Protect Your Home with Confidence: The Benefits of Home Service Contracts
When you think about products and services that people recommend to others, what comes to mind? Useful apps? Gym memberships? Kitchen gadgets? If a home service contract – aka home warranty – didn’t come to mind, it should! According to a recent study conducted by SCIC, nearly 80% of people who have a home service contract say that they would recommend it to others. Additionally, 85% of people who have a home service contract say that they will renew it before it expires. test
People clearly value their home service contracts, but why? Let’s dig into the reasons.
- Service contracts give you peace of mind
We’ve all been there. The water heater fails or your heating unit broke — there are some home expenses you just can’t put off, regardless of how prepared you are. Home service contracts can not only provide financial support to repair or replace home appliances and systems, but will often assist in finding reliable help to make repairs. That’s why 81% of contract holders value the predictability of having a home service contract and say the cost is worth the peace of mind. When disaster strikes, your home service contract is there to help you figure out next steps and assist in covering the costs.
- Service contracts help mitigate unexpected expenses
When your household budget gets tight, the last thing you need is an unexpected expense to blow up your finances. In fact, 82% of consumers agree that investing in a home service contract is a smart financial decision that can help manage financial risk. An unexpected expense can quickly send you spiraling into debt or drain your emergency funds, but a home service contract can help prevent that from happening.
- Service contracts are easy to use
While homeowners never want things to go wrong, the survey found that more than half of those who have a home service contract have utilized the benefits. Not only that, but more than 75% of people who have made a claim said that it was timely and easy to do. These contracts are designed to make life easier and protect homeowners from being financially overwhelmed.
If your home isn’t already protected with a home service contract, ask people you know about their experience with this important safeguard and be sure to learn more here. When you’re ready to add more financial peace of mind to your life, check out our helpful list of providers to find out where you can get a service contract in your area.