One of the most common questions we get from homeowners about Cinch home protection plans is, "Why do I need one?" The short answer is, “Lots of reasons.” But here are four that help highlight why investing in a home protection plan is a responsible and affordable way to protect your home:
1. Murphy's Law knows no limits Let’s be honest, whether you live in an older home or new construction, things break. It happens. And more often than not, it happens just when you think everything is running smoothly. It could be a mechanical problem in your HVAC system, or your brand new fridge that turned out to be a total lemon. Either way, repairing or replacing it can get really expensive.
As your appliances and systems get older, they'll start to break down more frequently. And if a number of items have problems one after the other, the repairs and replacements will add up fast. Having a home protection plan (also known as a home warranty or home service plan) helps you protect your family, and your wallet, when things go wrong by providing affordable repairs and replacements when you need them.
2. Life is expensive enough Buying a new home is no small feat. Mortgage payments can leave you a little strapped for cash during tough months, especially when you have other loans, bills and various expenses to pay. And paying to replace your old, faulty refrigerator or washer and dryer probably isn’t on the top of your to-do list. Life is expensive enough as it is, but paying a little bit each month for a home protection plan can help you save big cash in the long run.
3. Your insurance won't cover it Homeowners insurance covers damages to some parts of your house. But only some. For example, if the structure itself is damaged or you get hit by a natural disaster, insurance will come in handy. However, your homeowners insurance won't cover other common mechanical problems with your appliances and systems. If the heating system is acting up or your plumbing just isn't working, those expenses will fall to you. A Cinch plan can drastically reduce the cost to repair or replace those, while keeping your whole home protected in the process.
4. There are better things to worry about Let's face it: a house that's in disrepair is a major source of stress. Chances are that you've got other things to worry about, like your job, your kids and your retirement. With a home warranty, you can put those important things at the top of your list and stop stressing about what might go wrong in your home.
So instead of asking yourself, “Why invest in a home protection plan?” the better question might be, “Why not?” Start getting easy, convenient and affordable protection with a Cinch plan today.
The information in this article is intended to provide guidance on the proper maintenance and care of systems and appliances in the home. Not all of the topics mentioned are covered by our home warranty or maintenance plans. Please review your home warranty contract carefully to understand your coverage.