Purchasing a home is an expensive proposition. So once you've settled on your new home, the last thing that you want to have to worry about is paying for unexpected repairs to your refrigerator, washer and dryer, stove and oven and other appliances. A home warranty insurance policy can provide some protection against such expenses for your first year in your home.

You have several options when it comes to the protection offered by a home warranty insurance policy and the premium that you'll pay for it. Some policies offer more coverage for more systems, including heating and air conditioning. Some policies may limit the amount they'll pay on repair costs for each appliance. Others may require you to pay a deductible and/or service call charge whenever you make a claim under the policy.

Before you buy any home warranty insurance policy you'll need to understand not only what's covered under the policy but also what is not. This insurance is not the same as homeowner's insurance; it does not cover your personal property and/or the contents of your home in the event of fire or theft, for example. Home warranty insurance usually excludes damage caused by neglect (you've failed to maintain an appliance properly) or from vandalism (someone deliberately breaks your washer and dryer).

To make sure that you have a good understanding of what you're paying for, ready any policy you're considering carefully and ask questions about anything that you do not understand. You don't want to be in a situation where you assume that the repair of a broken appliance will be covered but find that it's not because of some policy exclusion.

Finding Good Rates on Home Warranty Insurance
If you've very fortunate, the seller of your new home may throw in a homeowners warranty as part of the sales agreement. If you're not that lucky, however, you can still find a home warranty policy that suits your needs without breaking what's left of our bank account after settlement.

Just go to LocalInsurance.com and fill out a form requesting quotes on home warranty insurance. Within a day or two you'll get back quotes from several leading insurers in your area. All you have to do is compare policies and rates and choose the one that's best for you.

Don't take a chance on unexpected expenses for appliance repairs in your new home. Let LocalInsurance.com put you in touch with companies that can help you get the financial protection you need at a price that you can afford.