes they are family or friends that need to sell the home they’ve lived in for 20+ years… no matter what, I’m deeply humbled that they trust me to lead them through this process and I would be honored to help you as well! ​​​​​​​​​​​​​​​​​​​​​

Elizabeth Gleason

Agent | License ID: 0613248

Knowledgeable, Trustworthy, Dedicated. Elizabeth Gleason moved to the DFW area in 2000. She currently resides in Grapevine with her family. Passionate about serving people, Elizabeth launched her real estate career in 2009 after working in an upscale fast-paced corporate environment. Her hard work, charisma, true passion for helping others has helped Elizabeth’s reputation as a qualified real estate agent rise quickly. Elizabeth specializes in all facets of the real estate business, she works with buyers, sellers, renters, investors and in commercial. “It is such a privilege working with clients while doing something I love. I look forward to walking this journey with you.” In her free time, Elizabeth enjoys hosting family and friends, volunteering, and attending local events.

2021 Real Producers Top 500 • 2021 #9 Top Producer • 2021 #4 Closed Listings • 2021 #5 Closed Buyers • 2021 Real Producers Top 500 • 2021 Humaniarian of the Year • 2021 D Magazine Best of Realtor • 2020 Real Producers Top 500 • 2020 #8 GCI • 2020 #4 Closed Buyers • 2020 Group of the Year • 2020 D Magazine Best of Realtor • 2020 Feature in Top Agent Magazine • 2019 Real Producers Top 500 • 2019 D Magazine Best of Realtor • 2019 #3 Top Producing Agent • 2019 Million Dollar Producer • 2018 D Magazine Best of Realtor • 2017 D Magazine Best of Realtor