The many benefits of home protection plans are no secret. A property is only liveable when the home systems are functional. Say for instance, can you choose to stay in a house that has no plumbing? Rural or urban, electricity is a necessity. Can you turn a blind eye to faulty electrical? It can lead to short circuits and severe damage.
Appliances are no different. A broken appliance needs to be mend before it is completely dysfunctional and must be tossed out. Whether it is fixing the impaired appliances and mechanical systems or replacing them with brand new ones, paying out fat cheques for the bills is obvious.
Not so obvious though if you have a home warranty coverage in place. Wondering why should you invest extra when you already have home insurance for the said property? Well, home insurance certainly has its perks and is legally mandatory in many parts of the globe. A home warranty is unfortunately neglected and deemed unessential. While in reality, a home protection plan comes handier than traditional home insurance.
Home protection plan and home insurance - The difference!
Paying for home insurance is mostly legally binding when you purchase a new property. Insurance offers great coverage on home systems, appliances and pretty much all things essential in a home. The big question though is when does home insurance come of use?
The value of your insurance policy and coverage kicks in only when the insured property undergoes damages on a large scale. For instance, if there’s an earthquake, a tornado, or a flood that has knocked down everything. Not only natural disasters, but home insurance also comes to your rescue when a catastrophic fire has broken out or your home has been left vandalized and ruined due to serious events of robbery.
Now, do you wish to pay witness to any of these unfortunate circumstances? Guess not! What about the regular wear and tear? A machine could break down out of the blue. The HVAC system in your home can blow out and be ruined. Footing bills of repair for such pivotal mechanical systems can burn big holes in your wallet. This is where a home protection plan comes to aid.
Whether it is once in a year or ten times, your annual service contract or home warranty will pay for the repair bills and replacements as and when needed. Getting a professional handyman in times of need is difficult. When you sign up for a home protection plan, the company takes the burden off your shoulders. All you need to do is call up and report the issue.
From assigning professionals to check and handle the faults to paying for the bills of restoration, your home warranty company does it all. Home insurance is of no good for regular repair works and replacements.
The perks of procuring a home warranty for a given property
1. Save the horrors of paying out fat cheques for big expenses. When a major mechanical system fails or blows out, restoring it back to order is a hard nut to crack. To top it off, the costs of repair are mammoth. Paying for the bills is burdening. A home protection plan keeps you safe from busting your funds. All bills of replacements and mends are settled by the company.
2. When you secure your property with a valid home warranty, it becomes a lucrative asset. Whether you are eager to put your property on the market for sale or rent it out, the chances of winning the attention of buyers and tenants are bright. You can sell off your home at a higher price and make bigger bucks. Tenants or buyers, people are always interested to get hands-on properties that need little to no work or extra investments.
3. Top-notch professional services are at your fingertips when you have a home protection plan in place. It is the job of the providing company to assist you with immediate services when a breakdown or a fault has been reported.