Owning your home is a great a feeling.  There’s nothing like the feeling you get that the place you live in belongs to you.  Not only does it give you more freedom to decorate and remodel as you please, it can also be a great investment which can help with your financial stability.  The one downside to home ownership is that if something breaks, there is no landlord to call.  You’ll be responsible for the cost of repairing it.  The right home protection plan can keep your house safe and save you money in the long run.

You can usually get a home protection plan when you buy your house and it’s an especially good idea if you’re buying your first home.  Although who pays for it will depend on where you’re buying your house it’s most often something the seller will buy as part of the contract.  This will keep the buyer from calling after the closing to complain if something breaks or goes wrong right away. 

Even if you end up buying it yourself, they’re usually not very expensive.  The most common time frame is a year, and they can range in price from $250 to $500.  That may seem like a lot of money to pay for something you may never use, but keep in mind when considering the cost, you could spend that and even more with just one major repair over the course a year. 

What a home protection plan covers will depend on which plan you buy.  They typically cover repairs or replacement of your home’s major mechanical systems like heating, air conditioning, plumbing, electrical systems, ductwork, telephone wiring, as well as major appliances, such as refrigerators and washer and dryers.   

Always consider your needs when you go shopping for a home protection plan.  It will definitely pay for you to read the fine print and be sure you understand exactly what is and is not covered in the home protection plan you’re considering.  You should also make sure you know whether there are any penalties for changing or canceling it.

There are certain things they don’t cover so be sure you understand what those are before buying one.  They usually don’t cover anything outside like sprinklers, and some won’t cover refrigerators or washer and dryers.  It’s always a good idea to make sure you understand exactly what the home protection plan covers to make sure it meets your needs.

Sometimes the company may deny a claim.  There are some reasons for this.  They may not make the repair if it’s obvious you haven’t been properly maintaining the system, or if there are code violations, an unusual amount of wear and tear, or if something wasn’t installed properly.

Owning your home is a wonderful feeling but it can be stressful as well.  The expense of major repairs can not only strain your budget but also make the home owning experience less than perfect.  You can protect your home with a home protection plan and take the stress out of major home repairs.

For further information regarding selecting a home protection plan, please visit MyReviewsNow.net