What is a home protection plan and do I really need one? A home protection plan is basically an insurance policy that will assist you in repairing major items that due to normal wear have broken down such as an air-conditioning unit or plumbing or electrical problems.
A home protection plan can run you about $36 a month on a normal size three bedroom two bath home. The plan will not only cover major systems in your home but could be tailored to also cover appliances. This type of plan can ease the stress and worry if you have an older home with aging appliances and major systems.
The way the plant works is you will pay a monthly premium and if you have a problem with a major system such as your central air-conditioner or electrical problems or even plumbing problem they will be covered for repair under your plan. You simply call the insurance company tell them your problem and they will select a designated contractor and send them to your home for the repairs. There will be a service charge normally between 50 and $60 but you will not have to pay for parts and labor for the repair. There are several companies offering home protection just do your research at select the plan that best fits your needs all of these plans will really give you peace of mind.