Once you purchase a residential service contract from a provider, the waiting period (during which you cannot file a claim) begins. This delay in coverage usually lasts 30 days.

A vehicle service contract (VSC) is a paid plan that helps cover auto repairs after your car’s factory warranty expires. Also known as extended car warranties, these protection plans can help ...

A vehicle service contract that doesn't cover the things you'll most likely need repaired is certainly not worth the money, and just because a part fails, it doesn't mean it will be covered.

For example, the contract may read, "Customer is to pay for services by the last day of each month. If, after a grace period of seven day, payment has not be received, lawn service will cease ...