What is home protection insurance?

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Mortgage protection insurance (MPI) is a type of life insurance designed to pay off your mortgage if you were to pass away — and some policies also cover mortgage payments (usually for a limited period of time) if you become disabled.

How does a home warranty work?

A home warranty covers service, repair, or replacement of your major home systems and appliances. It provides a financial buffer in case a big-ticket item malfunctions, and it can extend the protection of manufacturers’ warranties after they expire. Jul 22, 2021

What does Dave Ramsey say about extended warranties?

“The fact is, extended warranties are overpriced. That’s the reason people sell them, because they make a bundle on them in commissions,” says a money expert and radio talk show host, Dave Ramsey. “I don’t recommend buying extended warranties, ever. Mar 3, 2021