Owning a home comes with several unexpected expenditures, which are not always covered by your homeowners’ insurance. In such cases, it proves handy to opt for a home warranty insurance plan, which is designed to cover what your homeowners’ insurance doesn’t. A home warranty insurance plan is considered to be the foil to your home insurance when the certain perils that wreaked havoc on your home—water damage, earthquake, floods, or mold—are not covered by your home warranty insurance.  Here are certain things you should know about home warranty insurance plans that will help you arrive at an informed decision.

Many people confuse home insurance with home warranty, and also think that warranties are something which is included in the home insurance. But this is just a misconception since warranties are taken to insurance your appliances and protect against repairs and replacements if need, while a home insurance is taken for the entire home, but which does not cover appliances.

A reverse mortgage is a loan that allows individuals older than 62 to improve their financial well-being. They can convert part of their home equity into lump sum cash, fixed monthly payments, or line of credit, according to their preference. The money can be used to pay for medical bills, in emergencies, or to pay off a mortgage.

It doesn’t matter if you are renting a house or an apartment for that matter, the basics never change. Buying property and renting property are not so different after all except for the fact that in the latter, you only get possession temporarily. But the same amount of work and effort goes into renting, since there are vital things to be considered before signing that lease or agreement.

While living in a rented apartment has several advantages, it can be expensive. This is especially true for spacious houses in prime urban locations, which are always in demand. Still, it’s not impossible to find a nice place to live that’s also affordable. One may have to spend some time researching the real estate market, ask around to find leads to apartment renters, and compromise on a few things here and there.

Renting a house or an apartment for that matter is nothing short of making a big commitment, financial and otherwise. There are a number of things you should be aware of, to ask the right questions before signing the agreement. But here are a few that you must ask in order to be well informed to make the decision, of taking up the place or not.