Homeowners' insurance and home warranties are two different types of coverage that protect homeowners in different ways: Homeowners' insurance protects your property from damage caused by natural disasters, fire, theft, and more. It covers the cost of repairing or replacing your home and personal belongings while providing liability protection if someone is injured on your property. Home warranties cover repairs and replacements of major system components and built-in appliances. They're meant to protect homeowners from unexpected breakdowns and repairs not typically covered by homeowners' insurance. Both types of coverage are valuable and provide different types of protection for your home.