Home Protection Plans

Home protection plans can significantly increase the marketability of a home by providing a "peace of mind" extra that competing homes may not have.

According to a National Home Warranty Association study, homes with warranties sell faster - for a higher price and are more likely to sell - than competing homes offered without a home warranty.

A home warranty increases marketability:

• Warranted homes sell up to 15% faster than homes without warranties.

• Homes with warranties sell, on average, for about 2.2% more (Business Week).

• Home warranties reduce the chance that the seller will be asked to reimburse the buyer for a covered component breakdown after closing.

• There is a better chance that a malfunctioning warranted item won't delay the closing.

• Homes with warranties are 29 percent more likely to sell than homes without home protection plans.

• It provides the buyer with a full year of coverage on the home's major systems and appliances after move-in.

• If a covered component breaks down, the seller pays only a deductible; the Warranty Company pays the remainder.

• Home protection Plans reduce contingent liability after the sale.

Plan coverage varies by warranty company confirm coverage for specific coverage