Mike Holmes Protection
Offers plans to cover many different systems and appliances at home.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Early VC | ||
| Total Funding | 000k | ||
Mike Holmes Protection operates as a home warranty provider, offering service contracts to shield homeowners from unexpected repair or replacement costs for major home systems and appliances. The company was founded in 2021 by Mike Holmes, a well-known Canadian contractor, television personality, and author with over 35 years of experience in the construction industry. Holmes began learning construction from his father at age six and started his first contracting company at 19, building a career and public persona around the motto "Make It Right®. This venture leverages his established reputation for quality and consumer advocacy, built through TV shows like "Holmes on Homes" and various business activities under The Holmes Group.
The business primarily serves homeowners, buyers, and sellers in 36 states from its headquarters in Boca Raton, Florida. Its revenue model is based on selling tiered home warranty plans with options for monthly or annual payments. Upon a claim for a covered item, the client pays a service call fee ranging from $58 to $85, and the company arranges for a technician from its network of over 12,000 to perform the repair or replacement. A core promise is that if a covered item cannot be repaired, it will be replaced.
Mike Holmes Protection offers three main plans—DIY Essentials, Premium, and Extended—which provide escalating levels of coverage. The plans cover a combination of systems and appliances, including heating and cooling, electrical, plumbing, ductwork, water heaters, refrigerators, ovens, and dishwashers. The Extended plan adds benefits like limited roof leak coverage and a 20% premium refund if no service claims are made during the plan term. Clients can further customize their policies with numerous add-ons for items such as pools, spas, septic systems, and secondary refrigerators. A distinctive feature is the virtual diagnostic tool, allowing certified technicians to connect with homeowners via video chat to troubleshoot issues, potentially enabling the homeowner to perform the fix themselves or expediting the professional repair process.
Keywords: home warranty, home protection plan, appliance repair, systems coverage, Mike Holmes, residential services, service contract, home maintenance, virtual diagnostics, contractor network