What is a Home Protection Plan, and what does it cover?
A Home Protection Plan is a service contract that covers the repair or replacement of major home systems and appliances. Coverage can vary depending on the provider and plan selected.
How long does a Home Protection Plan last?
Home Protection Plans typically last for 12 months, but coverage can be extended or renewed if desired.
How much does a Home Protection Plan cost?
The cost of a Home Protection Plan varies depending on the level of coverage and the provider selected.
Who handles the repairs if something breaks down?
The Home Protection Plan provider handles the repairs. You'll need to contact your provider to initiate a repair request.
What is the process for filing a claim under a Home Protection Plan?
The process for filing a claim varies depending on the provider. Generally, you'll need to call your provider and provide information about the problem you're experiencing.
What are the limitations and exclusions of a Home Protection Plan?
There are limitations and exclusions to what a Home Protection Plan covers. Be sure to review the terms and conditions of your plan carefully.
Can I choose my own service technician under a Home Protection Plan, or do I have to use the provider's preferred vendor?
Depending on the provider, you may be able to choose your own service technician or be required to use the provider's preferred vendor.
What is the difference between a Home Protection Plan and homeowner's insurance?
Homeowner's insurance typically covers unexpected events like fire or theft, while a Home Protection Plan covers the repair or replacement of major home systems and appliances due to normal wear and tear.
Should I purchase a Home Protection Plan if I am buying a new home?
Purchasing a Home Protection Plan when buying a new home can provide added protection and peace of mind.
Can I purchase a Home Protection Plan after I've already purchased my home?
Yes, you can purchase a Home Protection Plan after you've already purchased your home.
Is a Home Protection Plan transferable if I sell my home?
Some Home Protection Plans are transferable if you sell your home, while others are not. Check with your provider to confirm.
Can I customize the coverage under a Home Protection Plan to fit my specific needs?
Depending on the provider, you may be able to customize your Home Protection Plan to fit your specific needs.
Are there any deductibles or service call fees under a Home Protection Plan?
Some Home Protection Plans may have deductibles or service call fees. Be sure to review the terms and conditions of your plan carefully.
How do I know which Home Protection Plan provider to choose?
Research and compare different Home Protection Plan providers to find the one that best meets your needs and budget.
Can I cancel my Home Protection Plan at any time, and will I receive a refund?
You may be able to cancel your Home Protection Plan at any time, but there may be fees or restrictions. Check with your provider to confirm. If you cancel within a certain timeframe, you may be eligible for a prorated refund.
