Best Home Warranty Companies 2023
Repairs and maintenance are unavoidable parts of homeownership. Systems can break, and air conditioners can fail during a heat wave. But a home warranty can rescue you from all issues! It is a renewable contract that covers the cost of repairs and replacements of your major home items that break down due to normal wear and tear. And, to help you choose a suitable pick among the vast number of options, we have brought you a detailed review of the best home warranty companies in the industry.
We have narrowed our list to the top ten companies after considering numerous factors, including pricing, coverage, homeowners’ reviews, customer support, exclusions, cancellation, discounts, property types, and nationwide availability. Our editorial team puts in hours of research to provide you with unbiased and independent company reviews. Furthermore, our editors fact-check thousands of legit customer reviews from our website to ensure the accuracy and relevance of our company reviews.
Learn more about the top home warranty companies of 2023 and their offerings in this article to select an ideal one for your home and start saving on home maintenance!
Best Home Warranty Companies Of May 2023
Service Plus Home Warranty
Based on 862 Reviews
$200 off + 2 months free
1st month free
$150 off + Free Roof Coverage + 2 Months Free
Top Home Warranty Companies For 2023
Our editors have reviewed and curated the list of the ten best home warranty companies of the year 2023 for you. The below-mentioned home warranty comparisons are based on their plans, pricing, limits, and more. Let’s get started:
|Best For Comprehensive Coverage||$46-$55||$85||Upto $3K/Item||60-day|
|Best For Claims Settlement||$39-$60||$75, $100, $125||$6K-Unlimited||30-day||View More|
|Best For Customer Service||$50-$60||$75||$1.5k/Item||90-day|
|Best For Affordable Premium||$60-$65||$100||$3k/Item||90-day|
|Best For Transparency||$30-$44||$85||$2.5k - $3.5k/Item||N/A||View More|
|Best For Multi-Family Homes||$40-$47||$50, $70, $100, $125||$25k/ Contract||N/A|
|Best Response Time||$35-$50||$90||$2k/Item||60-day|
|Best Customer Satisfaction||$27-$51||$75, $100, $150||$2k/Item||180-day|
|Best For Real Estate Deals||$40-$50||$100, $125||$25k/ Contract||N/A|
|Best For Overall Claims’ Process||$45-$58||$75||N/A||N/A|
Best Rated Home Warranty Companies: Detailed Overview
The detailed overview of the top home warranty companies below will help you with all the information you need to identify a company that caters to your requirements. We have considered several factors, such as pros and cons, plans’ costs, coverage, and customer reviews.
Choice Home Warranty: 1st month free
1st month free
Why We Picked It?
Choice Home Warranty carries over 14 years of industry experience and has solidified itself by serving 1.9 million customers and handling more than 6 million service requests. Choice offers two plans to homeowners starting from $45 monthly, comparable to the industry standards. Due to its 24/7 customer service, network of 25000 contractors, and affordability, it is a considerable option for homeowners.
- Offers free protection for 30 days
- Served 1.9 million+ customers
- Customers are not allowed to choose their contractors
- Charges $2.5 extra on monthly payments
Choice Home Warranty’s two plans: Basic Plan and Total Plan, costs about $45 & $55 monthly, respectively. Compared to the industry average, CHW plans are competitively priced.
The Total plan becomes more affordable as it is less expensive than other comprehensive plans, so we have rated Choice “Best for comprehensive coverage.” Also, if you bill annually, you can get free coverage for a month, making Choice more affordable.
Additionally, you can expect pay $85 as deductible, and the total cost may increase if you purchase anything from the optional items.
Choice Home Warranty offers coverage via its two plans: Basic and Total, which provide varied coverage levels. In the Basic Plan, you can get major appliances and Systems coverage. In comparison, the Total plan covers everything from the Basic plans, Air Conditioning System, Refrigerator, Washer Dryer. These plans are ideal for homeowners looking for extensive coverage at affordable prices.
Gameboy Marc , AZ, TucsonMay 09, 2023
After one cancelation the second time was a charm. A Sears tech was out and fixed the range the first time around. I was very happy.novlette minott , NY, BrooklynMay 02, 2023
The agent that I spoke to when signing up for home warrant was pleasant, friendly and understanding. It was a pleasure speaking to him.Mae Bertha Powers , TN, MemphisApr 19, 2023
next day response to request. completed satisfactorily.tech professional and appeared to know what was necessary to get the job doneChiemi Meyer , TX, HoustonMar 24, 2023
They are very responsive. We are happy with their service! Initial response was fast and timely phone call back was really helpful.Michelle Cooper , FL, Neptune BeachMar 10, 2023
The serviceman was very knowledgeable, courteous, and took care of the problem immediately. I was very pleased with the serviceDonald Whitesell , AZ, Green ValleyMar 05, 2023
Your representative, Mr. Phil*** Wil***, was very polite and knowledgeable of all aspects of the plans. It was very enjoyable working with him.
American Home Shield: appliance and air filter discounts + $50 off on plan purchase for 2nd property + $25 amazon gift card
appliance and air filter discounts + $50 off on plan purchase for 2nd property + $25 amazon gift card
Based on 16,735 ReviewsDetailsPros and ConsCostPlans/CoverageReviews
Why We Picked It?
With over 50 years of experience, American Home Shield is the market pioneer in the home warranty industry. They have served over 2 million customers and built a network of 17,000 licensed contractors across 48 states.
AHS covers unknown pre-existing conditions, which is rare in this industry. Moreover, AHS members get the advantage of a virtual diagnostic feature that helps them minimize the fixing process. The company's claim of settling over $2 billion in claims is among the highest in the industry, prompting us to rank them as "Best for claims settlement."
- Protects against unknown pre-existing conditions
- Offers various discounts for Veterans and military personnel
- On lower deductibles, customers have to pay higher premiums
- Does not provide coverage in Alaska & Hawaii
American Home Shield’s plans range between $29.9 to $89.9 monthly, depending on the chosen deductible amounts: $100 and $125. Compared to the other leaders, the ShieldPlatinum Plan is a bit on the higher end. However, AHS makes up by offering roof leak repairs, free HVAC tune-up, unlimited a/c refrigerant, coverage for code violations, and permits and modifications.
Moreover, the total price may vary if the customer adds any optional item to the plans.
American Home Shield provides three plans to homeowners: ShieldSilver, ShieldGold, and ShieldPlatinum. The first two plans provide different coverage options for systems and appliances. ShieldPlatinum is a combinational plan where the customer can enjoy the benefits of both systems and appliances, plus some extra items.
AHS covers systems up to $5,000 and appliances up to $4,000 per contract term. The company states in its contract that the most they will pay during a contract term will be up to $50,000, which only some in the industry can match.
Renee Jeffery Smith , AR, BatesvilleJun 03, 2022
The AC repair guy came and had to order a part. We have not heard back from him about when the part arrives and when he can return?Abelardo Fraga , TX, HoustonMay 19, 2022
anytime the repair is covered under warranty is a good day. most of the time they are not. not sure what else you want me to say.nicole smith , WA, Lake StevensMay 17, 2022
I have had AHS for awhile but never needed to make a claim until a few weeks ago. They ended up replacing my fridge and I am so thankful!!!!Bryan , VA, StaffordApr 30, 2022
AC unit quit working on Tuesday afternoon, I filed the claim on line. By lunch on Wednesday a AC tech was here and was able to get the AC running.Carolsue Robbins , CO, EnglewoodApr 26, 2022
They called the same day and were able to ID the possible issues. Ordered the part then called to set up the appt. to come out and fix the problem.E D , FL, Deerfield BeachMar 31, 2022
A*** did a great job. He needs to come back to adjust one of the toilets. I left a message. I hope to hear back from them. Thank you in advance.
ServicePlus Home Warranty: 2 months free + $200 off
2 months free + $200 off
Based on 862 ReviewsDetailsPros & ConsCostPlans/CoverageReviews
Why We Picked It?
ServicePlus Home Warranty is a relatively new company in the industry, but it has quickly earned a reputation for providing top-notch customer service. Based on hundreds of reviews on our website, ServicePlus has an above-average rating of 4.25/5, with most customers expressing satisfaction with the services.
As a result, they were given the Best For Customer Service Award 2023 by our editorial team. Furthermore, the company offers attractive deals and claims to offer plans starting at $2 per day, making it an affordable option.
- Assigns local contractors for a quick resolution
- 24/7/365 claims hotline available
- Does not provide services in Washington and New York
- Doesn’t provide the appliance or system-only plan
The Gold Plan costs $59.92 per month, while the Platinum Plan costs $66.58 per month. Aside from the regular premiums, you must pay a $75 deductible for each service visit. SPHW plans are competitively priced compared to other home warranty plans, and the deductible amount is also reasonable. Finally, the total cost can vary depending on the coverage requirements.
ServicePlus offers two plans: Gold Plan and Platinum Plan. The first plan includes 16 items, both systems and appliances. The Platinum plan covers everything from the Gold plan along with A/C systems, water heater, clothes washer, clothes dryer, heating system, and refrigerator, making it a comprehensive option for homeowners.
Denice Thompson , CO, WindsorJan 16, 2023
Signing up for the home warranty was easy and the rep was very helpful in explaining things. He worked hard to find me the best deal.Renee Smith , MS, Long BeachOct 27, 2022
Peter was very good about not wasting my time. I told him what I needed and he looked for the best price. It was very good to speak with him.Josh Arnold , GA, AtlantaDec 11, 2019
Simply put, the best company out there when it comes to home insurance. Super nice people on the lines and claims get processed in due time.Enrica Triggs , GA, DouglasvilleJan 29, 2019
Customer service was great and they went out their way to make sure I get everything I need for a good price. Thanks Max of Total Home Protection!Jose Luis Rodriguez , FL, MiamiJan 07, 2019
THP has very good and polite internet business associates. I am looking forward to doing have my home warranty for this coming year.Suzanne Hutchinson , PA, Lincoln UniversityNov 19, 2018
Just got the phone with Tim! He\'s a sales with THP .He\'s really nice! No service calls yet.any company has to be better then SEARS for my home!!
Select Home Warranty: $150 off + Free Roof Coverage + 2 Months Free
$150 off + Free Roof Coverage + 2 Months FreeDetailsPros & ConsCostPlans/CoverageReviews
Why We Picked It?
With over ten years of experience, Select Home Warranty has made a name for itself in the US market by offering customers three types of home warranty coverage. Each plan comes with free roof coverage and a variety of add-on options.
We analyzed 4,558 customer reviews on our platform and discovered that more than 60% of customers were pleased with and valued the company's offerings. The company provides three affordable plans starting at $45/month with a hundred dollars off and an additional free roof leak coverage. Owing to all these factors, we pick Select Home Warranty as the "Best for affordable premiums".
- Offers coverage for mobile homes
- Provides regular discounts on all the plans
- Lower coverage limits
- Does not cover unknown pre-existing conditions
Select Home Warranty's Bronze Care and Gold Care Plans are $45.67 per month, while the Platinum Care Plan is $50.25 per month. Select’s Platinum Care is among the most affordable combos available.
Moreover, if customers pay upfront, they can get two free months of coverage, making Select even more affordable.
Lastly, Customers must also pay a service fee, which varies by state but is typically between $60 and $75.
Select Home Warranty offers three plans to homeowners- Bronze Care, Platinum Care, and Gold Care. The first plan covers seven home appliances, Platinum Care covers six systems, and with Gold Care, you can get your 18 home items covered.
SHW plans are comparable to industry coverage, as customers can obtain coverage for most items commonly used nationwide.
Mary Ann oswalt , TX, GranburyJul 17, 2020
My dryer repair was fully covered with my select warranty. So glad I have it. It was nice to not have to locate a repair service. select did it allcynthia souther , CA, Manhattan BeachJul 15, 2020
We called with a plumbing issue. The contractor assigned to us had not received the paperwork. I had to call again, to ask them to send the e-mail.Paula Gilliland , TX, BurlesonJan 31, 2020
I have only filed one claim. The associates that I dealt with on the phone were friendly and very efficient. So far I\'m happy with the service.Lauren , CA, BanningJan 30, 2020
Ice maker not covered. trish called to say it would be covered for a one time fee. I was happy with that . I had considered changing companies.Tess Craft , WY, WorlandDec 27, 2019
Microwave stopped working on Christmas ! I called the day after and got a settlement price email within minutes. Very fair,efficient company.Prggy Burns , MI, TroyDec 25, 2019
Even though they couldn\'t find a repairman for the ice maker they let us find one and approved the job in a timely manner All good here
First American Home Warranty: $200 Off For Memorial Day + $25 Off For Milltary Personnel
$200 Off For Memorial Day + $25 Off For Milltary Personnel
Based on 2,430 ReviewsDetailsPros & ConsCostPlans/CoverageReviews
Why We Picked It?
First American Home Warranty (FAHW) has been in business for over 35 years and has set the standard for offering quality home warranty plans. The company provides all critical information on the website, such as pricing, plans, claims data, etc., and maintains customer transparency.
According to the FAHW, more than 59% of its customers submitted at least one claim. FAHW has paid $219 million in settlements in just one calendar year. Hence, it became our "Best for Transparency."
- Doesn’t mandate home inspection
- Covers appliances up to $3.5k
- Does not offer services in 15 states
- Does not cover air conditioners under basic plans
The pricing offered by First American Home Warranty varies based on the deductibles. The plan range between $47 to $87 per month, depending on the service fee: $75, $100, & $125. Compared to the industry standard, the pricing can be considered higher, especially for the Premier Plan.
FAHW provides three plans to homeowners: Starter, Essential, and Premier. Customers can get their five items covered in the Starter Plan, nine under Essential, and a combination of 15 systems and appliances, such as the Plumbing System, Electrical Systems, Built-in-microwave, etc., in the Premier Plan.
Along with the regular plans, customers can avail of First-Class Upgrade and Plumbing Plus options at some extra cost; this can be an added benefit for homeowners.
Venie Forsythe , TN, OaklandJan 04, 2019
I have had to use this service several times and have had no problems. They are easy to contact and respond to your needs in ample time.Virginia Dobson , KY, LouisvilleDec 06, 2018
I wish I had taken advantage of First American Home Service when my sister told me about them. They are efficient and professional.Robert Novak , TN, MorristownJul 24, 2018
Contractor schedules sometime cause delays. Sometimes thing fall into a rabbit whole. Things sometime happen that are beyond anyone\'s contrill.Erin Merriam , CA, SacramentoJul 20, 2018
Response from Customer Service was fast and we were contacted by the plumber within hours of our request. Service was great and really fast.Dan J , CO, DURANGOMay 30, 2018
Outstanding company of honor. They fix things when broken and try to replace when necessary or do a cash out. Very reputable Company!!Elizabeth Whittenberger , TN, BristolFeb 06, 2018
We have been very happy with them, however, we need to do some research to compare annual renewal cost. Living on a fixed income is a challenge.
America’s Preferred Home Warranty: Preferred Rewards
Based on 920 ReviewsDetailsPros & ConsCostPlans/CoverageReviews
Why We Picked It?
For more than 20 years, America's Preferred Home Warranty has been in the market. The company is a reliable option since they have generally received favorable reviews on our platform and a 4/5 star rating.
Additionally, its multi-family option benefits homeowners who live in apartments or rent their homes to tenants.
- Provides the option to pick your contractor
- Offers extended pipe and roof leak coverage
- Offers only one plan
- Premiums are expensive on lower deductibles
APHW plans to start from $39.58 to $62.08 depending on the deductible and your location. You can select the deductible from $50, $75, $100, and $125. APHW offers Preferred Rewards and Cashback to customers, which can lighten the overall cost.
APHW offers only one plan, the Standard Plan, which covers 25 systems and appliances. In addition to the Standard coverage, customers can buy Premium Plan to enhance their coverage.
Compared to the industry, the coverage offered under one plan is quite comprehensive. Moreover, APHW will protect your home items up to the limit of $25k, which is remarkable.
Eric Channell , OH, NorthfieldOct 31, 2019
APHW is the best! I have worked with them for over 10 years, and they have always provided top notch service, and are willing to go the extra mile.Matt Eizenberg , OH, HudsonDec 21, 2018
Matt McQuerry has been awesome to work with. He\'s been there for us everytime we\'ve needed him and would recommend him to anyone! Thanks!Amy Pic , MD, ParkvilleDec 18, 2018
When I call Steve he picks up the phone. I had my homebuyer call him to assist with a claim. He gave her the number to call and followed up with her.Jeff Cooper , MD, Lutherville TimoniumDec 14, 2018
Representative was very helpful in helping a customer with answers about the warranty, how it works and making sure they knew what was covered.Deb Mcpherson , MD, ColumbiaDec 14, 2018
Great follow up from Sales manager Steven Lunenfeld on being available to answer questions and accommodating my changing schedule.Robert Anthony Obleton , OH, ClevelandNov 27, 2018
Sherry was excellent! She was professional, friendly, and truly caring. She explained everything and made sure I understood the process completely.
Liberty Home Guard: $200 off + 2 Months Free + Free Limited Roof Leak Coverage + Free Gift
$200 off + 2 Months Free + Free Limited Roof Leak Coverage + Free Gift
Based on 198 ReviewsDetailsPros & ConsCostPlans/CoverageReviews
Why We Picked It?
Hundreds of customers on our platform have praised Liberty Home Guard for providing excellent services and promptly responding to customer claims.
The company is available 24 hours a day, seven days a week via live chat and a toll-free phone line, so we rated LHG's response time as the best!
Furthermore, the company is making things more accessible and affordable for customers by offering regular discounts and collaborating with a large team of 10,000 certified contractors.
- Offers coverage without maintenance record
- Provides pest control as an added coverage
- Does not offer customization on plans
The monthly costs of Liberty Home Guard plans can range between $49.99 to $59.99, depending on your chosen coverage. Compared to the industry average, the prices are a bit on the expensive side.
However, if you bill annually, you can avail of 2 months of free coverage. LHG also charges a $90 deductible, which you’re supposed to pay during the services
Customers can choose from three plans with Liberty: Systems Guard, Appliance Guard, and Total Home Guard. As the names suggest, the first two plans cover systems and appliances, respectively. The Total Guard is a combined plan that includes everything from the other two.
You can also add optional coverage based on your needs from a list of 43 items, which includes a pool, pest control, pro-series home items, etc. It is a benefit of opting for LHG as, generally, home warranty companies do not provide pest control.
Sara D , CO, AuroraFeb 08, 2019
The team at Liberty Home is extremely diligent and always makes sure to follow up when there are inquiries. I\'m really happy with them so far.Anderson Taylor , ND, FargoJan 24, 2019
my water heater started leaking last week, Liberty had a handyman show up to my house in a few hours. I love the service. Thanks for the great work
Cinch Home Services: $25 credit for filter of A/C or Refrigerator Unit.
$25 credit for filter of A/C or Refrigerator Unit.
Based on 133 ReviewsDetailsPros & ConsCostPlans/CoverageReviews
Why We Picked It?
Cinch has 45 years of industry experience and distinguishes itself from other home warranty companies by offering a 180-day workmanship guarantee, the highest in the market. The company has closed over 1 million requests across 48 American states.
They also provide homeowners with a digital dashboard for a more effortless claim filing experience. All these factors add up to make Cinch the "Best for Customer Satisfaction."
- Offers $50 for the use of filters for A/C & refrigerator
- Provides a free water sensor for leak detection
- Does not provide services in Alaska and Hawaii
- Charges higher service fees compared to the industry
Cinch Home Services’ plans start from $72.99 and can go up to $105.99 per month, depending on the deductible: $100, $125, or $150. Customers can choose the amount they have to pay during each service visit, and the total cost will be calculated based on the same. If you select the lowest deductible, the premiums get a bit expensive, and vice versa.
Cinch Home Services offers three home protection plans to its customers: Appliances Plan, Built-in Systems Plan, and Complete Home Plan. You can cover 13 items in the appliance-only plan and 18 items in the systems-only plan.
Lastly, with the Complete Home plan, you can get coverage for 32 systems and appliances, plus Homeowners Insurance Deductible Reimbursement- $500, making it a worthy option.
C B Kyle , NC, KinstonMay 08, 2019
Great company do what they say. Rural home found me several repair people. When HVAC could not be repaired they replaced it. Highly recommendElizabeth , TX, KilleenApr 18, 2019
My name is Elizabeth Odeyale. Just signed up but I loved the presentation and attitude and manner of my agent; Mr. Chris White. Keep up the good work
Based on 2,472 ReviewsDetailsPros & ConsCostPlans/CoverageReviews
Why We Picked It?
Home Security of America is preferable if you are buying or selling a home in the real estate market. The company exclusively offers plans for homes listed on the market, and both homeowners and real estate agents can buy these plans.
Moreover, we evaluated several customer reviews on our platform and found that the company holds an above-average rating of 3.5/5!
- Does not require a home inspection
- Provides an online portal to handle complaints
- Offers plans in only 27 states
- Plans can only be purchased via a licensed realtor
The price of the buyer-only and seller/buyer plans start from $595/year, depending on the location. The pricing is comparable to the industry average. Apart from the premiums, customers need to pay a deductible amount during service visits, i.e., $125.
The Seller/Buyer Plan and the Buyer Only Plan are the two home warranty plans that Home Security America offers. Customers can choose a Buyer 7-star upgrade at some extra cost to enhance the standard coverages. Apart from that, if you become an HSA member, you get Pre-season HVAC tune-ups, smart home tech installation, setup services, new appliances, and air filter discounts; which makes the offerings extensive.
Judy Hanson , MN, OsseoNov 09, 2019
Tech very polite and thorough. I wanted a new dishwasher as mine is so old parts are not available. I understand due diligence tho.Ray Williams , MI, JacksonJul 20, 2019
My AC went out and I called to get someone to come out. The AC company was out quickly and repaired the AC. It was repaired at no cost to me.Cindy Cleaver , IA, WaukeeJun 02, 2019
We had service on our air conditioner. Customer Service was great and repairman was great as well. Easy to use got job done we are satisfied!Arshid Rashid , VA, WoodbridgeMay 22, 2019
Well i have this warranty if anything electronic broke i just pay the co-pay and they take care of the rest. So far my experience with HSA is good.Brittany M , PA, PittsburghMay 09, 2019
We needed our new house rekeyed. The locksmith was very professional and prompt. Everything was a breeze to set up, and it was done in no time.Lisa G , IA, Des MoinesApr 23, 2019
My furnace stopped working on a weekend evening. When I called Monday morning, got an appointment right away. Quick, friendly service!
Based on 2,488 ReviewsDetailsPros & ConsCostPlans/CoverageReviews
Why We Picked It?
Home Warranty of America is among the handful of companies with over two decades of experience in the industry. Recently, Choice Home Warranty acquired certain assets of HWA, but the company continues to operate as a standalone brand.
Based on 2,486 customer reviews on our platform, Home Warranty Of America’s overall claims-filing process makes it a preferable choice. Specifically, their online claim process makes it easy for customers to file claims when they encounter issues at home.
- Offer a 30-day money-back guarantee
- Provides 13 months of coverage
- Does not disclose coverage limitations
- Charges some extra fees on the monthly payments
The Select Plan costs $46.04 monthly, and the Select Plus Plan costs $58.33 monthly. Moreover, the company does not disclose the deductibles; however, the premiums are comparable to the home warranty plans offered by other industry leaders.
HWA offers a Select Plan and a Select Plus Plan with various add-on options, which customers can buy in exchange for a few dollars. The company also offers various add-on options, including an Orange Plus plan that covers rey-key, code violations, and permit fees, which is a plus.
Terri Murphy , UT, SpringvilleJan 10, 2019
Received call back 35 min after filing claim. Tech made appointment and came out following morning. Quality work completed-totally satisfied.David Sgromolo , NM, ClovisSep 13, 2018
Great service,second year with HWA. Never had a problem with customer service. I Would highly recommend home warranty of America to anyone.John Chiurato , IL, Long PointAug 01, 2017
Absolutely zero hassle! Claim was easy to submit, I was in contact with repair person quickly and the job was done right and promptly.Home Warranty of America , IL, HuntleyApr 27, 2017
Great company with great contractors. Would highly recommend this company. Have always been given great service. I am a 5 year customer.John Gretsuk , NC, Wake ForestFeb 08, 2017
Have had to use HWA a few times and the service and people are polite & knowledgeable, I am extremely please I chose HWA for my policy.Jilane mince , MS, Long beachDec 25, 2016
This is the best warranty company.Had on a previous home.I highly recommend it to everyone who owns a house and to keep it enforced at all times.
How To Choose The Best Home Warranty Company?
Selecting the first available or least expensive home warranty company may appear easier, but by determining your specific requirements, you can pick the best home warranty company. So, what process do you require to get an ideal home warranty service for your home? Let’s take a look.
Determine The Coverage Requirements
Identify appliances and systems critical to the operation of your home, especially those that are relatively old and require more protection. If you want to buy a house, your realtor can obtain this information from the agents and sellers.
If you've been living in your home for a while, check the owner's manuals for your appliances to determine each item's age. Make a list of the articles you want to get covered by the home warranty plan.
Find Local Providers That Match Your Needs
Various national players offer services nationwide. Still, one must also look at more locally available companies. Having a local provider and contractor can help you in many ways – they are aware of the weather conditions, they can better understand your coverage needs, they can reach your place faster when a situation occurs, etc.
So, once shortlisting such companies, request quotes or thoroughly read their plans because every home warranty provider has a different USP.
Check the Fine Print & Pay Attention To Exclusions
We have noticed many customer reviews on our website concerning claim denials, where people state that their claim was not approved. And, the company in defense mentions that the product was not covered!
Hence, reading the limitations and exclusions is extremely important to avoid claim denials. Some companies offer overall caps, meaning they'll only spend up to a certain amount on each repair made to the covered items. While some other companies cover home systems and appliances up to a dollar amount, leaving you responsible for the rest.
So, before finalizing the deal, you must know the extent and limitation of coverage for all their appliances and services.
Read Home Warranty Reviews
Finally, find out what other customers say about home warranty providers. Real-time experiences from your fellow homeowners can help you decide whether the company’s promised services are reliable. You can check the reviews to see how the home warranty companies handle customer complaints.
We have more than 100,000 legit customer reviews on our website, i.e., HomeWarrantyReviews.com, that you can check to find a credible service provider for your home!
Once you tick each box from this list, you can easily pick the best home warranty company and a plan for your home to enjoy peace of mind.
How Does A Home Warranty Work?
Once you purchase a home warranty plan, you can file claims if any covered items malfunction, generally after a 30-day waiting period from the date of purchase. The steps below will help you file a claim and get the company's promised service.
- Firstly, you can contact the company via its provided guidelines to request a service. You can either call the company or reach out to it through e-mail. After submitting the request, the company will process it further and assign you a licensed contractor or technician.
- The technician will arrive at your doorstep within 12-24 hours or later, depending on the provider. They will diagnose the problem and inform the company about it. The company will then verify your service request and process it further.
- Depending on the verification, you will receive a repair or replacement service. In exchange for this, you must pay a service fee as mentioned in your contract.
Note: The process may change depending on the company, so we encourage you to read the service agreement carefully.
Are Home Warranties Worth It?
A home warranty is worthwhile for homeowners looking for peace of mind regarding their home's appliances and systems. Home warranties are a great way to safeguard investments in any unforeseen repairs. So, whether you are purchasing a home or are just worried about the lifespan of your systems or appliances, a home warranty can be your go-to option!
Frequently Asked Questions (FAQs)
Here are some of the commonly asked questions:
Who Needs A Home Warranty?
A home warranty is a good idea for people who own older homes with aging systems and appliances likely to break down. It can also be a good purchase for landlords, home buyers or sellers.
Which Company Has The Best Home Warranty Program?
It’s difficult to pinpoint any one company since they all tend to differ on various parameters. We shortlist the best companies based on various criteria and present them with awards on annual basis.
What Is A Trade Service Call Fee? Should Homeowners Bear This?
A trade call fee is a payment a customer must pay during service visits. Companies also refer to it as deductible, service fee, or copay. This amount is non-refundable and varies depending on the company.
Who Regulates Home Warranty Companies?
Home warranty companies are regulated by different bodies in each state, such as the Texas Real Estate Commission in the state of Texas. Overall, the National Association of Insurance Commissioners also makes a lot of statements about the service contract industry, though it is not insurance.
There is a self-regulating body called the National Home Service Contract Association (NHSCA), the members of which follow regulations and ensure that they are properly licensed.
What To Look For In A Home Warranty Company?
While choosing a warranty company, carefully check out the company’s service agreement, inclusions, exclusions, and cost details, among others.
What Isn't Covered Under A Home Warranty?
A home warranty typically doesn’t cover damages due to improper installation, cosmetic issues such as scratches or dents due to failed maintenance, misusing items, or repairs that are not included in your coverage plans.
What Is Covered Under A Home Warranty?
A typical home warranty covers the cost of the service, repair, or replacement of major home appliances and systems. Every company has different coverage options, which you can check in their agreements.
How Long Does A New Home Warranty Last?
Generally, a home warranty lasts for a year, but the majority of companies renew the home warranty at the end of the term. Some companies also offer plans for longer terms.
What Is The Average Waiting Period Of Any Warranty Company?
The average waiting period of any home warranty company is 30 days. However, it may increase or decrease depending on the company. So we recommend you confirm it with your home warranty provider at the time of purchase.
What Are Home Warranties For Multi-Family Homes?
Home warranties for multi-family homeowners renting one or many appliances and services with their tenets or other households. This coverage is particularly useful for homeowners residing in apartments or family dwellings.