You've probably heard that purchasing a home protection plan, is a smart move to help pay for repairs when appliances and systems break down from daily wear and tear. Even if you have a good home insurance policy in place, you're not going to find the coverage you need when your dishwasher stops working or your air conditioner fails to pump out cold air. You'll need a different plan for complete home protection.
Cinch offers affordable plans that ensure you get the high-quality service you pay for. So if you're debating whether or not to invest in a home protection plan, here are some important considerations.
Breakdowns are more likely than you think.
Regardless of how well you maintain your home equipment and appliances, they're always vulnerable to potential problems that require repairs or replacements. People often bet on the fact that they won't run into these problems — especially if their equipment is new. However, according to a Consumer Reports customer survey, 36 percent of new side-by-side refrigerator/freezers and 25 percent of front-loading washing machines will break within three to four years after they're purchased. Don't underestimate how much it's going to cost to fix these appliances when they break.
Replacements and repairs can cost far more than home warranty coverage.
If your water heater were to stop functioning efficiently in the middle of the winter, having it replaced without a home protection plan can cost around $1,300, and having it fixed will cost you over $280. Similarly, a repairman will charge you a typical rate of over $1,300 to replace your broken washer and dryer, and repairing it generally racks up a bill of at least $400. This is where a plan from Cinch can make all the difference — if you don't have a plan, paying to fix just one appliance that breaks down can cost you the equivalent of an entire year of coverage.
Coverage can be confusing. Cinch makes it simple.
So, if you're shopping around, you'll see most companies list which appliances are covered, but don't tell you much more. You might find yourself thinking, "this plan covers my dishwasher...but what exactly does that mean?"
To prevent surprises, Cinch provides interested homeowners with a sample service agreement on our website that details our coverage, so you know what you're buying.
Cinch is also smart and guaranteed.
In addition to offering affordable coverage options, Cinch also gives you extras to help you manage your whole home. Additional benefits you won't find elsewhere include:
- Homeowners deductible reimbursement: Up to $500 cash back if you have a home insurance claim*
- Credit toward purchasing filters to keep your A/C running smoothly
- Free leak alarm to alert you to issues with your plumbing system and prevent major damage
Best of all, our work is guaranteed for 180 days. If we don't get it right the first time, we'll fix it at no additional charge to you.
A home protection plan is an investment that you should consider carefully. If the Cinch difference appeals to you, get a free online quote 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.
*Available on Complete Home plans