Top 5 Reasons to Consider Home Protector Insurance

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19th September 2022

Top 5 Reasons to Consider Home Protector Insurance

Owning a home is a significant investment, and it’s natural to want to protect it from unexpected expenses. While most homeowners focus on insurance for their home’s structure and contents, there’s another type of protection that can provide peace of mind and financial security: Home protector insurance.

It is a specialized policy that covers the repair or replacement of major home systems and appliances, offering protection against costly breakdowns. If you’re considering this type of insurance, here are five compelling reasons to take a closer look:

1. Protection from Unexpected Repair Costs

One of the biggest advantages of home protector insurance is its ability to safeguard you from unexpected repair bills.  Imagine your furnace suddenly stops working in the middle of winter, or your dishwasher starts leaking. Without Home Protector Insurance, you could be facing thousands of dollars in repair costs. With coverage, you’ll have a safety net to help you handle these emergencies without breaking the bank.

2. Peace of Mind and Reduced Stress

Homeownership can be stressful enough without worrying about costly repairs. Home protector insurance can significantly reduce your stress levels by providing peace of mind knowing that you’re protected from unexpected expenses. You can rest assured that if a covered appliance or system breaks down, you’ll have the financial support to get it fixed quickly and efficiently.

3.  Financial Stability and Budget Protection

Unexpected repair costs can easily throw your budget off track. Home protector insurance helps you maintain financial stability by protecting you from these unexpected expenses. It can prevent you from dipping into your savings or accumulating debt, allowing you to manage your finances more effectively.

4.  Increased Home Value and Resale Appeal

Home protector insurance can actually increase the value of your home and make it more appealing to potential buyers.  Homebuyers often see this type of insurance as a valuable asset, especially when purchasing older homes.  It demonstrates that you’ve taken steps to protect your investment and minimize the risk of costly repairs, making your home more attractive to potential buyers.

5.  Coverage for Essential Home Systems and Appliances

Home Protector Insurance typically covers a wide range of essential home systems and appliances, including:

  • Heating and cooling systems
  • Plumbing systems
  • Electrical systems
  • Major appliances (refrigerator, oven, dishwasher, washing machine, dryer)
  • Water heaters

This comprehensive coverage ensures that you’re protected from a wide range of potential breakdowns, providing you with the peace of mind you deserve.

Considering Mortgage Protection Insurance in Alberta?

While home protector insurance protects you from unexpected repair costs, mortgage protection insurance in Alberta can provide financial security for your mortgage.  This type of insurance can pay off your mortgage balance if you become disabled or pass away, ensuring your family doesn’t face financial hardship.

Home protector insurance and Mortgage Protection Insurance are both valuable tools for homeowners in Alberta. Contact Hope Insurance Broker today for more information today!