Q:  You talked about home warranties recently. Why would a buyer or seller need a home warranty if they have homeowner’s insurance?

A:  Great question – thanks for asking! People are often confused on this point. Homeowners insurance provides coverage for catastrophic natural and unnatural hazards and/or accidents … such as damage that arises from fire, flood, and theft. Compare this to a home warranty policy, which is designed to address malfunctioning or damaged appliances and systems.