How are home protection plans like health insurance?

Some home protection plan companies offer a "choose your own contractor" option when your covered appliances and systems need repair or replacement. While it can seem beneficial, there are some things to consider when using a warranty company that offers this type of coverage. Think of it like in-network versus out-of-network doctors in health care.

 

Just like with health care, there are typically more benefits to using in-network providers than those out of network when it comes to home protection plans.

 

Let's take a closer look at how Cinch's in-network plans compare to out-of-network options...

With an out-of-network plan...

You're free to choose whichever contractor you like, but you'll likely experience coverage limitations and higher out-of-pocket costs during a major replacement.

With an in-network plan...

Cinch chooses the pro because we've already done the vetting and negotiated better pricing, resulting in fewer out-of-pocket costs and more comprehensive coverage for you.

4 benefits of using Cinch's in-network contractors:

NEGOTIATED VS. RETAIL PRICING »

NEGOTIATED VS. RETAIL PRICING

Our industry partnerships allow us to negotiate the best rates for work, parts and supplies, not usually available to the public.

ONE-STOP-SHOP CONVENIENCE »

ONE-STOP-SHOP CONVENIENCE

You save plenty of time on covered repair requests when you don't have to be the middleman. Leave the coordinating to us!

180-DAY
GUARANTEE »

180-DAY
GUARANTEE

On average, repair work is often only guaranteed for 30–60 days. With Cinch, you get peace of mind for six whole months.

FULLY VETTED CONTRACTORS »

FULLY VETTED CONTRACTORS

Our rigorous screening process ensures that those coming to your home are licensed, insured and knowledgeable.

Still on the fence? There are several risks associated with using an out-of-network plan:

 

  • Many contractors only guarantee their work for 30–60 days or may not offer any formal guarantee.
  • The contractor you typically rely on may not be available. Who do you call then?
  • Because pricing can vary with out-of-network contractors, the plan may have more limitations around how much of the job is covered.
  • You'll likely need to have the money on hand to pay out of pocket and then wait for reimbursement.

DID YOU KNOW?

Legal requirements and regulations for service providers vary by state. Cinch verifies and regularly monitors licenses and insurance for every contractor in our network.

An in-network home protection plan is better for me.

TRUEFALSE

CORRECT

You're right, this statement is TRUE!

With an in-network plan, you get the convenience of negotiated pricing, fewer out-of-pocket costs (or none at all!), guaranteed workmanship and pre-screened contractors.

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INCORRECT

Sorry, this statement is not false. It's TRUE!

With an in-network plan, you get the convenience of negotiated pricing, fewer out-of-pocket costs (or none at all!), guaranteed workmanship and pre-screened contractors.

← Back to the question

Want more information?

Learn more about the home protection Cinch offers in your area.