Want to protect your home without breaking your wallet? The best way to protect your home, whether you’re a new or seasoned homeowner, is with a home warranty plan. A home warranty, sometimes called home protection warranties, is a service contract that covers the cost of repairs and replacements of your home’s systems and appliances. When something in the home breaks down, all you have to do is contact your warranty company and they do the rest. This saves homeowners money and time from having to find and coordinate repairs on their own.