When you purchase a home, there are many more things to consider than just the price of the house. If you’re moving into a new home, for instance, then there are also the cost of a home warranty plan, deposits on utilities, and other fees to take into consideration. And, of course, you want to make sure that your home is safe and sound in case something goes wrong.
Home protection plans can be a great way to protect your home. However, not all protection plans are the same. We’ll walk you through what you need to know about home protection plans, including what they cover and how to choose the right plan for you.
Whether you’re looking for coverage for your first house or apartment, or just want to make sure that everything’s covered in case disaster strikes, this post should give you a good idea of what it takes to find a plan that’s perfect for you!
What are Home Protection Plans?
Home protection plans vary depending on what sort of coverage you need. Many plans offer basic protection, but even if your home is brand new and doesn’t have any damage, you might still want to consider protection.
Home protection plans are similar in many ways to standard homeowner’s insurance. However, you may find that the terms are a little different.
Why Do I Need One?
The home is one of the most important pieces of real estate that you’ll ever own, so it’s important that it’s protected. And, if you’re buying a house or apartment, it’s a good idea to purchase some kind of home protection plan to make sure that everything works in your favor.
Here are just a few reasons why you need one:
Home fires. You don’t realize how many fires take place in homes every year. When you factor in unintentional kitchen fires, for example, there’s one fire that seems to take place every two minutes in the United States. Even more concerning is the fact that kitchen fires account for 26 percent of all home fires.
All it takes is a dropped or overloaded pot or pan, a kitchen fire, or a hot grease fire to turn your first home into a life-changing event.
What Types of Home Protection Plans are there?
There are quite a few home protection plans out there, but the most popular ones fall into a few different categories:
Basement Underlayment Insurance
If you live in an apartment or in a house without a basement, you might want to look into a basement underlayment insurance plan. In a lot of cases, basements can be a great place for people to store things, but if there’s a fire, there’s still the risk of items being damaged or destroyed. So it’s definitely worth protecting against that.
Another reason for protecting your home is because natural disasters cause some fires. For instance, fires caused by lightning are common, especially if you live in a forest. The higher your elevation, the higher the risk of wildfire. Also, there’s the risk of floods, and storms.
When you’re ready to get your home protected, a home protection plan is one of the best ways to go about doing it. With so many plans on the market, though, it can be tough to know what you should actually be looking for when you sign up for a protection plan.