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The Buyer's Guide Home Protection Plans Home protection plans, also known as home warranty plans, typically cover the cost of repair or replacement of the working parts (mechanical and nonstructural components) of a home during the first year of home ownership. Limited coverage of the plumbing, electrical and heating systems are generally insured. Built-in kitchen appliances and garage door openers are typically included in the basic coverage. Roof, pool and spa equipment and central air conditioning coverage is also available for an additional charge. A service fee of approximately $75.00 is charged to the new buyer when the company’s repair person makes a service call. This coverage is a tremendous asset, as it enables buyer to keep their first years out-of-pocket expense to a minimum. Often, Phyllis Harb & Co. can negotiate that the sellers pay for this insurance. Ask us to give you brochures from various companies, so that you can review the coverage that is offered. Coverage varies from company to company. It is important to carefully read the terms, conditions and exclusions, prior to selecting a plan for your home.
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