In today's shaky economy more than ever, if you are lucky enough to purchase the house of your dreams, you really need to do whatever you can to protect one of the largest investments you will ever make in your lifetime. If you believe in purchasing service plans to protect your home computer, iPhone, or vacuum cleaner, then considering a home protection plan to protect your water heater, stove, garbage disposal, plumbing system, electrical system, and more just makes sense.
As a member of a household where money is very tight, I can tell you that an unexpected repair, such as a broken clothes dryer, is a real hardship. A home protection plan would allow you to plan ahead for such emergencies, making it less costly for you to repair or replace some of the major components that are essential to everyday living in your home. As scary as it is to think about not having a functioning laptop or mobile phone, think about what it would be like to not have a functioning water heater for baths or a working stove to cook your family meals. "Inconvenient" would be a huge understatement.