Top Blogs for Home Protection: Expert Tips and Insights
Protecting Your Home and Budget: Home Protection vs. Homeowners Insurance
Owning a home is a significant investment, and safeguarding that investment is essential. Two key players in this protection game are homeowners insurance and home protection. They serve different purposes and have their unique advantages and drawbacks. In this article, we’ll dive into the pros and cons of both to help you understand why you might need both.
Home protection: Your Safety Net for Home Systems and Appliances
A home protection is an annual renewable service contract that safeguards many of your home’s vital systems and appliances.
Pros of Home protection:
Coverage for Systems and Appliances: Home protection cover major home systems like electrical, plumbing, and heating systems, as well as appliances like dishwashers, stoves, refrigerators, washers, and dryers.
Budget Protection: They protect your budget by saving you hundreds to thousands of dollars on repair and replacement costs. When something breaks down, you pay a service fee, typically $75 to $100, and the protection provider sends a repair professional to fix the problem. If the item can’t be repaired, they replace it within the terms of the agreement.
Cons of Home protection:
Exclusions: Home protection don’t cover everything. They typically exclude cosmetic issues, damage from misuse, modifications needed for new equipment installation, and pre-existing conditions (unless purchased during a real estate transaction).
Homeowners Insurance: Safeguarding Your Home’s Structure and Belongings
Homeowners insurance protects your home’s structure against various hazards like fires, storms, vandalism, and more.
Pros of Homeowners Insurance:
Structure Protection: It covers damage or destruction of your home due to covered hazards, helping pay for repairs or replacement.
Belongings Coverage: Your personal belongings, even when not at home, are covered if stolen or damaged. It also provides coverage if someone is injured on your property, protecting you from liability.
Living Expenses: In case your home becomes uninhabitable due to a covered hazard, homeowners insurance can cover living expenses.
Cons of Homeowners Insurance:
Deductibles: You must pay a deductible for each claim, which can range from $500 and upwards. Higher deductibles lead to lower premiums.
Limited Coverage: Homeowners insurance has coverage limits and exclusions, such as earthquakes or floods. Extra insurance is needed for these events.
Wear and Tear: It doesn’t cover items that break or stop working due to normal wear and tear, like plumbing or air conditioning issues or appliance breakdowns.
Why You May Want Both: Home Protection and Homeowners Insurance
In most cases, homeowners’ insurance is required by mortgage lenders to protect their investment. However, even without a mortgage, having homeowners’ insurance is highly advisable for comprehensive protection against unforeseen events.
A home protection complements homeowners’ insurance by covering the wear and tear issues that your insurance won’t handle. It takes care of repairs or replacements for systems and appliances that are essential to your daily life and can fail over time.
Investing in both a home protection and homeowners insurance offers a robust safety net for your home and budget. While you may never need to file a claim on your homeowners’ insurance, a home protection steps in to cover the costs when your systems and appliances break down due to normal wear and tear.
Why Choose Home Life Shield for Your Home Protection?
Home Life Shield offers industry-leading coverage with 12 plus years of innovation and disruption in the service contract industry. A great example is the addition of Identity Theft Protection and Home Title Fraud Protection included with our home protection. With a commitment to providing superior value by covering more than just your home but your loved ones from the ever-increasing threat of identity theft, we have the strength and stability to honor our commitments to you. We offer a range of plans to suit almost every budget, ensuring you can find the right coverage to protect your home and finances effectively. Explore our home protection plans and secure your peace of mind today.
How to avoid devastating and costly repairs with a Home Protection
A home protection is an annually renewable service contract. Most home protection include coverage for the cost of repairing or replacing covered home appliances such as clothes washers & driers, refrigerators, dishwashers, ovens, and systems such as your home’s HVAC, plumbing and electrical systems. Homeowners insurance does not typically cover mechanical failures, so home protection can play a critical role in protecting your budget from unexpected and costly repairs. Good home protection plans allow you to customize your coverage and add coverage for items like garage refrigerators, wine coolers and built-in icemakers or even your pool and spa.
When a covered item inevitably breaks down, your home protection provider will dispatch a fully vetted and pre-screened service contractor from their network of qualified technicians to your home to repair or replace your item. It’s that simple!
Labor rates for service contractors in many communities can exceed $100 to $150 per hour. Homeowners with a home protection typically only pay a nominal service fee that ranges from $75 to $100 total. That includes labor and any parts required, regardless of how many hours it takes to repair the item. When covered appliances or systems can not be repaired, the replacement coverage kicks in.
It’s a matter of when, not if a home appliance or system will fail, and it always seems to happen when you least expect it. Even the highest end best made appliances have limited lifespans and will breakdown eventually. And when your refrigerator quits working it’s never convenient for your budget. Without a home protection, what can repair or replacement cost?
| Air Conditioner | Plumbing System | Heating System | Electrical System | Oven/Range | Water Heater |
| $764 to | $497 to | $792 to | $420 to | $1,340 to | $790 to |
| $3,296 | $1,245 | $3,173 | $1,981 | $3,390 | $1,911 |
Fortunately, you can protect your budget from costly, unplanned repair expenses. Most homeowners with a home protection will file at least one claim within the first year of coverage. In fact, one company reported that nearly two thirds of their home protection customers filed at least one claim last year, resulting in more than $219 million paid out to repair or replace covered items in their customer’s home.
If you own a home, you should consider the benefits of protecting your budget with a home protection. You can avoid large, unexpected, and inconvenient expenses. You can save hundreds if not thousands of dollars with a Home protection.
When to Buy a Home Protection: Protecting Your Homeownership Journey
Becoming a homeowner is an exhilarating and momentous step in life. It signifies a new chapter filled with dreams and aspirations, but it also comes with responsibilities and financial considerations. One such consideration that can greatly enhance your homeowner experience is purchasing a home protection. In this article, we’ll explore the ideal moments to invest in a home protection and why it’s a valuable addition to your homeownership journey.
1. The Joy of New Homeownership
Pros:
Budget Protection: The excitement of moving into a new home is often accompanied by significant expenses. From the down payment to furnishing your space, homeowners can find their savings dwindling. This is where a home protection can be a game-changer. It offers peace of mind by shielding your budget from unexpected breakdowns of appliances or home systems soon after moving in.
Quick Problem Resolution: With a home protection in place, you can swiftly address and resolve any unexpected and costly repairs for covered items, eliminating the stress and uncertainty that can come with homeownership.
Cons:
Not a Substitute for Home Inspection: A home protection is not a substitute for a thorough home inspection before purchase. It may not cover issues that were missed during the inspection, and it doesn’t provide protection against structural problems or other non-appliance/system-related issues.
2. Selling Your Home: A Smart Selling Strategy
Pros:
Confidence for Buyers and Sellers: When selling your house, maintaining its top shape is essential. After accepting an offer from a buyer, the last thing you want is to invest more money in unforeseen repairs. A home protection offers both sellers and buyers confidence that appliances and systems will remain in working order until the buyer takes possession.
Avoid Last-Minute Hassles: If an appliance or system breaks down after the purchase agreement is signed but before the new owner takes possession, many real estate contracts stipulate that the seller must repair or replace it. With a home protection, you can avoid the panic of last-minute repairs. A simple call to the home protection company can swiftly resolve the issue.
Marketing Incentive: Offering a home protection as part of the sale can make your property more attractive to potential buyers. This added perk can be a valuable marketing incentive.
No Upfront Cost for Sellers: The cost of the home protection is typically deducted from the proceeds at closing, so sellers don’t have to worry about upfront expenses.
Cons:
Limited Coverage Period: Home protection have a coverage period, and once it expires, any issues that arise may no longer be covered without renewing coverage.
3. Seasonal Preparedness: HVAC Maintenance and More
Pros:
HVAC System Maintenance: Your heating, ventilation, and air conditioning (HVAC) system works tirelessly to keep you comfortable throughout the year. You can significantly reduce the risk of unexpected and costly HVAC repairs by up to 95% with regularly scheduled tune-ups in the spring and fall, just before the changing seasons. Routine maintenance can detect and address small issues before they escalate into major problems.
Additional Maintenance Coverage: Some home protection go the extra mile by offering coverage for two HVAC tune-ups each year, helping you maintain these critical systems in excellent working condition.
Cost Savings: Repairing or replacing an air conditioner or furnace can be expensive. By considering a home protection when preparing your home for seasonal transitions, you can avoid potential financial stress.
Cons:
Maintenance Costs: While HVAC maintenance can prevent costly repairs, it does come with its own expense. Homeowners should budget for these regular upkeep costs.
In conclusion, there is no wrong time to invest in a home protection. However, certain moments in your homeownership journey can make it an especially wise decision. Whether you’re a new homeowner seeking financial security, a seller aiming to simplify the sale process, or a homeowner focusing on proactive seasonal maintenance, a home protection can provide essential benefits.
While the hope is that you’ll never have to endure expensive repairs, a home protection offers assurance that you’ll be prepared if the unexpected happens. It’s a valuable tool that enhances your homeownership experience, providing financial stability and peace of mind along the way. So, consider when the right time is for you, and take the necessary steps to protect your home and budget.
Live Protected: Unraveling the Comprehensive Shield of Home Life Shield’s Home Protection
Introduction
Owning a home is a significant achievement that brings joy and a sense of accomplishment. However, the path of homeownership is fraught with unexpected challenges, particularly when it comes to unforeseen home repairs and other emergencies. In this comprehensive exploration, we will delve into the unmatched benefits of Home Life Shield’s Home Protection, understanding why it stands out in the market and how it provides unparalleled protection for homeowners.
1. The Financial Safeguard: Protecting Your Budget
Home repairs have a knack for catching homeowners off guard, not only causing inconvenience but also taking a toll on your finances. Home Life Shield’s Home Protection acts as a robust financial safeguard, shielding your budget from the potentially hefty costs associated with unexpected repairs. Beyond mere convenience, this warranty ensures that your hard-earned money stays where it belongs – in your pocket, offering peace of mind that is priceless.
2. Setting the Standard: Title Fraud and Identity Theft Protection
What sets Home Life Shield apart from its competitors is its commitment to providing comprehensive protection. Going beyond the conventional coverage, Home Life Shield includes Title Fraud and Identity Theft Protection. Imagine having a vigilant guardian that not only monitors the dark web for potential threats but also provides a 24/7 victim hotline, making one call all it takes to address identity theft concerns. Let’s dive into the unique components of this protection package.
2.1 Identity Theft Insurance
Home Life Shield offers $1,000,000 in Identity Theft Insurance, protecting against financial loss resulting from identity theft. This coverage includes lost wages, expenses for letters to creditors, costs to defend against collection suits for falsely incurred debt, and other legal fees, all with zero deductible.
2.2 ID Early Warning System
The 24/7 proactive Identity Early Warning System continuously monitors your identity, sending alerts of potential threats. This advanced system constantly scans for any signs of identity compromise, providing you with timely notifications.
2.3 Lost Wallet Service
In the unfortunate event of a lost or stolen wallet, Home Life Shield’s Lost Wallet Service steps in. The service expedites credit card cancellation and replacement, minimizing the potential fallout of such an incident.
2.4 Internet Monitoring Service
The Internet Monitoring Service actively scans for sensitive personal information on black-market internet sites and chat rooms. It covers a range of data, from credit and debit card numbers to social security numbers, employing cutting-edge technology to maintain data security.
2.5 Personal Identity Theft Background Report
Providing consumers with a detailed background report, this service lists historic and current addresses, phone numbers, and other identifying records associated with their identity, aiding in assessing the current risk of identity theft.
2.6 Free Credit Reports Reminder
Home Life Shield’s Credit Report Reminder Service guides consumers through the process of obtaining a free yearly credit report, a valuable tool guaranteed by law.
2.7 Fraud Alert Assistance
The Fraud Alert Assistance service provides step-by-step instructions and help from trained US-based agents for stabilizing fraud alerts on the consumer’s credit profile if they are at high risk for identity theft.
2.8 Credit Security Freezes
A credit security freeze prevents a credit reporting agency from releasing the consumer’s credit report information without consent. Home Life Shield assists in establishing a security freeze on every credit profile at Equifax, Experian, and TransUnion.
2.9 Criminal Identity Theft Monitoring
This service monitors criminal records databases to detect if a criminal is using the consumer’s personal information, generating incorrect criminal records associated with their name.
2.10 Dark Web Monitoring
The Dark Web Monitoring service provides consumers with monitoring of their personal information on the “Dark Web” – websites not easily or publicly available, often used by criminals to share and trade stolen personal information.
These components collectively create a robust shield against the ever-evolving landscape of identity theft, offering unparalleled protection for Home Life Shield customers.
3. Real Stories, Real Impact: Personal Success Stories and Testimonials
Real stories resonate with homeowners, showcasing the tangible benefits of Home Life Shield’s Home Protection. Let’s hear from some satisfied customers who have experienced the true value of this comprehensive protection.
“I can’t thank Home Life Shield enough! When my AC unit unexpectedly gave up, their swift response and repair saved the day. It’s more than a warranty; it’s peace of mind!”
Lisa – Denver, CO
“Living in Texas, AC issues are no joke. Home Life Shield not only fixed our cooling system fast but also assisted us when we faced an identity theft scare. True lifesavers!”
James – Austin, TX
“Homeownership can be daunting, but Home Life Shield makes it manageable. Their attention to detail, especially with identity protection, makes me feel secure in my own home.”
Sarah – Orlando, FL
“Home repairs used to stress me out, but not anymore. Home Life Shield’s quick responses and comprehensive coverage have turned me into a confident homeowner. Highly recommend!”
Mike – Seattle, WA
These testimonials showcase the diverse scenarios in which Home Life Shield has made a significant impact on homeowners’ lives, reinforcing its position as a trusted partner in home protection.
4. Empowering Homeowners: Practical Tips for Home Repair and Maintenance
Beyond the warranty coverage, Home Life Shield cares about the longevity of your home. Here are practical tips and steps related to home repair and maintenance that can save you money and extend the life of your appliances and systems. Empower yourself with knowledge that goes beyond reactive measures.
4.1 Regular Inspections Save Money
Conduct routine inspections of your home’s major appliances and systems. Check for leaks, unusual sounds, or any signs of wear. Early detection of issues can prevent costly repairs down the road.
4.2 Seasonal Maintenance Matters
Tailor your maintenance schedule to the seasons. Clean gutters in the fall, service your HVAC system before extreme weather hits, and inspect your roof and windows annually. Seasonal care ensures your home is ready for whatever comes its way.
4.3 Know Your Home’s Lifespan
Be aware of the average lifespan of your appliances and home systems. Knowing when they might need replacement allows you to budget and plan accordingly, preventing unexpected expenses.
4.4 Document Repairs and Upgrades
Keep a detailed record of all repairs and upgrades. This not only helps you stay organized but can also add value to your home when it’s time to sell. Prospective buyers appreciate a well-maintained property with a documented history of care.
Conclusion and Call-to-Action
As you contemplate the security of your home, consider the holistic protection that Home Life Shield’s Home Protection offers. Take the next step in securing your homeownership journey by getting a free quote today at homelifeshield.com or by calling our toll-free customer service number at (888) 240-3969. Live protected with Home Life Shield, where comprehensive coverage meets peace of mind.