What Do Home Protection Plans Cover?

A home protection plan is a service contract designed to protect homeowners from the financial burden of unexpected repairs and replacements. It covers a range of appliances and systems within your home for a monthly or annual fee.

What Does a Home Protection Plans Cover?

While specific coverage can vary between providers and plans, home protection plans can cover:

• Major Appliances: Refrigerators, dishwashers, ovens, ranges, microwaves, garbage disposals, washing machines, and dryers.
• Major Systems: Heating, ventilation, and air conditioning (HVAC) systems, plumbing systems (including water heaters and sump pumps), and electrical systems.
• Service Lines: Water, sewer, electrical, and gas lines.

How Does a Home Protection Plan Work?

When a covered appliance or system malfunctions, you simply contact your home protection plan provider. They'll arrange for a qualified technician to diagnose and repair or replace the issue, up to the coverage limits of your plan.

Benefits of a Home Protection Plan

• Peace of Mind: Knowing you're protected from unexpected repair costs.
• Professional Service: Access to a network of trusted technicians.
• Financial Security: Avoid costly repairs and replacements.
• Convenience: Hassle-free claims process.

Things to Consider Before Buying a Home Protection Plan

• Coverage Limits: Understand the maximum amount your home protection plan will cover for a specific repair or replacement.
• Service Fees: Some plans require you to pay a service fee for each claim.
• Waiting Periods: There may be a waiting period before coverage begins.
• Exclusions: Be aware of what's not covered by your plan.
• Pre-Existing Conditions: Many warranties exclude pre-existing issues.

Home Protection Plan vs. Homeowners Insurance

While homeowners insurance protects your home from damage caused by events like fire, theft, or natural disasters, a home protection plan covers the cost of repairing or replacing appliances and systems due to normal wear and tear.

Is a Home Protection Plan Right for You?

Consider these factors when deciding if a home protection plan is a good fit:

• Age of Your Home and Appliances: Older homes and appliances are more prone to breakdowns.
• Budget: Weigh the cost of the home protection plan against potential repair costs.
• DIY Skills: If you're handy, you may not need a home protection plan.

By understanding the benefits, limitations, and costs associated with a home protection plan, you can make an informed decision about whether it's the right choice for your home.