Are Home Maintenance Service Plans Worth the Money?

Are Home Maintenance Service Plans Worth the Money?
October 20, 2023

Understanding Home Maintenance Service Plans

Home maintenance service plans are like a safety net for your home. They provide coverage for a wide range of repair and maintenance services. Think of them as a subscription-based solution that helps you budget for and address the unexpected home repairs that can strain your wallet.

What's Covered... and What's Not

While it's important to read the specific terms of each home maintenance service plan, in general, these plans cover essential systems in your home, such as plumbing, electrical, and heating. They often include routine maintenance tasks like HVAC inspections and pest control. However, it's crucial to keep in mind that these plans may not cover pre-existing conditions, cosmetic repairs, or structural damage resulting from natural disasters.

Costs and Fees

Home maintenance service plans typically come with an annual or monthly fee. The cost can vary depending on factors such as the size of your home, the type of coverage you choose, and your location. On average, homeowners can expect to pay anywhere from $300 to $600 per year for these plans. While this might seem like a significant expense, it's important to assess the potential savings and benefits before jumping to conclusions.

Exclusions, Limitations, and Fine Print

Before signing up for a home maintenance service plan, it's crucial to read the fine print. Look out for any exclusions or limitations that may restrict coverage. Some plans may require you to use their approved contractors, while others may have a cap on the maximum amount they will pay for repairs. Furthermore, keep an eye on cancellation policies and any additional fees you may incur if you terminate the service plan before its expiration date.

Benefits and Drawbacks

Now, let's weigh the pros and cons of home maintenance service plans.


  1. Financial Protection: These plans help you manage and budget for unexpected repair costs, providing peace of mind in case of a home emergency.
  2. Convenience: With a service plan, you have a dedicated resource to call upon when issues arise, eliminating the need to search for reputable contractors on short notice.
  3. Regular Maintenance: Some plans offer routine inspections and maintenance, which can help prevent small issues from turning into costly repairs over time.


  1. Cost-Effectiveness: Depending on the age and condition of your home, the cost of the service plan may outweigh the potential repair expenses you may have throughout the year.
  2. Limited Coverage: Service plans may exclude certain repairs or have limitations on the amounts they will pay, leaving you responsible for any expenses not covered.
  3. Potential Overlapping Coverage: Some of the items covered by home maintenance service plans may already be protected by your homeowner's insurance policy or appliance warranties, leading to duplicated coverage.


So, are home maintenance service plans worth the money? The answer ultimately depends on your individual circumstances and preferences. If you value peace of mind, the convenience of having a reliable resource at your fingertips, and the ability to budget for unexpected repairs, a home maintenance service plan might be a worthwhile investment for you. However, if you're confident in your ability to handle repairs or have sufficient savings set aside for unexpected home expenses, you may find that these plans offer limited benefits. It's essential to weigh the costs and consider alternative options before making a decision. Remember, the key to successful property management is finding the right balance between financial prudence and peace of mind.

Written by
Brian Borchert

Protect your home and your family

Start today with Moatkeeper!
Get Started
blue house