If you're an owner or investor with a rental property, you may be thinking of all the ways you can protect that property and reduce your costs of ownership. Among the options many property owners consider is buying a home warranty. The thinking behind this is that a warranty means they don't have to repair something if it breaks down, and they can have lower expenses and more peace of mind. Is buying a home warranty worth it? In some cases, it might be, but it's not necessarily the best choice in many circumstances. In fact, there are plenty of times when a warranty doesn't cover particular items or might not pay out much for repairs.  Here's what to consider if you're thinking about buying a home warranty for your rental property so that you can make an informed and financially conscious decision.