This quarter, Hayward Protection, the industry leader in auto and home protection warranties, discusses who’s at risk and what they can do to protect their most valuable assets in the event of a disaster.

Every year, millions of Americans in this great nation experience breakdowns, accidents, and mishaps related to their vehicles, RVs, homes, boats, and motorcycles.

Although many such issues are covered by insurance, research into policies has revealed a glaring coverage gap, putting millions of home, RV, and vehicle owners at risk of significant financial hardship.

This quarter, industry leaders in automotive and home protection warranties, Hayward Protectiondiscusses who is at risk and what they can do to protect their most valuable assets in the event of a disaster.

Data shows that nearly 75% of homeowners and 63% of vehicle owners are one mishap away from financial disaster

According to a study compiled by Haywire Protection and sourced from leading real estate and automotive companies, nearly 75% of homeowners and 63% of vehicle owners do not have an extended warranty on their home or vehicle.

homeowners at risk

Owning a home is a dream come true for many Americans. However, home ownership isn’t all rainbows and sunshine. For many people, the high cost of home repairs has left many households struggling to stay afloat.

Data from insurance companies shows that the monthly average cost of maintaining homes ranges from $200 to $300, with home repairs due to system failures costing thousands (and sometimes tens of thousands) of dollars.

Homeowners without an extended warranty are at significantly higher risk of paying out of pocket. Amid the pressures of the struggling economy, inflation and supply/job shortages, the cost of home repairs has skyrocketed, with Angi’s 2021 State of Home Spending Report showing a 25% increase from 2020 alone.

Home guarantees provide a safe, reliable and…