Once your home hits a certain mark, be it four or five years down the line, rising home repair costs are inevitable. Even if your veteran status offers access to housing allowances or such, it is best to start thinking of getting a home warranty in case of unexpected breakdowns.
A broken washer or a leak in your plumbing system may easily cost you thousands of dollars to repair or replace. A home warranty policy can help you cut back on the amount you spend on these fixes. For veterans, some home warranty companies tend to have exclusive discounts or offers.
Read on to find out the best home warranty companies for veterans.
Our list is curated based on many factors – comprehensiveness of coverage, affordability, service quality, and more.
Discount – $50 off on multiple properties, $25 off on referrals, Appliance Discount Program
Premium – $39-$70
Deductible – $85-$100
A pioneer of the home warranty industry, American Home Shield plans are based on their 50 years of experience. As such, their coverage is easily one of the most comprehensive options available with each of their plans offering varying levels.
Discount – First Month Free, Free Limited Roof Coverage
Premium – $45-$60
Deductible – $85
Choice ticks every box in the list of a top company in the home warranty space – comprehensive coverage, large contractor base, labor and parts guarantee and more. They may also offer a discount on their plans for military personnel if you provide a specific address.
Discount – $200 Off, 2 Free Months, Free Gift on Purchase, Free Roof Leakage Coverage
Premium – $60-$80
Deductible – $60
Liberty Home Guard is one of the best-rated home warranty companies. Their coverage options backed by friendly customer service and trained contractor base makes them worthy of consideration. LHG also offers discounts on their plans for military personnel.
Discount – $200 Off, 2 Months Free
Premium – $50-$60
Deductible – $75
ServicePlus Home Warranty, formerly known as Total Home Protection, provides adequate coverage options in the form of two plans and a variety of add-ons at an affordable price. While they may not offer discounts for veterans specifically, they do provide attractive deals for all.
Discount – Military Discount Available
Premium – $30-$50
Deductible – $85
A longstanding name in the home warranty industry, First American Home Warranty, is a budget-friendly option for all kinds of homeowners. They are also one of the very few companies that offers discounts on their services for active and retired military personnel.
Note – The listed discounts are general and applicable to everyone. Liberty Home Guard and Choice Home Warranty are the only ones that offer exclusive military discounts.
There are many home warranty companies in the market. Some may have exhaustive coverage options at a higher cost while others have lucrative offers and deals running throughout the year but may offer limited coverage. Both are viable options and you should choose one based on your requirements.
That being said, there are other things that you should consider while deciding on a home warranty purchase –
Once you decide on the one, you can purchase the plan online from the company of your choice.
The claims process for a home warranty works the same for ordinary citizens and active or retired military alike. It’s a simple enough process once your home warranty kicks in after the waiting period. A brief overview of the process looks like –
Note – Your home warranty provider may reject your claim if the damaged part is not covered as per their contract or if the reason for damage is not due to regular wear and tear. Read your contract carefully to understand these exceptions and avoid claim denial.
A similar process will be carried out for any subsequent claim requests you may have.
A home warranty plan will cover the major home appliances and systems in your home along with an assortment of optional add-ons.
Common Optional Add-Ons
Note: The list is not exhaustive.
On average, the monthly cost of a home warranty ranges from $30-$60 and the annual cost from $300-$550. The deductible amount can be around $60-$150. The cost of your optional add-ons will be dependent on the offerings you choose and their charge.
The cost of your overall home warranty will be based on other factors – the size of your home, whether it’s a single family home or multi-unit property, your area, etc. Find out exact pricing details by getting a quote.
Note – USAA offers military discounts for home warranties if you are a member.
Now that you’ve learned everything there is to know about house warranties, including how they operate, how much they cost, and which firms are the best, the question is whether they’re worth it. Does a veteran’s home warranty pay off in the long run?
When evaluating whether or not a house warranty is worthwhile, there are a few aspects to consider. Your existing budget and your savings are the two most crucial factors. You can avoid the home warranty if you have a lot of money in your emergency fund and don’t mind spending it on things like air conditioning repair or a damaged stovetop.
If you want to put your money toward anything else, you might want to look into the benefits of a house warranty for veterans. A home warranty is a good decision if you can afford the monthly costs and agreed-upon service call fees, especially if you live in Virginia, Alaska, or Montana, which have the highest concentration of veterans.
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You can start using the home warranty after the specified waiting period. For most, it is 30 days while some may have 15.
No, a VA loan requires a one-year builder’s warranty for new construction homes. and a ten-year builder’s insurance or warranty if the property in question is either proposed to go for or under construction.
Yes, home warranties are available for vets living as tenants. However, you should note that they should be purchased by the landlord.
No, American Home Shield does not offer any discounts for veterans.
Yes, it can bring you great peace of mind to know that repairing or replacing an important part of your home is just a call away and at a nominal cost.
Homeowners insurance covers costs for damages caused to your structural property due to unforeseen circumstances. Home warranty coverage covers the repair and replacement of your home’s appliances and systems when they break down due to wear and tear.
You can learn more about the difference between these two services in our Home Warranty vs. Home Insurance blog.