Buying land and hiring a contractor to build your home can be exciting. It allows you to create a custom house that meets your exact specifications. It can also be a great alternative to trying to find housing in a market with limited options and high prices. However, you’ll want to have a structural home warranty policy to protect your new investment.
What’s a Structural Home Warranty Policy?
A structural home warrant policy covers essential structural components in your home. These components include the home’s roof, foundation, and flooring. The contractor is legally obligated to repair the damage if the quality or materials used in the construction process are defective. At the same time, structural home warranties cover damage caused by wear and tear. This includes soil expansion, which may strain the home’s foundation and walls.
What’s the Difference Between a Structural Home Warranty Policy and Home Insurance?
A home insurance policy likewise covers essential structural components in a Northwest Arkansas home. However, home insurance only provides compensation in the event of a natural disaster such as a fire, tornado, or thunderstorm. It won’t cover construction defects or problems related to wear and tear in the home or soil movements. What’s more, if your home insurance company finds that regular wear and tear is responsible for post-disaster damage, you may get less compensation than you’d hoped for.
Get Professional Help from Adams Insurance & Financial
To completely protect your Northwest Arkansas home, you need a structural home warranty policy and homeowner’s insurance policy. Adams Insurance & Financial can help you review your policy options and pick the coverage that best meets your needs. Contact us to find out more about our services or get a quote.
