Increase Financial Security in 2013 by Buying a Home Warranty

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Avoiding the “fiscal cliff” is on center stage around the country these days. Given the uncertain economic climate, many Americans are being cautious with their household financial planning for the New Year. Cross Country Home Services (CCHS) encourages homeowners to consider budgeting for a home warranty plan in their end-of-year financial planning to guard against the high costs of repairing or replacing a major home system or appliance.

A home warranty is critical to protecting a homeowner’s savings and offers a hedge against a household financial crisis.

Avoiding the “fiscal cliff” is on center stage around the country these days. The National Economic Council and the Council of Economic Advisers put out a joint report this week that cites Americans will spend $200 billion less in 2013 if the White House and Congress can’t reach a budget deal by the end of the year. Given the uncertain economic climate, many Americans are being cautious with their household financial planning for the New Year. Cross Country Home Services (CCHS), one of the country's leading providers of home warranty products and maintenance plans, encourages homeowners to consider budgeting for a home warranty plan in their end-of-year financial planning to guard against the high costs of repairing or replacing a major home system or appliance.

“A home warranty is critical to protecting a homeowner’s savings and offers a hedge against a household financial crisis,” said CCHS president Sandra Finn.

Many homeowners don’t understand that most insurance policies do not protect against normal wear- and-tear damage to major appliances and systems, such as heating, cooling and plumbing. Home insurance plans generally cover the structure and contents of the house against specified perils. These include theft, fire, windstorm, lightening, hail, falling objects and smoke. Home warranties cover household appliances and systems that sustain a mechanical failure due to normal wear and tear, not catastrophic events. Covered items may vary by company and plan, but typically include heating and air conditioning system (HVAC), electrical system, plumbing system, water heater, kitchen appliances such as refrigerator, stove/oven/range, dishwasher, garbage disposal, clothes washer and dryer and garage door opener.

For an average cost of $300 to $600 per year, a home warranty is an integral tool in home and budget management. Warranty products such as TotalProtect can be purchased directly from CCHS, or are offered through local mortgage and utility companies, banks or realtors. Not only can home warranties mitigate repair costs, but in the case of CCHS, they provide access to a national network of over 40,000 pre-qualified, independent service providers. These professionals are available not just for major emergencies, but also for minor repairs.

“Many families today are one paycheck away from a financial crisis,” added Finn. “A home warranty might be the best gift of all this holiday season for your family because it offers one of the hardest gifts to find: peace of mind.”

For more information, please visit http://www.cchs.com.

About Cross Country Home Services
Cross Country Home Services, Inc. (CCHS) is dedicated to making home management easy by offering a full selection of hassle-free, cost-effective home solutions, including warranty products and maintenance plans. Since 1978, the company has built a reputation for excellence and today is one of the nation’s leading providers of these products and services. Consumers can buy home warranties and home maintenance plans directly from CCHS or through select affinity partners in mortgage, banking, insurance, real estate and utilities industries. Products include some of the industry’s best known brands, including TotalProtect Home Warranty, Home Protect Warranty and HMS Home Warranty. The company’s customer care staff is available 24 hours a day, 365 days a year and is dedicated to ensuring the highest level of service. Homeowner needs are quickly resolved through a national network of over 40,000 service providers, the largest in the industry. Headquartered in Ft. Lauderdale, Fla., CCHS is a member of the Cross Country Group. To learn more about CCHS, please visit http://www.cchs.com.

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Jennifer Sullivan
O'DONNELL AGENCY
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