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For homeowners, deciding on what types of home protection are worth investing in can be a confusing and complicated process. Not only are there many different types of protection plans and insurance policies that you can purchase, but they also offer varying pros and cons depending on your individual situation.

The peace and mind and security of knowing you can avoid a more costly repair if one of your home systems and appliances breaks down makes it worthwhile for many people to include home protection in their monthly budget. If you’re considering a home protection plan and need some more information, read on to learn about how investing in one can benefit you and your family.

What is a home protection plan?

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There are many different types of home protection, so it’s important to understand what exactly a plan covers before you decide to invest in one for your property. Many people struggle to grasp the difference between home insurance and a home warranty or protection plan. While home insurance covers emergencies, natural disasters, and theft, it doesn’t protect you from the expenses associated with routine breakdowns of appliances or managing the repair and maintenance of household systems like your heating, ventilation, and air conditioning.

Home protection plans, in essence, are like a contract between you and a service company to have them handle the bulk of the cost and responsibility for repairs and replacements in exchange for a monthly premium. Most providers offer different levels of coverage at varying price points, so you can spend only as much as you need to cover the components that you need to be protected.

How can a protection plan benefit you?

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There are a number of benefits to investing in a home protection plan. Primarily, a protection plan ensures that if your home systems or appliances break down or require repair or replacement, you won’t be responsible for the entire cost, and have access to experts who can come to repair the issue immediately. A warranty also provides security for a home buyer in the event of complaints or the discovery of defects after the sale is complete.

Major home components like HVAC systems, plumbing, furnaces, and electrical wiring can all become safety hazards if they are allowed to fall into disrepair and if problems aren’t addressed immediately. Not only that, but the cost of routine maintenance is far lower than the cost of paying to replace an expensive appliance.

When looking for a provider, it’s necessary to do your research and make sure that you’ll be getting your money’s worth when it comes to the benefits offered in exchange for purchasing a protection plan. Companies like America’s First Choice Home Club offer reductions on costs on maintenance and the ability to choose your own technician, in addition to providing quality service and 24/7 access to booking and customer service. Make sure you understand how frequently and during what hours you will be able to make a service request, as some providers can be more restrictive.

Homeownership is an important milestone and one that many people look forward to, but it’s important that you understand the responsibilities that you’ll inherit when you own your own property. One of those responsibilities is making decisions about how to protect your home and ensure the safety of both your house itself and especially the people living in it. If you’re still on the fence, consider talking to a contractor about a free estimate before you decide. Ultimately the choice is up to you, but a home protection plan is likely to save most homeowners money and provides peace of mind that a malfunction won’t lead to a prohibitively costly repair.