SAN DIEGO, May 19, 2014 /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that offers in-depth information on home loans that experienced home buyers can benefit from in an easy-to-understand and entertaining way that even first-time borrowers will be able to grasp. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending news, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. The mortgage advice website offers many helpful guides to finding a mortgage loan when purchasing a home, but what about home insurance? The latest article from Loan Love, titled "Home Buyer Protection Plan (Cover Your ASSets)" offers a unique guide to getting home buyer protection insurance while entailing what household resources they will cover.
Buying a new home is not the only payments a home owner has to worry about; Protecting a home investment may be necessary too. The article suggests that home buyers come up with a home protection plan, as it states: "A home warranty is essentially a one-year residential services contract that covers repair or replacement of the components of your home's most important operating systems and appliances if they fail due to normal wear and tear.
There are benefits to both buyer and seller. The seller has the assurance of knowing he or she is not going to be getting phone calls from angry buyers who have had to sink money into repairs and replacements of major systems in the home just sold.
As a buyer, your benefits are obvious: you can move in with peace of mind, knowing the cost of any possible major repairs with most of your home's systems are covered."A house protection plan may differ depending on the house, but will usually cover a wide array of house appliance or system repairs. This can range from a water heat to ceiling fans of even doorbells. All repair costs are covered by the home buyer protection plan and works like any other repair call, but the appliances that can be covered are limited to a degree. For example, many outdoor appliances for housing lots are not covered in the home buyer protection plan such as pools or sprinklers. Even indoor appliances like faucets may not be covered. Loan Love recommends home owners get in contact with their real estate agent in order to find out what is covered with a home warranty.
Home owners should also keep in mind that improper maintenance of home appliances may cause the warranty to deny payments for their repairs. As a final piece of advice, the article mentions: "In some areas, it is commonplace for the seller to purchase the home buyer protection plan for the buyer. In others, the buyer is left on his or her own to find coverage. Your real estate agent and lender can serve as excellent resources for helping you find a protection plan that fits your needs.
The plans are typically economical to purchase, with price varying according to the cost of living and other financial parameters in your area."
For more information on home buyer protection insurance, please visit LoanLove.com to read the full article.
Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, firstname.lastname@example.org
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