What is a Home Protection Plan?

A home protection plan is simple. It's a one-year service contract that covers the repair or replacement of home system components and appliances that typically break down over time.

Home protection plans should be considered for single family homes, new construction homes, condos, vacation homes, townhouses, foreclosure properties and multi-unit properties such as duplex/triplex/fourplex. Other than new construction, which covers years two through five, home protection plans last one year, starting at the date of closing.