Welcome to the World of Home Protection Plans
As home ownership becomes more prevalent, so does the need for effective protection against potential damages and risks. Home protection plans are no longer a luxury but a necessity for many homeowners.
The Growing Demand for Home Protection Plans
The increasing trend of home protection plans is expected to have a significant impact on the home warranty service market. With more people opting for these plans, there will be an increased demand for home warranty services that can provide coverage for various types of damages and repairs.
Types of Home Protection Plans
- Critical Illness Insurance: Covers medical expenses related to a serious illness or injury.
- Deductible Protection: Provides coverage for minor damages and repairs, with deductibles ranging from $500 to $5,000.
- Additional Living Expenses (ALE): Covers unexpected expenses associated with a major move or significant changes in household size or composition.