Home protection insurance provides home warranty protection for your home’s mechanical systems, appliances, and more.  For example, the protection covers items like mechanical systems, appliances, electrical, air conditioning unit, roof, gas fireplace, hot tub, pool, septic tank, and wells.  There are items that can be added or deleted with each home protection plan.

Being in the mortgage industry for over 10 years, I can tell you that even though you get a home inspection, it does not guarantee the items are not going to break down the minute you close on the mortgage.  I would tell the customer point blank, “If I were you, I would get home protection insurance.  It’s cheap and a great buy”.  The customer would rely to me and say, “The home just was inspected”.  And I would say, “it doesn’t matter if the home was inspected, if something breaks down the minute you close on the mortgage, it’s your responsibility!”  You wouldn’t believe, about 80% of the time I would get a “no”, or a, “I’m not going to pay for that”.  And I would say, “Suit yourself”.  Then about three to four weeks later, I would get a call from the buyer after the home was sold.  I would answer the phone as I always do.  Needless to say, the buyer is yelling and irate on the phone.  I say, “Slow down, what’s wrong?”  The buyer says, “I just closed on this house three weeks ago.  Last night it started to rain, and then it poured so hard that my roof is now leaking and my air conditioning unit is not working.  It’s going to cost me $3,000 to fix everything!”

I don’t want to say I told you so to the buyer, but “I told you so!”  Sounds funny but unfortunately, this is a true story.  And, it won’t be the first time or, I’m sad to say, the last time.  It does happen.  And, it’s not the fault of the home inspector either.  Things just break down.  It’s just like when you’re trying to save money and buy a used car.  You want it cheap!  A cheap car usually means no warranty on the vehicle.  Then you drive it off the lot and it breaks down on the way home from buying it.  Ever heard that story before?  Buying something affordable and inexpensive doesn’t mean you shouldn’t buy home protection insurance.  It’s a smart way to protect your recent investment from going kaput on you either the minute after you buy or, even when you’ve owned the home for some time.  You can purchase this plan anytime you own the home.  It’s a great way to save yourself from disaster in your home whether you just bought it or if you have owned it for quite some time.

Did you ever see the movie “The Money Pit?”  We all think that movie is absolutely funny.  But if it were you in the movie, would it be as funny?  I wouldn’t think so.  It’s a great example that if you had Home Protection Insurance, you wouldn’t need to fork over thousands of dollars to contractors.