Home appliances shut down from time to time. The amount spend on fixing the same is often very high and you cannot hide the elation you feel when you get them fixed at a very low rate. Delta Home Protect was one such home warranty company that protects your home system and appliances from unexpected breakdowns with flexible plans and low premiers.
However, over the past two months the number of complaints against the company have spiked up a lot and it is to be brought to your notice that the company has been dysfunctional for the past two months or so. Company’s website is not functional anymore and the phone calls to the number given have become non-responsive. The social media sites of Delta Home Protect have also been shut for the past two months or so.
HomeWarrantyReviews.com has already given you a warning about the same. But this does not mean that they are out of the business altogether. The site has been shut for a while stating the need for maintenance.
This surely has caused an inconvenience for all the customers who have taken premier policies with the company. How much ever atrocious this seems like, there have been similar incidents that happened in the past. There are a bunch of few other home warranty companies that have been shut down along the way. Do keep a track on the companies that have fallen out of business before committing to their promises.
If you are an existing customer of Delta Home Product, it is natural to feel the disappointment when you have invested the money and are not delivered with the results that were promised to you. However, do not lose hope completely. If you are a customer of Delta Home Protect, you can try the following options to recover from the situation.
If you have read through the article, you would surely have got the idea that not all home warranty companies keep the promises that they have made. Hence it is very important that you are fully aware as to what is happening around you and how reliable is the company that you are looking for. It is essential that you pick up your company intelligently and do not jump into any quick decisions that might get you into a financial loss.
It is very common for anyone to wonder if it is worth getting a home warranty. A home maintenance calculator helps you find this out. It gives you an approximate amount that you would have to spend on your home appliances. Thus, this would help you resolve the mental dilemma of deciding if a home warranty is profitable for you or not.
HomeWarrantyReviews.com is a website that provides you with reviews about the different home warranty companies. You can visit the website and see for yourself which are the home warranty companies that are reliable and which are the ones that cannot be done. This would help you to choose your home warranty company intelligently and would save you from unpredictable problems that might happen in the future.
Therefore, always make sure that you do a thorough research about the home warranty company before you opt for it. Choose intelligently so that you can avoid any unpredictable problems in the future. Go through the home warranty reviews or BBB ratings before you make a decision.
Freon is not as common a word in the American lexicon as it used to be. And that is greatly due to the phase out of the product that started decades ago. That common household name was once the main chemical component in central heating and cooling systems, but that started to gradually change in 1987 when the U.S. government decided to gradually get rid of the ozone damaging chemical. That chemical, technically referred to as r-22, is only a handful of years away from the end of its U.S. phase out timeline.
Your home’s air conditioner, when it’s working the way it should, does not need added coolant. But like most machines, the ideal condition and the real world condition of the average central heating and cooling system differ.
People who have recently discovered leaks in their older HVAC systems will already be aware that it’s getting more expensive to recharge the coolant. As less r-22 is available to technicians and homeowners the costs will probably continue to increase. Here’s what I learned about this trend and what we all may expect in the future.
Some U.S. homeowners are immune to the problem of rising Freon costs. Newer homes, particularly ones built after 2010, typically have HVAC systems that use newer coolants, ones that will be around for a long time and are produced and distributed in greater quantities. But those of us with the older systems face a dilemma. Do we upgrade to a newer HVAC system, a decision that involves lots of out of pocket costs, or do we continue to accept the rising expense of recharging the coolant in leaking systems that regularly require a refill?
After researching this myself I concluded that the most cost effective choice is to leave the existing system in place at least until 2020, but that is only true if the system is running well and not leaking coolant. I also believe that a system that requires some component repair or replacement but does not leak is cheaper to keep than replace. I found that to be true after looking at the prices of replacement parts. Long after r-22 is no longer made there will still be new parts manufactured for the older systems. Those parts will not contain any coolant though. That is the most important thing to consider when making your own decision. At what point is it more expensive and time consuming to find a technician or coolant source still carrying the old coolant type? That will likely vary from one area of the U.S. to another. But keep in mind that some of that coolant will still be available in the form of reclaimed product, taken out of systems and reused, for years to come.
If your HVAC system is in poor condition then you may be better off trying to find a way to afford the cost of replacing the entire system. I arrived at that conclusion after examining the costs of replacing individual components of an older system. And here is the real problem with continuing to fix that old system. The newer coolant type, r410a, does not work with older systems. Trying to convert a system from r-22 to r410a is highly impractical. The system pressure is higher for r410a, the lubricant type is different and overall it’s a throwing good money after bad to even attempt a conversion for most homeowners.
Anyone in this situation who plans to keep the house for more than a few years should think seriously about financing options. Some local utility companies and some HVAC installers offer financing options. And in some instances the monthly payments may be very reasonable. On the other hand a homeowner who does not intend to keep the house much longer can’t look at such a hefty cost as a good idea unless the new HVAC system will result in an equal or greater boost in the sales price of the house.
There’s another thing to consider in all of this. If your system is leaking heavily then it’s not just costing money to recharge. It’s also releasing a chemical into the air in your house and ultimately into the atmosphere. And there is a good reason that the chemical was marked for phasing out in the first place. It certainly isn’t helping the environment to have it being released into the air from lots of older homes. For some homeowners that, coupled with the greater efficiency of newer HVAC systems from an energy use standpoint, is enough to make the cost of the new system acceptable.
So, you have decided to purchase a warranty that’s going to protect your budget against unexpected repairs and replacements of your household devices. It is a wise step, but you might also want to know about the options you have when you buy warranties. We bring you the list of the most common types of warranties that are purchased to cover household appliances.
Warranties can differ based on several criteria. The age of appliances, age of the home, current conditions of the device are all significant factors that you must consider before you zero in on a household appliance protection plan.
The working is pretty much the same for all these plans. When a device cracks, you inform the folks from whom you purchased the warranty and then they send over a technician to fix the damaged device. You will pay a service call charge each time you raise an issue. And, you can’t report multiple issues in a single call.
Before we go into all that, we have to tell you that the Homeowner’s insurance is something that is not included in this article. It is an entirely different plan and if you wish, you can read about the differences between Homeowner’s insurance and Home warranty.
Let’s begin with the list
We bet that you have definitely heard about this one! This is also the most widely used plan. The Home Warranty also called as the Appliance Warranty/ Appliance protection plans ( it is known by quite a number of names, would take sometime to list them all out) is a service contract that agrees to offer discounted repairs and replacements of your household appliances.
This plan is ideally suited for customers whose appliances are over 4 years. Appliance protection plan covers damages that result due to regular wear and tear, so if you have brand new devices, chances are that you won’t need frequent repairs.
Also, this is not a free of cost arrangement. As a matter of fact, none of the plans discussed here are free. They do cost money, but the amount is nominal as compared to how much you will be paying if you had to carry out the repairs and replacements by yourself.
Home warranties cover almost all the major appliances and systems in your home. They don’t cover the outdoor devices like sprinklers and all that. Read your policy document to get a better idea. You can also read a brief description about the appliances that are covered.
If you think that this is the ideal plan for you, we suggest that you read more about Home Warranty before you make a move.
This too is a familiar name. It is the kind of warranty that the appliance’s manufacturer provides for a limited period of time. Meaning that when you purchase a brand new appliance, the manufacturer’s warranty agrees to repair/ replace your device if something happens to it during the stated warranty period. The time frame changes from manufacturer to manufacturer. The average is often 1 year.
This warranty is a kind of legal binding. If they displease you by not honoring the conditions mentioned in the warranty contract, you can sue them.
Most new gadgets come with a manufacturer’s warranty, even if you buy them online, you can get the manufacturer’s warranty. Major appliances like HVAC units come with longer warranty periods. But keep in mind that the coverage doesn’t remain the same thoughout the warranty period. From second year on-wards, you will be paying for the repair service as the coverage becomes limited to certain parts alone.
You can’t use a Home Warranty to cover a device that is already covered by it’s manufacturer’s warranty. As stated before, Home warranty is for devices that are old, used and no longer covered by the manufacturer’s warranty.
Also called as the dealer’s warranty, and is the warranty that is provided by the seller of the device. This is a very short duration warranty, usually around 6 months and if a defect occurs within the stated time, you have to take the gadget to that particular seller itself and no one else. It is not a very flexible and easy plan, but it is definitely better than no warranty at all.
This is the kind of warranty that gives you the choice to extend the manufacturer’s warranty as and when it expires. These are ideal for the devices that are not covered under the Home Warranty plans eg., TV, Laptops, etc.
You can’t avail extended warranty on used and old devices. They can only be taken for fairly new gadgets whose manufacturer’s warranty expired recently.
These are third party service contracts, often provided by the seller or repair vendors. The costs vary widely as these contracts are usually given by local yet licensed service vendors. The coverage also varies so it is difficult to give much details about this type of warranty.
Speak with a few vendors and compare with the other options you have.
Getting the best
Do your research to get the best out of Appliance warranties. Always ensure that you chose a reputable company. You can also check with the Better Business Bureau to ensure that the company you chose has a clean record. Friends and family can also recommend good companies for you.
Remember, any kind of warranty, if chosen wisely can benefit you immensely by protecting your budget and also by giving you peace of mind.
Home Warranty or appliance extended warranty are basically insurance policies for the appliances and systems in your home. Hope you never have to employ them, but glad you have it when your appliance breakdown. With cost of service & electronic components, your repair bill could end up being the same as the price appliance was bought for.
This article will help you in deciding on what is more pertinent, buying a home warranty or extended warranty.
Home Warranty – Valuing Your Possessions
‘Home Warranty’ is typically provided by the builder to a new homeowner. This covers major household appliances and systems such as washing machine, refrigerators, gas system, central heating and plumbing. Remember, you are only covered if the failure of the appliances or systems is not a result of mishandling or misuse.
Extended warranty, as the name suggests is usually purchased for a specific appliance(s) or system(s) for a definite period. This warranty is generally provided by the OEM (original equipment manufacturer) or any of their subsidiaries or partners. Extended warranty begins once the standard warranty on the product expires and comes with a cost.
The least you must be expecting from a warranty on a new appliance is one year on parts and labor. This home warranty cover flaws in parts and workmanship for that year. Generally this warranty will be on site service except for smaller units that may have to be transported to the nearest service centre at the owner’s cost for repair.
This warranty generally starts from the date the appliance was purchased, delivered or installed.
Appliance warranties may or may not cover “cosmetic” or “customer instruct” claims. Cosmetic claims might be a scratch, broken plastic trim piece or knob. Some manufacturers will cover these claims for the first 30 or 60 days. Customers instruct calls can include installation issued calls or operation calls which will also be covered for the first 30 or 60 days.
Limited warranties are extended warranties on specific parts of your appliance. These limited warranties are stated in owner’s manual and have fine print, so ensure you read them carefully. Most of the limited warranties offer the part free of cost, the customer may be asked to pay for labor.
Below are some examples of limited warranties.
Parts replaced under a limited warranty will not increase the warranty period. Generally they will only be assured for the remaining life of the original product’s warranty period.
Lastly, these extended warranties or any appliance warranties are not transferrable to a second owner so keep this mind while buying or selling a pre-owned product.
When repairs on appliances are needed, they can be pricey. Here is a list of appliance types and some repairs that we think might call for a purchase of a repair contract.
When a major problem occurs, specially a built-in appliance, it may not be easy. Some built in appliances are not uniform in size and cabinet work may be required to replace this appliance. In this case, getting the appliance repaired may be expensive. Contract would definitely be best for this case.
Many modern day appliances have electronic controls. If you live in an area that is prone to power outages, surges or fluctuations, electronic appliances have a bigger danger of being damaged. Most electronic boards are not low-priced to replace, as some cost well over $300 for the part alone. In this case, an agreement would perhaps be wise.
Majority of gas ranges use electronics for control and ignition of the gas. These parts need service or replacement through the life of the stove. Glow bar igniters in your oven are not hard to replace but the cost for these parts are $50-$150. Control boards cost generally from $100-$250. With these costs alone, you can purchase an agreement.
Standard gas ranges require fewer repairs. These stoves are very simple and can run for a lifetime without a repair. Moreover, of gas stoves can still be used even if you have a power outage. In this case, agreement is not recommended.
For electronic, self-clean, glass top stoves, a contract is always recommended. Parts on these stoves are usually pricey. Elements alone can cost almost $200; glass tops can cost $600, and controls up to $250.
In case you are purchasing a simple, basic coil type stove, repairs are fairly low-priced. In most of the cases these repairs can be done by the homeowner and he/she shouldn’t be worried about a repair agreement.
Gas dryers must be serviced by skilled technicians only. Sometimes heating problems are difficult to diagnose and can be dangerous if not corrected properly.
Do your homework BEFORE buying home warranty or extended warranty for your appliances or systems. Understand the “Terms and Conditions” of the contract, specially its limitations.
Be sure you know:
Asking the right questions BEFORE PURCHASING will prevent unwelcomed surprises!
‘Extended Warranties’ usually mirror your original home appliance warranty, offering repair, service and replacement of major systems and appliances within home that breakdown. Extended warranties can be provided by the manufacturer, the dealer where you purchased it, or third party. Manufacturers will generally let you procure an extended warranty at the time of purchase or during your warranty period. Since these warranties are offered by who made your appliance, so the service will generally be provided by the same people who provide the warranty work.
These service companies usually have the proper training for your appliance and are more knowledgeable about your appliance. Dealer extended warranties will either service your appliance themselves or use an approved service provider. Either way, the service company must be trained for your appliance similar to the manufacturers extended warranty contract.
Third Party extended warranty is generally managed by a national company. One more thing that you should keep in mind is that some credit card companies extend the manufacturer’s warranty by a full year when you pay using one of their cards.
Home warranties are all the time, a third party company and are a bit different than extended warranties. These warranties cover your entire home which includes plumbing, HVAC systems, electrical appliances and other items. The cost related with these home warranties is based on the items that are actually being protected and on the type of deductible or service fee you sign up for.
Home warranties can be procured any time without any age restrictions or an inspection of your home and equipment. In addition, sellers, builders and real estate agents provide these home warranties when selling their houses.
These home warranties need to be read very carefully. Home warranties have the most omissions and generally the highest deductible cost to the homeowner.
There are dozens of home warranty companies which do not perform the work themselves. They sub-contract all the work out to independent, generally local, service shops of all types.
The majority probably have the disguise and feel of a well resided home. Apartment living is a great way to save money and it gives you the liberty to move around, as you wish for. Entertaining in a well designed apartment will make you feel good and will most probably make you like living there. Decorating your apartment economically will make you feel good when you entertain, and when enjoying your place on your own.
Decorating your apartment does not have to be pricey or boring task. It should be a fun process that lets you discover your creativity to create an apartment that defines you. Decorating also serves as an opportunity to allow your personality shine, while creating a home that is comfy, budget-friendly and attractive. To know more about this check out our Home Appliance Warranty guide.
Moving into an apartment is always expensive with deposits and other costs, so here are 8 cheap ideas to decorate and furnish your apartment and to make it the best it can be.
Apartments are usually small confined spaces. Using mirrors is a great way to make your apartment feel larger and give it a homey feel. You can find large ones to cover the total wall if you want, but prefer different sized framed mirrors. Framed mirrors give a little extra pizzazz and a more expensive look than plain border less mirrors. If you like conventionality, you can paint the frames to your liking.
If your room is large enough you can “float” the sofa in the middle and add a console or low dresser behind it. This can give a nice barrier between the dining and living area, as they are generally shared spaces. You may have to move it around a bit to get it the way you wish for. You may even put up a nice room divider at the back of the sofa to break it up even more.
Many apartment complexes have set of rules about not being able to paint the inside of your dwelling. If they do, it’s likely an off white/boring white color. In order to avoid the plain bare walls you can paint your furniture instead. Be artistic and paint an old table, wood chairs or an end table a brilliant color. Paint is easy, cheap and a cost effective plan to bring color into your home. Another idea, go to a swap meet, yard sale or discount store and find bright cheap artwork to hang on your dull white walls to bring out the zest.
You could make use of curtains as a means to decorate your plain walls without painting or wallpaper. It gives the look of luxury and gives the delusion you have windows behind drapes. Use long drapes that hang from the ceiling to the floor to give height to the room rather than a tiny window or just a plain blank wall.
In today’s ultra-modern world many people telecommute for work. If you are staying in an apartment you may not have the room for a home office. In case you need a workspace, one idea is get rid of the dining room table and substitute it with a console table or an old farm table that fits the area. This will offer it an industrial look and provide ample space. Rather than dining chairs, get some folding chairs that can be folded and stored under your bed. You can use a ergonomic desk chair with wheels while working. This will give you the chance to use the table as a desk or as a dining table when you have guest.
Most apartments are boring and dark; proper lighting improves the decorating scheme in any room. There are many light sources obtainable right from natural light, lamps to salt crystals. Natural light is the best source when possible. It’s the most cost-effective.
Shelving can be employed in any room of your home and it gives a nice placement for your general storage needs. You can make use of mason jars, baskets or any nice containers to keep on the shelves. Floating shelving are usually nice and can add extra elegance to any room.
Normally apartments don’t come with polished hardwood floors many of us dream about; they generally have carpet with three generations of living already built in. Most will have a few marks and you will usually have to live with it. However, there is an answer to the problem and it’s called area rugs. Area rugs are great for covering stains and dull colored carpet.
Plants are a great way to bring life into your apartment. They appear great and have health benefits also. Plants help control humidity, clean the air and help lessen noise levels. They also improve the “energy” in your living space and add an organic touch.
Decorating an apartment can be a tricky task. There are limits to what can be done and rental rules you must pursue. Inexpensive apartment decorating ideas can help you plan the perfect apartment you will always adore. You don’t need to hire a costly interior designer.
Good taste does not have to come with a giant price tag. You can with no trouble stay within a restricted budget when decorating anything, particularly a small apartment. Sharp eye for bargains and creativity is all that you require decorating a small apartment on the cheap.
Warranties for newly built homes guarantee to replace or repair certain elements of the home, if needed, within a definite time. If you are bearing mind a new home warranty, it is significant to realize what it covers, how to make a claim, and the procedure for resolving disputes with the builder or warranty company.
A new home warranty can offer peace of mind for homeowners, assuring that if something goes wrong in the early stages of a home’s life, it will be covered. Many appliance service contracts sold to homeowners are backed by the builder; others are procured by the builder from an independent company that presumes liability for certain claims. For added protection, homeowners may pay for coverage on their own from third party warranty companies in order to supplement the coverage their builder offers. The Federal Housing Authority (FHA) and the Department of Veterans’ Affairs want builders to buy a third-party warranty as a way to defend buyers of new homes with FHA or VA loans.
New home warranties usually offer limited coverage on workmanship and materials relating to different components of the home, such as heating, windows and air conditioning (HVAC), electrical systems, and plumbing for definite periods. A warranty also normally defines how repairs will be made.
The length of coverage differs depending on the component of the house. Coverage is offered for workmanship and materials on most components all through the first year. Coverage for plumbing, electrical systems and HVAC is usually two years. Some builders offer coverage for up to 10 years for “major structural defects,” sometimes defined as problems that make a home insecure and put the owner in danger. For example, a roof that could crumple is a “major structural defect.”
Nearly all warranties for newly built homes, however, do not cover costs an owner may acquire as an outcome of a major construction defect on warranty repair, similar to the expense of having to move out of one’s home while repairs are being made. Nor do they in general cover:
To know more about coverage, look into what’s typically covered in a home warranty plan.
If you have a flaw in your new home that may be covered by your warranty, first study the warranty or service contract cautiously to ensure that your problem is covered. Give particular concentration to the length of specific types of coverage.
Specialists suggest that its owners pursue the matter with both the original builder and the home warranty company. The builder possibly will defer to the warranty company, but at least they have been alerted.
Homeowners must make a list of the troubles that they want to get resolved and should make sure that the problems are covered under the home warranty. Pay attention to the “performance standard” section of the document, which records common problems and explains to what extent the builder is liable for fixing them.
Next, file your claim as per the instructions in your warranty, and put your application for repair in writing, even though the company offers a hotline for urgent needs. Ask for a return receipt, and keep a record of your correspondence and conversations with the company. Probabilities are your claim will be managed to your satisfaction, but if a dispute occurs, it’s good to have a record of your dealings with the builder and the warranty company.
In best-case scenario, the builder or the home warranty company will fix the problem. If issues continue, however, the problem could go to settlement.
One way to safeguard against future problems is to appoint a home inspector to inspect the house before taking custody. Many new homeowners think that they don’t need a home inspection since municipal building inspectors have signed off on the work done in the home; the house is new; and it is covered by a home warranty.
New homeowners should also bear in mind to keep a maintenance file comprising documentation of everything done on the home, including regular and special maintenance. The paperwork will come in handy if a claim is required.
In filing a claim, homeowners must keep in mind to be persistent. It may take a while. In the end, diligence pays.
Frequently, a dispute occurs between a homeowner and a builder or third party company over whether a defect is covered or whether repair was finished appropriately. Many warranties provide for meditation of disputed warranty claims on newly built homes, followed by compulsory binding arbitration. In meditation, a unbiased third party – a mediator – assists the homeowner and the company resolve the problem by making the discussion easy between both parties. It is up to the homeowner and the company to settle an agreement.
In case meditation does not work to resolve the dispute, it is possible that the homeowner would be needed to put forward any claim to arbitration, instead of going to the court. In this procedure, an “arbitrator” or panel makes a decision or award once the participants present their cases. Some warranties let the homeowners pick an arbitrator from a list acceptable to the builder or the third-party warranty company.
Arbitration is less formal than court. Most warranties want that both parties obey the arbitrator’s decision, without appeal. If your loan is funded through the FHA or VA and you file a claim against the third-party warranty company, you can opt between arbitration and going to court. If you pick arbitration, realize that you are bound by the verdict.
Even though arbitration is normally less pricey than going to court, home owners can anticipate shelling out several thousand dollars so as to take their claim through the process, based on the complexity of the arbitration. Understand your warranties carefully to decide what arbitration outlays or costs the homeowner is liable for and what expenses the builder must pay.
A few companies provide homeowners the option of arbitration or going to court. Sometimes builders disburse all costs related with arbitration to support a homeowner to agree not to take the issue to court.
You can also use our absolutely cool tool to get a free home warranty quote!
To discover more about warranties on newly built homes, get in touch with your state or local builder’s board. If you have loan insured by FHA, call the closest U.S. Department of Housing and Urban Development field office for additional information. In case you have a VA loan, you can contact the nearest VA office.
Further, you can also compare and choose home warranty companies depending upon your requirements.
Most of us consider homeownership as a treasured experience. It is a common dream to own a home someday. While the experience is indeed one that gives tremendous joy, it too has a certain not so joyous side. Most common troubles associated with homeownership are usually monetary in nature. Let’s take a look at some of the statistics that are sure to shock you!
For many, the initial days of being a homeowner are filled with happiness and a sense of accomplishment. Once those days pass, the reality sinks in, homeownership is a pricey experience. For those of you who are not aware of the various costs that are associated with homeownership, this article may surprise! We’ve borrowed the results from the U.S. Census Board’s survey that conducted a study to identify the various costs of being a homeowner. Let’s take a look at some such costs
This is a very familiar term. Everyone knows that a house will require maintenance, but does anyone know exactly how much? The Census Board believes that, on average, every home requires annual maintenance costs that is around 1-4% of the home’s value. And this percentage steadily rises as the house ages.
It’s no big secret that appliance repairs/ replacements are expensive affairs. Maintaining them will be hard on your budget if you don’t have any form of protection or service contract for that. As per the studies, home maintenance makes for the biggest chunk of expense any homeowner is bound to encounter.
Research revealed that on an average a $200,000 home will require at least $2,000 in repairs and general maintenance expenses alone. Average appliance repair costs alone range between $100 to $350 in a year. This is precisely why home warranty plans were invented. Such plans cost only around $200-$600 a year and they will provide you with discounted repairs/replacements, which in the long run would help you save thousands of dollars!
This too should be a familiar term. The Census Board says that between the years 2007-2011, around 60% of the counties in U.S. reported the average property tax to be somewhere around $500 – $1,500. Here’s a fact to shock the living daylights out of you, the average annual property tax in Westchester county, NY was $9,647. Worried?
Now this one must not have crossed your mind. Almost all homes in U.S. are equipped in heating and cooling units. As per surveys, home’s using electricity for heating will spend $900, homes using propane $1,666 and homes using heating oil will spend $2,400 on average heating costs.
Cooling thankfully runs on electricity alone and research suggests that on average a home incurs around $300 annually by using air conditioning systems.
Yet another one that makes up for one big chunk of money. HVAC repairs, on average cost around $400 a year. Furnace repairs sometimes cost upto $800 a year. At least for the sake of avoiding such expenses for HVAC units, we recommend that you purchase a home warranty plan. $300 a year for a host of appliances is better than $800 a year for one unit. Is it not?
Sadly this list does not cover all the expenses that a homeowner has to meet, it lists only the main ones. We strongly recommend our readers to go through the various benefits of home warranty and to purchase one if your home and its contents are 4+ years old. You can even use our website to obtain a free quote and to take a look at top 10 home warranty companies.
Our readers are encouraged to approach us should they have any concerns or queries. We hope you enjoyed reading this article. Do come back for more. Cheers!
Your home is the center of your everyday life and possibly your most valued asset. When your home is destroyed or damaged, you want your claim sorted out by an insurance company that realizes this simple fact. A right homeowners’ insurance company best meets your needs and provides you with the most valuable blend of quality service, custom-made coverage, and fair pricing in policies.
Depending on where you live – an apartment, house, or condominium – the right home insurance plan can give you peace of mind along with the money you need to replace or repair your home and/or stuff. Home insurance policies vary by the type of coverage you choose, the losses covered and the type of residence you own. You pick a policy that is best for you, whether it’s an all-inclusive policy that covers losses such as smoke, fire, falling objects, and theft of personal property, or whether it’s a policy that covers specified losses.
Your home insurance plan is made up of the precise options you select. The amount you pay for your policy depends on what coverage you buy, how much you want to cover, and where you set your limits. There are many types of homeowners policies available when once you decide to be a homeowner or not. The most significant part of homeowners insurance is the level of coverage. Avoid paying for more than you require. Below are the most common levels of coverage.
As insurance policies come in many shapes and sizes, the same is true for insurance companies and agents, who can charge different rates for the same coverage. Bigger insurers are not always better and small don’t essentially have the best customer service. So, it’s always good to shop around for the top deals and ask the precise questions in an attempt to know what you are really receiving.
Prior to signing on the dotted line, you should understand that not all homeowners policies are the same. This is always one of the most common misinterpretations about insurance. According to a survey, more than a third of the homeowners said they did not have or didn’t identify if they had adequate homeowners insurance coverage. In 2005, after Hurricane Katrina affected the city of New Orleans, and again in 2012, when Superstorm Sandy damaged numerous communities in New York and New Jersey, thousands of worried survivors got a rude shock when they found their standard homeowners’ policies did not cover flood damage.
Many catastrophic events are not covered in the basic homeowner’s policy, but they are still insurable and require additional levels of insurance. In some cases, homeowners need entirely different policies, which are usually several times costlier than the typical homeowners’ premium. Some homes are situated in high-risk areas such as flood, hurricanes and earthquake zones, which make buying additional insurance a top priority for these homeowners. Instead of the usual $250 to $1,000 deductible under basic coverage, you have to shell out 1 to 5% of your home’s insured value (up to 10% in Florida).
Hurricane season is an old threat for many residents living along the southeastern coast of the U.S. Hurricane Matthew, which made arrival on Oct 8, 2016, left an expected $6 billion worth of property loss in its devastation across states such as Florida, South Carolina, North Carolina, Georgia, and Virginia. If you live in a region that is prone to hurricanes, you must have certain emergency plans in place. Homeowners in hurricane-prone areas need to act fast to file damage claims with their insurance firms. For instance, if your home is insured for $200,000 and your plan has a 3% deductible for hurricanes, you will have to expend $6,000 out-of-pocket on a storm-related claim.
When you buy a homeowners insurance policy, one of the must have insurance policies, you must prepare the latest home inventory to speed up a claim settlement if you ever need to make one. A complete home inventory, help your insurance company verify the property easier, which in turn makes settling your claim easy. Additionally, you can validate losses for your income tax return with the latest home inventory without any hassles.
For many homeowners, insurance is something to be thought of again, i.e., until the worst occurs. Homeowners who wait until they experience a loss before assessing their own policies do not get the full value – may be little value – out of their incalculable premium payments.
Homeowners insurance is a monetary agreement, but it should also be treated as a living entity to be cherished over time. By reading your policy wisely, shopping around for the suitable agent, comprehending your coverage limits, and create an updated property inventory.
Recently, there was an interesting review posted at AHS warranty discussions page about dealing with insurance claims. The legal option suggested by the reviewer might be useful to some homeowners, who have difficulties dealing with home warranty insurance claims.
It is not practical and cost effective to take legal route to pursue your insurance claims and you may want to read How to pursue insurance claims article before you go that path. However, if you are fighting an insurance claim on a big ticket item, and you have exhausted all other options, this is definitely an effective strategy. Author of this post himself was an attorney and he effectively used the legal threat to beat the home warranty company.
Here is the excerpt:
I have discovered how aggrieved homeowners can turn the tables on home warranty companies and beat them at their own game. Please share this with everyone you know.
I’m an attorney and after having a problem with my home warranty company, American Home Shield, I decided to investigate whether other homeowners had experienced the same or a similar problem. What I found were web sites devoted to consumer complaints on which numerous homeowners had recounted incidents of fraud, deception, and rip-offs by their home warranty company. I also found a blog written by a former American Home Shield employee and another written by a former plumber for a home warranty company. Both recounted situations that would not pass the “smell test” in a court of law.
I also investigated lawsuits that had been filed against American Home Shield in Georgia, which is where I live. I found about 15 cases. The majority of cases had been filed in small claims court. As I reviewed the cases, I discovered that none of the cases had been litigated. In every instance, the case had been settled to the Plaintiff’s satisfaction although the details of each settlement were not part of the case file. With the knowledge that all cases had been settled to the homeowners’ satisfaction, I realized that American Home Shield would settle with an aggrieved homeowner before allowing a case to go to trial. My conclusion is that the only thing aggrieved homeowners need to do to beat home warranty companies at their own game is to file suit. The last thing American Home Shield wants to do is litigate a homeowner’s claim and the reasons are obvious to me.
The most obvious reason American Home Shield would not want to litigate a claim is that in most instances, the cost to American Home Shield to settle a claim would be less than the cost to litigate. The average amount of a claim in the cases I found was $3,800.00. Two were for less than $1,000.00 and only one was for more than $10,000.00. I’m sure far more than the 15 homeowners who have filed lawsuits in Georgia have had their claims denied. American Home Shield wins when a claim is denied and the homeowner does not sue, which is exactly what American Home Shield is counting on homeowners not doing.
Another reason American Home Shield does not want to litigate is because the company does not want to have to defend its craftily drafted contract or its questionable business practices, which is exactly what it would have to do if a case went to trial. American Home Shield also does not want such information to become public knowledge, which is also likely to happen. Additionally, a judge or a jury would also be hard pressed to return a verdict favorable to a company that engages in questionable business practices.
The final reason American Home Shield does not want to litigate is because a lawsuit actually places American Home Shield in a precarious situation. American Home Shield would have a difficult time defending any claim by a homeowner because the company has no first hand knowledge about the claim; it would need the testimony of the service contractor who, for its own reasons, may be less than eager to testify. The only knowledge American Home Shield has is what the company has been told by the service contractor. And any testimony from American Home Shield about what it was told by the service contractor is hearsay and not admissible in court.
To defend a claim, American Home Shield would need to subpoena the service contractor who actually made the diagnosis to testify about the claim. If the homeowner has done his/her homework, he/she would subpoena witnesses who could dispute the witnesses for American Home Shield. The homeowner should subpoena one or more service companies who had been called either for a second opinion or to make the actual repairs to dispute the testimony of the American Home Shield service contractor. The homeowner might also consider locating one or more other aggrieved homeowners to testify about their problem with American Home Shield. Another good witnesses for the homeowner to subpoena would be a former service contractor for the home warranty company or a former employee of a service contractor.
Since American Home Shield has at least three significant reasons why it does not want to litigate, the best and easiest way an aggrieved homeowner can beat American Home Shield at their own game (and most likely any other home warranty company) is to file suit. The one thing for an aggrieved homeowner to keep in mind is that if he/she does not sue, the home warranty company will win. But if he/she sues, the homeowner will most likely win. And that is how an aggrieved homeowner can beat American Home Shield at their own game.
My advice to aggrieved homeowners is not to stress over a denied claim, the denial of a situation as an emergency, repeated “band-aid repairs,” or a delay in authorization or in the repair of an item. I would also advise a homeowner not to waste time arguing with American Home Shield but to set a reasonable deadline for the appropriate action. Upon expiration of the deadline without receiving satisfaction from American Home Shield, the homeowner should then proceed as if they did not have a home warranty and then sue American Home Shield for reimbursement. The homeowner should also remember to document every action or inaction by both himself/herself and American Home Shield. Although the disadvantage to the homeowner is initially having to pay for the repairs, the advantage is that the homeowner can choose the service contractor and the brands and quality of products. I won’t guarantee all aggrieved homeowners will prevail every time but I have good reason to believe most aggrieved homeowners will prevail the majority of time.
For aggrieved homeowners whose claims were denied at sometime in the past, you may still be able to sue for reimbursement. To make that determination, the homeowner needs to research the statute of limitation for suing on a contract in their state. In any event, a homeowner should be safe filing suit for a claim that was denied during the past twelve (12) months.
Within the next six months, instead of reading homeowner’s stories about being scammed and ripped off by their home warranty company, I want to read stories about how homeowners turned the tables and beat their home warranty company at their own game.
If anyone has any questions, I can be contacted at [email protected]
The only way we ever got HBW to pay anything on a claims for construction defects was because we had a way to avoid their arbitration process. Despite a federal law that said we didn’t have to arbitrate because we had a government backed mortgage, HBW kept trying to get us to arbitrate our dispute with the builder, with an arbitration company they mandated. If you have FHA or VA financing your lawyer needs to make use of this federal law, Title 24 of the Code of Federal Regulations, Section 203.204(g). It says “judicial resolution” has to be an option along with arbitration. I believe it also says that for FHA and VA buyers arbitration has to be at no cost to the homeowner so if you get sucked into it and it’s too late to get out it at least should not cost you extra to get hosed.
Their arbitration company CAS was owned by a disbarred lawyer. We found out about many problems with their arbitration.
HBW was offering only part of our damages and acceptance of their offer would’ve required we give up claims against the builder for the rest of our damages. This would’ve ruined us financially as the damages were severe, with many serious defects in a brand new house.
The way most if not all these new home warranty policies work is that they protect the builder. They do little for the homeowner unless you have time to learn quite a bit about law, consumer protection, etc. This became a huge time consuming operation for us but we eventually prevailed and settled our case. By avoiding their arbitration process we were ABLE to pursue it. In arbitration we’d have probably lost or had to accept the low ball offer.
I learned a lot about warranty companies from some consumer protection groups, and my own research. First, most are not insurance and therefore are not regulated by the state insurance departments. Warranty companies are actually “Risk Retention Groups,” not insurance. Even their so-called insurance backing, National Home “Insurance” Company, is an RRG.
The contract to buy a warranty policy is between a builder and the warranty company. The homeowner rarely knows what terms these two companies have bound them to until it’s too late, for example the arbitration clause in the warranty that you don’t see or don’t realize what a trap it is, until after you’ve bought the house.
I have since seen court cases that said HBW’s arbitration clause is “unconscionable” and unenforceable, but unfortunately many other court cases said that thought it was unfair it was still enforceable. You can find many of these cases discussed online by Googling this company or its chosen arbitration company, Construction Arbitration Services.
No surprise at all to see so many negative ratings here for HBW and I suspect most similar companies have similar comments/ratings. To top it off, during our dispute, HBW still sent us letters asking us to renew their “coverage!” What a joke. Don’t think you have much protection with a home warranty. They are mostly a marketing tool to sell houses, and their coverage for the homeowner is more of a false sense of security.
Can a Contractor benefit from the Home Warranty Companies? There may be universal consensus on the subject which is why this article is dedicated to show how work can be extracted and also examine the full scope of benefits a Contractor can draw from a Home Warranty Company.
The better the reviews for a Home Warranty Company (New York, Virginia, Texas, California, etc.), the better your chances of earning and saving more at the same time. What makes it so attractive is the almost nullification of advertising costs for the contractor. All companies that work along with Contractors offer free referrals to Contractors, to all their home warranty customers.
In order to make the most of the significant market that exists, it is never enough to know the technical know-hows of how to repair electronic appliances but you should also be ready to expend a part of your revenue into marketing your brand.
Another reason it is beneficial to work with a Home Warranty company would be because it guarantees continuous work, and you are less prone to be out of work on a not-so-profitable season. With increasing work calls from the Home Warranty Company, the more chances you have at expanding your brand, either by hiring new technicians or buying new work-enhancing technology. With this sort of reliability, you could be fixing an AC and heater at any time of the year.
This can also prove beneficial to the Home Warranty company too as the contractors provide good reviews of the companies they are working with, increasing their chances of contacting them again or even spread goodwill by word of mouth.
When you decide to take on this relationship with a Home Warranty Company, it is also important for a Contractor to remember that he/she must be efficient in receiving calls from customers, who are directed from the Home Warranty company itself. Customer service is the lifeline on which the success of Contractor business can rely on, especially in the case where you are working with a Home Warranty Company where all your customers are directed from the contact number you provide the company.
Joining bigger Home Warranty Companies can give you a form of exclusivity if one outperforms all the contractors a company has hired. This will allow you to appear at the top of their list of contractors, especially if they provide reviews’ section.
Almost all leading Home Warranty Companies offer online applications which you can fill up in your leisure time and submit with all the relevant information typed in.
Some of these leading Home Warranty Companies include,
The customer reviews’ section within our own website can also be found for some of the top rated Home Warranty Companies like American Home Shield, The Home Service Club, Secure Home Warranty, America’s Preferred Home Warranty-APHW, Select Home Warranty and First American Home Warranty (also picked as 2017’s Editor’s Choice, a brand new category introduced this year).
However, all contractors are requested to review the home warranty companies they’ve worked with on an exclusively dedicated space called the Vendor’s Area. Here, one can dish out all the good and bad experiences one’s had by taking up the jobs given by the home warranty companies.
Some of the benefits to the contractor by working with a Home Warranty Company like above, in addition to the ones already mentioned, would be:
Renowned Home Warranty Companies also help their contractors in times of need, which include an experienced support team and a high limit on calls. Companies like Home Warranty of America also helps Contractors claim costs.
Before filling up your application form to become a Service Contractor, it is a necessary step to license your contractorship. Every Home Warranty Company expects the Service Contractor they are about to work with are certified contractors with a license and hence you are required to fill up your license ID in the application form.
Also you are required to fill in your Auto Insurance Policy Number, and your General Liability Insurance Policy Number (optional). Insurance Policies are in your own interest, hence even if some of them are optional we recommend you create one if absent.
Diversifying your skills can also be very beneficial before applying for a Contractorship with a Home Warranty Company. As you fill up your application, you are asked of your specialization and hence learning new skills can help you strike off more blanks, increasing your popularity among the reviews and consequently help increase your revenue.
Consistent work can be guaranteed when you are able to juggle with different kinds of repairs be it plumbing, garbage disposal, weed/lawn mowing, ceiling fans, gas fireplace or septic system. These numbers can go up to a hundred so a little bit of extra skill can only put you so much ahead of the rest of the contractors.
If you are looking to expand your presence in contractorship, applying to work with a Home Warranty Company is the best as it can get. You can save and earn more at the same time, a chance usually deprived for those working outside of these companies. There are many ways you can utilize such an opportunity, more so as there are numerous Home Warranty Companies and your chances at getting in at any one of them aren’t nearly dim. Go ahead and fill your applications now!
Our portal also lets you access some of the most sophisticated lists of best home warranty companies, ranked on a various different criterion. This is, in addition to the Complaint Resolution Program (CRP) and Home Maintenance Calculator. Be sure to check them out!
Hello there! You have landed at the right place if you want to find out as much as you can about Home Warranties. Let’s not tarry, we’ll tell you all that you need to know about Home Warranty or Appliance Warranty.
Home Warranty sounds like a great way to protect yourself from financial strains incurred during repairs and replacements of your household appliances. You have to understand that Home Warranty is not the same as Homeowner’s Insurance nor does it replace a Homeowner’s Insurance. There are a lot of things you need to consider before you purchase Appliance Warranty.
Appliance Warranty is a kind of insurance that you purchase for covering the major appliances and systems in your home. It is a contract between the homeowner and the insurance company stating that it agrees to provide discounted repairs and replacements for insured devices, provided certain conditions are true.
The Homeowner’s Insurance covers damages caused due to crimes, natural hazards and water damage also to some extent. Whereas the Appliance Warranty Insurance covers damages that are caused due to regular wear and tear. Almost all your major appliances and systems are covered. You can purchase additional coverage if you wish.
Now let’s move on to the specifics.
Here’s the list of components that are commonly covered in standard plans. This is only a basic idea, you will have to read your contract to find out exact details about coverage.
|Air conditioning||Plumbing stoppages||Telephone system|
|Telephone wiring||Plumbing system||Electrical system|
|Attic and exhaust fans||Sump pump||Instant Hot Water dispenser|
|Central heating system||Hot water pump||Built-in-dishwasher|
|Heating and duct work||Bathroom whirlpool motor pump||Cooktops|
|Smoke detectors||Ceiling fans||Garbage disposal|
Here’s another list that tells you about the components that are usually omitted from basic coverage. However, as mentioned before you can always purchase additional coverage.
|Faucet repairs||Spa or pools||Hot tubs|
|Hauling away debris||Hauling away old devices||Outdoor sprinklers|
|Outdoor water systems||Combo ceiling fans||Second Air conditioner|
|Second freezer/ fridge||Food spoilage||Ice maker & wine cooler|
|Well pump||Central vacuum||Limited roof leak|
|Septic system||Septic tank pumping||Standalone freezer|
|Home entertainment||Office package||Central AC unit|
|Washing machine.||Heating system||Additional spa|
The advantages of purchasing a Home Warranty insurance are many. If your appliances are fairly old (over 4 years) the chances are that you may reap many benefits from an Appliance Warranty plan.
The prominent advantages are as follows
Appliance warranty plans costs around a few hundred dollars per year. They are not that expensive unless you are looking for a plan that has extensive coverage. These are the things that you will have to pay for.
It is often between $400 – $1000. This can vary depending upon the coverage you choose.
The cost of premium does not vary depending on the age of the house unless it is a brand new one. Also, unless the area of the property is above 5000 square feet, the premium will not vary much.
In addition to the premium, you will be expected to pay a service charge often called as the Deductible, each time you raise an issue. The amount for this is usually around $50.
A technician shall be sent over to your house to evaluate and repair the damages. The fee for the technician must be paid by you as well. In certain cases, more than one technician may have to inspect your device, in that case you may have to pay separate fee for each contractor. You will have to pay the Technicians fee irrespective of whether the repair was performed or not.
The working is very simple. Every time you approach the Insurance company with a service request, they will take down details and request you to pay the deductible. These Insurance companies often maintain business ties with vendors/contractors in the appliance repair industry. So when you request for a service, the Insurance company in turn calls up a contractor and places your request with him. The contractor then calls you up to fix an appointment and later comes to your home.
Once he arrives, he will examine your damaged device and fix the issues if they are minor. If major repairs are needed, the Technician informs the insurance company and requests approval. If they are approved, the technician will perform them and fix your appliance.
In certain cases, appliances may need replacement of individual parts. If this happens the insurance company will procure them for you and send it along with a technician to fix the device. In certain other cases, the technician may declare that your device cannot be repaired. The insurance company will then replace your broken device with a brand new one. This feature depends on the Insurance plan you purchased.
As much as it looks appealing, it is not a perfect arrangement. Home Warranties do have a few drawbacks although they can be resolved.
This is easier than you think. All you have to do is ensure that you do the following.
Home warranties are a great way to insure your household appliances. They often prove to be highly helpful in protecting the budget when an appliance breaks down. If your appliances are over four years old, it is suggested that you purchase an appliance warranty plan. It is also suggested that you get your home inspected before you purchase Appliance Warranty.
When is the homeowner supposed to buy home warranty? A home warranty is not a plan that can be purchased and used for the life of a home, but it is a warranty coverage for home appliances. It is procured before the sale of a home and acts as insurance for the new homeowner. Selling a home can be much easier if there is a home warranty drawn in. Shopping for a new home is a pricey endeavor.
People accept loans to purchase real estate, not wanting or expecting to spend extra on repairs for systems, appliances and things such as roofing. These hidden costs usually leave new homeowners in complex positions. A home warranty protects the new homeowner against these unexpected problems. Sometimes issues with different household features such as appliances come up in the closing days of a real estate contract. This can make a closing tricky and cost the original owner large sums of money they had not intended on spending. These issues might also convince the potential buyer to pull out of the deal, resulting in a failed transaction. The seller must then perform the necessary repairs before putting their home back on the market. A home warranty can only be implemented to working appliances and systems. The age of the item is not taken into consideration as long as it is in working order.
Retailers, installers and manufacturers may provide separate warranties, each of which covers a different part of the home. Inquire for copies to take home and contrast against other packages from other retailers. Ensure that you get a copy of the complete warranty, not only a summary brochure. Glance at the combined terms of all the warranties that cover a home. All new homes must have a warranty but old or used homes may not, or may have a limited warranty. Be cautious of homes sold with no warranty – there may be several hidden problems with the home.
As a consumer, identify what is and is not covered before purchasing any home warranty. Ensure the details are clarified in any contract before you sign it.
None of these aspects should deter a buyer from purchasing a warranty that meets his or her needs but it takes a fair amount of due meticulousness to identify all the hidden costs in buying a home regardless of whether it is new or used.
Home warranty is a service contract that offers discounted repairs and replacements for your household appliances. If you have an appliance protection plan, and if one of your covered appliances breaks down, the home warranty company will repair it for you at a very nominal price.
In general, such plans are considered a wise purchase for those
If any of the above mentioned conditions are true, it will be a good idea to purchase an appliance protection plan. Folks who fall into any one of the categories stated above stand a high chance of encountering frequent damages leaving their pocket empty.
Several types of appliance protection plans are available in the market today. Most of them differ with the extent of coverage. Most of the first tier or basic plans cover only major systems and appliances in your home. This usually excludes outdoor appliances and systems and second sets of devices. Eg spa and pool units, sprinklers are common things excluded from coverage. Also second air conditioning unit, second cooler etc are also omitted. However, the best part about these plans are that their coverage can always be extended. Accordingly the annual premium you pay will be higher.
How Does the Plan Work?
If an appliance crashes while the warranty plan is still valid, all you have to do is to inform the company about the damage. Once you give them all the necessary details, they will call up a service vendor with whom they maintain business ties. The vendor then contacts you to fix an appointment and on the agreed time he arrives to take a look at your appliance. If the damage is minor, the technician will fix it right away.
However, major damages or part replacements may need approval from the home service contract company. Any parts that require replacement will be procured for you by the company.
Home Warranty plans are a great way to insure your household appliances if they are old or aging. However, people often tend to confuse this with homeowner’s insurance, which is quite a big mistake. Homeowner’s insurance can never be replaced with a home service contract or vice versa. Though they both offer protection for your appliances, their grounds for placing a claim are totally different.
May it be reminded again that the policy booklet and contracts are vital documents and should be studied and preserved carefully. If you have decided to go ahead with a home warranty, check out Top Home Warranty Companies listed on our site.
Adding to a long list of home warranty companies which have entered the home service contract space only to quickly exit, Stanley Warranty announced recently that the company is immediately terminating its services. Visitors to Stanley’s website see this message:
The company’s closing may come as little surprise to those who are aware of last year’s announcement of an investigation into the new company’s business practices. In June 2015 New Jersey’s Division of Consumer Affairs announced that it had filed a complaint against Stanley Warranty, LLC, alleging that the company had committed acts contrary to its contractual commitments to its customers. Among the state’s specific complaints against the company were alleged offenses that specifically involved Stanley’s home service contract customers. Stanley also operated a business unit which provided consumers with extended service agreements for motor vehicles, commonly called auto warranties.
Here’s a quick analysis that we can provide to readers seeking more information about Stanley Warranty’s abrupt closure and the precedences set by other companies that pulled this same move in recent years. Come back to HomeWarrantyReviews.com for updates as we learn more about the fallout from Stanley Warranty’s announcement.
Like Sensible Home Warranty did in 2014 when it closed shop, Stanley provided no apparent warning to their customers that pre-paid services would not be provided, though at this time it’s still unclear to HomeWarrantyReviews.com whether the company contacted customers via telephone or postal mail prior to closing its doors. It’s also not known yet whether Stanley’s failure to uphold its commitment to any pre-paid customers will compound the company’s problems with New Jersey’s consumer agency.
Another company in the home warranty space that closed its doors in 2014, Colonial Home Warranty, sought bankruptcy protection. Through bankruptcy, the company appears to have been able to escape financial responsibility for unfulfilled service contracts and repair bills from their contractors. Whether or not Stanley Warranty will seek similar protection is not clear at this time.
Reviews for Stanley Warranty, also known as Stanley Safe Club, here on HomeWarrantyReviews.com are almost entirely negative. The reviews reflect an apparent trend of the company not honoring its promises to customers or contractors who performed repairs on its behalf. Many of the worst reviews mention repair contractors pursuing payments from the homeowners after Stanley Warranty failed to fulfill its duty to make those payments in a timely manner.
On its Better Business Bureau page, Stanley Warranty already had an F rating prior to the announcement of its cessation of services to its customers. On Yelp, a recent review includes a comment about a refund check from the company to the customer, who had canceled services ahead of the expiration of the contract period, being denied due to insufficient funds. That review was created in December of 2015, leading to the obvious question whether or not Stanley was insolvent well before it closed its doors in 2016. Interestingly, reading past reviews on Yelp leads you to at least one claim in 2014 that Stanley Warranty had announced on its company website that it was closing. And no matter how far back in time a reader travels on Yelp, the story seems to be consistently poor, one unhappy customer after another.
Perhaps the most insulting element of this story is that Stanley Warranty sold its service contracts with a promise of zero service fees. Anyone familiar with the home service contract industry knows that most companies charge a fee, paid by the customer to the service provider, at the time of a service call. For a company to offer competitive rates with no service fees is a pretty compelling deal for consumers. And many of the consumers lured in by that deal are now left with every required repair being paid entirely out of their own pockets, despite having paid well in advance for home service contracts from this company.
The home warranty industry has a history of companies like Stanley Warranty popping in and out of the space and taking loads of customers’ money out the door when the companies fold or burning up the money received from customers through mismanagement and unhedged risks. Consumers who have been buying home warranties for years probably recognize some of the company names, ones like Arkidus, Sensible Home Warranty, Colonial Home Warranty, and Certified Warranties Corporation. All of these companies have something in common. They sold home service contracts right up until the day they shut the office lights off and locked the doors.
This may be the single biggest black eye that the home warranty industry has received in the last decade, and it just keeps happening. As if companies being able to enter an industry that is so much like insurance, often undetected by the state agencies that regulate their industry, improperly funded, and perhaps even criminally intent on defrauding their customers is not enough, the end result of the companies is consumers left with financial losses sometimes amounting to thousands of dollars in service contract fees paid in advance. All too often the regulators in the states where the customers live are powerless to retrieve those customers’ funds, and even when bankruptcy courts are involved the individual consumer is usually out of luck when liquidated assets are divided up among registered claimants.
In a nutshell, the chance of Stanley Warranty’s customers seeing refunds is very, very slim. It’s quite likely that this story will end the same way it did for customers of Sensible Home Warranty in 2014 when that company disappeared overnight. But that should not stop consumers willing to do whatever they can to seek justice. Readers who wish to pursue legal action should immediately seek advice from an attorney, preferably one with experience with defunct service contract companies.
If there’s any worthwhile piece of advice we can give to our readers who are shopping for a home warranty company it’s this:
Do your homework! Despite it not always being easy to do, consumers must research companies in the home service contract space before making a purchase. Here’s an example of the kind of detailed reporting available to consumers trying to evaluate the financial health of companies selling home service contracts in the United States. That article by Warranty Week is an excellent resource. Keep in mind that if the home warranty company you choose is using its sales to finance its claims then you can probably count on two things happening. One, the company will do whatever it can to avoid paying your claims. Two, the company will eventually get into hot water and close up quickly in order to try to avoid the owners bearing personal responsibility for the actions of the company.
Be safe out there. And if you are a Stanley Warranty customer who would like to share information with other readers in the same boat as you then please share your story in the comments section below.
There are five types of warranties plans available such as manufacturer warranty, home warranty, seller’s warranty, extended warranty, appliance service contract etc. All the above mentioned terms are basically protection policies of your household appliances. All these warranty contracts are slightly different and we will get into them in just a moment. Please note that we do not cover homeowners insurance here but you can refer to the article that talks about home insurance and home warranty differences
Home warranty is a service contract on your home appliances and it covers repairs and maintenance of household machinery. Home warranty plan takes care of repair and replacement of all your insured appliances by the qualified service provider. This plan is also referred as
One of the basic thing people look for while purchasing any appliance or gadget is the warranty. A warranty is a kind of assurance provided by the manufacturer for the product and if the item does not meet the expectations then the insurance provider is bound to repair or replace the product within the stated warranty period. The standard coverage is generally for the period of one year. A warranty is a legal binding which means if the seller does not stick to their words, then you can legally file lawsuits against them.
These days all the online stores and offline stores are providing manufacturer’s warranty and the original bill along with the purchased product. The products shipped are also completely sealed and as good as what you can get from retail stores. You can extend the warranty for additional years if you desire, although it is not necessary in most cases. Generally, big ticket items such as HVAC units come with 5 years warranty, but the coverage will be limited to parts only from second year onwards. That means you will have to pay for the repair service.
Home appliance warranty companies generally do not cover an equipment when it is under manufacturers warranty.
Seller Warranty is also known as dealer warranty. The warranty is basically provided by the respective seller or the dealer of the products. Most of seller warranties last for the period of 6 months. In case of any sort of defect of malfunction of the product, you have to take the product particularly to the seller from whom you bought it.
You have an option to extend manufacturer’s warranty when it expires. It is recommended only for those appliances that are not covered by home warranty, such as laptop, PC, TV and other electronics.
You can also extend home warranty when your original plan expires. Usually the breakdown period of appliances starts just before or after your warranty expires because of its usability. If you want to avoid such hassles of contacting repair services, extended warranty service just makes things easier
Service contracts are also considered as agreement or protection agreements. Most of these are offered by vendors selling the appliance, a service company, or a third party service provider. Home service contractors are basically local, licensed, and insured team to provide service. The price, terms and coverage choices widely vary as these companies tend to be local service providers. The repair and customer service may also vary depending on the vendor. Make sure you thoroughly understand the contract before you sign it.
Do your homework before buying home warranties, extended warranties, or service contracts for your major appliance. Understand the “Terms and Conditions” of the contract, especially its limitations.
Make sure you know and understand:
Asking the right questions BEFORE PURCHASING will prevent unwelcome surprises.
Here’s a funny pictorial story that gives a peek into how does a Home Warranty work. Mr.Fox here is our friend who purchased a home service contract. His beloved washing machine crashed one day while the contract was still valid.
Now, back to the story.
Mr. Fox had an appliance warranty, so he did not have to
Mr. Fox simply called the home warranty company who in turn called up a service contractor with whom they maintain business ties. The warranty company sent a technician to Mr. Fox’s home to take a look at the appliance. The tech fixed the issue right there as it was a minor problem. You see, if the problem was big and if parts needed to be replaced, the tech would have had to wait for the approval of the warranty company before doing it.
Once the problem was fixed, the tech collected the service call fee and departed his way. Mr. Fox lived happily ever after resting assured that if his appliances crashed, he would always have his home warranty company to rely on!
Whether you are seeking to buy a home in the Phoenix area or sell one, you definitely need a real estate professional that you can trust. Some real estate agents perform better than others with regards to a number of homes sold but there are plenty of other factors such as good knowledge of the city of Phoenix, an established professional reputation with former clients to look for while choosing a trustworthy real estate professional. The leading Arizona real estate agents continue finding unique ways of marketing home listings and work diligently to educate homebuyers and sellers.
Below is the list of top 5 real estate agents in Phoenix who can assist you with their innovation, their sales production and their proficiency in short sales, investment properties, relocation, second homes and/or vacation homes and much more!
With more than 38 years of experience as an Arizona realtor in the greater metro Phoenix/Scottsdale area, Joani Frankel has watched the neighborhood grow from almost a million people to over 4 million people. Frankel moved to Arizona to escape the cold of the Northeast and was lucky to have a realtor who excelled in “people” services. This know-how framed her skills and values as a Real Estate professional. As a proficient realtor, Frankel is empowered to research solutions and is backed by two skilled assistants to provide supportive, informative and resourceful information. Over the years, Frankel has been active and successful and have acquired a strong network of experts that support her services and help treat each new client with respect and courtesy. Frankel says, “I love life and try to live each day with care, courtesy and consideration for all I meet and all I do.”
As a graduate of Syracuse University, Frankel puts her degree and business background to work for you each and every day. Frankel is a Buyer Broker Specialist at Realty One Group and has consistently listed and sold multiple millions of dollars of property each year. Whether you need a home inspector, a lender, an interior design consultant, a cleaning service or personal concierge, you can avail the best support team to work for you! Since 1978, Frankel has been serving as a dedicated Buyer’s broker and is well versed in problem-solving, contract negotiation and above all, fair, ethical and caring client support and service. Frankel says, “My career goals are only met if YOU are satisfied as I serve as your Buyer’s Representative. You may be looking for your 1st home or your 10th! It might be a condo or a mansion. If you are an investor I’ll help you increase your bottom line!”
Frankel operates mainly in neighborhoods such as Cave Creek, Chandler, Fountain Hills, Glendale, Goodyear, Litchfield Park, Paradise Valley, Peoria, Phoenix, Mesa, Scottsdale, Sun City, Surprise, and Tempe. She is a Senior Real Estate Specialist (SRES) and her specialties include:
Frankel is knowledgeable on reverse mortgages, real estate planning, 1031 exchanges, and housing options and has also been educated on all aspects of 50+ buying and selling.
A native to Phoenix, Jacqueline Moore is ardent about everything in business, from marketing products to streamlining processes and evolving technology. With a strong eye for detail, Moore knows how to drive initiatives for both the organization and the management team contributing to long-lasting operational brilliance. Her commitment to charitable organizations and the community stem from her background in education. Whether it is monetary support through each real estate transaction, events, and awareness, or daily help involving contact and participation, Moore has become prominent by identifying the communities that support and need support too.
Moore has lately taken the position of leading the Phoenix Operations for Opendoor. Recently listed on the front page of The Wall Street Journal Business section, Opendoor is changing the way homes are bought and sold by bringing top class software, data science and design to an old industry. Based in Silicon Valley, Opendoor is on a mission to help alleviate some of the pain points of one of the more complex, hectic processes; the residential real estate transaction. Every decision in Opendoor is led with honesty, certainly impacting one of the greatest assets around; homeownership.
Before Opendoor, Moore was the Vice President of HomeSmart managing 20,000+ transactions and $4.2 billion in sales volume yearly. Over the years, Moore has been helping her clients through the entire buying process and with the professional standards that her customers expect while selling their homes. Passionate about helping house hunters, Moore is devoted to delivering quality homes to the market. A proud graduate of the Grand Canyon University, Moore enjoys traveling, cooking, and creating the next best finger painting!
Over the past 30 years, Harrison has been committed to bringing happy buyers and sellers together. Whether it’s buying or selling, she ensures to make the process as stress-free and enjoyable as possible! A full-time Associate Broker, Harrison dedicatedly helps her clients by the implementation of effective sales strategies and marketing tools to best market their homes. Harrison has expertise in relocation services (Small or Large Corporate moves), pre-owned, luxury, vacation, and new construction residential homes and is also experienced in real estate investments and 1031 tax deferred exchanges. She has even had the honor of being a pre-licensing Real Estate Instructor for the State of Arizona for almost a decade. Besides, Harrison assisted Bank United of Miami Florida with their REO properties for 2.5 years before their FDIC closure. She has also successfully owned and operated her own real estate company in Texas. As a reliable multi-million producer, Harrison approaches her business with determination, enthusiasm, and passion.
Harrison moved to East Valley in 1998 and concentrates her practice in cities such as Chandler, Phoenix, Gilbert, Queen Creek, Sun Lakes, Mesa, Tempe, Gold Canyon, San Tan Valley, Ahwatukee, and Maricopa. An Alumna from The University of Texas at El Paso, Harrison is proud to hold the following designations sponsored by the National Association of Realtors (NAR):
Harrison is well aware of the latest real estate developments and knows how to discover the finest properties and negotiate the best deals. She embraces strategies to identify desirable properties for buyers and implements innovative marketing techniques for the sellers. As a Licensed Arizona Real Estate Agent, Harrison skillfully manages clients’ transaction details to include inspections, deadlines, title work, loan procedures, and professional recommendations. Harrison’s awards include:
She has the following relocation certifications:
Harrison’s interests include football, cooking, gardening, and movies.
Liz Harris has a true passion for real estate. Whether working with Arizona first-time buyers, new home buyers, short sales, luxury home buyers, Harris guides her clients through every step of the real estate process. Harris is one of the highly respected agents and keeps her updated with the newest trends to impart the necessary real estate information to her clients in this rapidly changing industry. Founder of Liz Harris realty, based in Chandler, Arizona, Harris is an 11 year veteran of buying and selling six and seven figure properties in the Phoenix metro area.
A resident of Maricopa County, Arizona since 1999, Harris always goes the extra mile whether it is finding buyers for her listing or placing a buyer in a dream home. She has carved a niche for herself in the Phoenix Metro real estate by specializing areas such as Chandler, Gilbert, Mesa, Paradise Valley, Phoenix, Queen Creek, Scottsdale, and Tempe. As a Certified New Home Buying Specialist, she expertly negotiates with new home builders to get the terms and conditions they want. Harris employs knowledgeable marketers who use cutting-edge marketing tactics to get maximum exposure and increase online presence in minimum time using Facebook, YouTube, Google and more!
Harris symbolizes the perfect blend of positive energy, integrity, and vision while maintaining a strong determination to get the result you want. This has helped her acquire the professional designations such as Certified Short Sale Negotiator (CSSN), Certified Distressed Property Expert (CDPE) and the following:
As a proud wife and grateful mother of 3, Harris finds fulfillment both in her personal life and her business life. She enjoys roller coasters, hot bubble bath and roller skating. Consistently ranked in the top 2% of producing agents, Harris would love to hear from you!
With over 25 years of experience in the real estate industry, Janssen’s goal is to help her clients in every phase of buying, selling or investing in real estate. Her experience with RE/MAX, one of the world’s prominent franchisors of real estate brokerage services, help provide the most powerful real estate brand, recognition, and resources to the clients. As a resident of the Valley of the Sun for the past decade, Janssen relocated to Arizona from Park Ridge, Illinois, where she held a Broker’s license and was a legal assistant in a law practice focusing on real estate. Bi-lingual in Spanish, Janssen also holds Florida’s broker license. “My pledge is to provide superb professional services and an exceptional experience!” says Janssen.
Janssen is a very detailed and studies properties thoroughly to obtain the best selling price possible. She is a delight to work with and mainly active in areas such as Apache Junction, Carefree, Fountain Hills, Paradise Valley, Cave Creek, Chandler, Gilbert, Mesa, Phoenix, Queen Creek , Rio Verde, Scottsdale, and Tempe. Her professional designations and certifications include the following:
Additionally, Janssen has earned the Certified Negotiation Expert (CNE) designation and the Green Certification. She was recently acknowledged into to the Master of Real Estate (MRE) Society by demonstrating her commitment to excellence through professional education and practices. Less than 1% of REALTORS in Arizona belong to this elite Society.
Janssen along with her husband Sascha, an expert helicopter pilot and also multilingual in German and Dutch are active in local organizations including Christ Church of Fountain Hills and Fountain Hills Sister Cities. She enjoys the outdoors and spending time with family, friends, and her two sons. “I look forward to meeting and working with you, and welcome the opportunity to demonstrate professional services that get results!”
Just the decision to take the task of building a home into your own hands can be daunting, keep aside the fact that liabilities are now yours alone to deal with. The joy of being there every step of the way and having a say in every brick, beam, and wall comes with a lot of responsibility. The smallest of injuries on site to a worker, accidental falls, natural disasters and other unforeseen circumstances can put your budget off by thousands of dollars.
Time is a factor as well, having the plan pushed back by weeks, if not months; time and money that you cannot get back. Such accidents are what makes it prudent for you to invest in structural insurance, warranty and legal coverage for all the essentials.
Structural insurance functions within the parameters of Builders Insurance and Site Insurance, covering claims regarding the foundation and architectural framework of the building, as well as the integrity of the site it is built on.
As the percentage of self-built homes increase in the US, numerous companies now offer a comprehensive list of structural insurance for homes built without the assistance of building agencies.
If narrowed down to just structural claims, structural insurance covers the claim of any structural defects in a home for a fixed number of years after it is built. Often certain companies have a secondary set of rules, pertaining to the fact that the claim will only kick in 7 to 10 years after the house is completed.
That being said, structural insurance usually comes hand in hand with site and builders insurance as well, both essential and usually synonymous with structural insurance.
Site insurance is offered to builders as well as individuals who have purchased land and intend to construct. It not only covers any natural disaster-related damage – fire, storm, flood – to the land, but also the temporary structures on it. The coverage puts aside a certain sum to take care of any unforeseen circumstances that may cause huts, caravans, tools and the building under construction itself to be partially or wholly damaged.
Certain insurance companies not only take care of the monetary side of things but also offer services to clean, repair and bring back the space to its former state.
In recent times, Builder’s Insurance has become a must for self-built structures, especially since it establishes a sense of trust between the homeowner and the bank or builder who is offering monetary assistance.
Builder’s insurance acts as the umbrella under which site and structural insurance fall, but often companies do cater to individual needs by offering them separately. These insurance policies even accommodate for theft of tools and valuables from the site, but usually, put a limit of the claim. That being said, it is important to pick appropriate coverage plans and not under or over-insure your property.
Allowing delays and pushbacks, any building or structural insurance for individuals who are constructing on their own extend to 18 months, as opposed to the usual 12-month coverage given for builders.
Building a home isn’t only about the structure and integrity. Along each step of the way, you have to be aware of not only accidents and loss that are beyond your control, but also any harm that the process may cause to workers, the public and adjacent private and public property.
As a homeowner, you are liable if any of your workers are injured during the course of construction, or even if they fall ill due to toxic substance exposure while they worked for you.
Even a trespasser walking into property can have a legal claim if he or she is injured due to any improper construction methods.
Damage to surrounding property can be another reason you are faced with a very large bill for compensation. Everything from a falling tree branch to heavy machinery vibrations that may cause harm to adjacent structures can be seen as cause for a lawsuit. Most often, such damage is seen to happen during the time when your foundation is being set, causing worry about underground water sources and support extending below the ground of other buildings in the area.
Besides structural and builder’s insurance, warranty extends the coverage, claims, and care for years after the home is built – taking care of issues and damage that insurance does not address. While insurance deals with unforeseen circumstances and matters that were out of your control, Home Warranty offers solace when you need to deal with maintenance, repair, and replacement due to general wear and tear.
Usually put in place for a period of ten years, Structural Warranty covers defects in the foundation, load-bearing walls, beams, pillars and sometimes even wiring and plumbing systems. Not only does it keep you worry free, it also assures that any negligence on the part of the contractor is covered for without conflict.
If you are a homeowner in Ohio, this is an article that can’t miss! Your home is probably the biggest investment in your life and you know it takes time and money to keep it running well. We’re sure that you would’ve considered a home warranty plan to save yourself hundreds of dollars in repairs and replacements. But are you sure you know about the best companies in your locality? This is why you need to know about the best home warranty companies in Ohio.
Being the 10th most densely populated state in the country, Ohio does have numerous players in the home warranty sector. Yet, some companies have managed to outshine others with exceptional services and great products. You may already be knowing that our website ranks companies based on feedback collected from actual customers. We have also used these reviews to come up with the best home warranty companies in the country. So, based on said reviews, here are the companies that top the list of best appliance warranty providers in Ohio-
We’d like to provide you some more details about the companies in this list. HomeWarrantyReviews.com has a detailed page for every company listed with us and we also have a statewise list of companies. So if you have friends and family in other states, do tell them to pay us a visit for getting their home warranty needs to be addressed.
American Home Shield (AHS) is a company that laid the foundation of the home warranty industry, Since its inception in 1971, American Home Shield has always been a popular choice among American homeowners. AHS has a nationwide footprint with even some parts of Canada being included in their coverage.
Being one of the first companies to sell warranty products, their experience is close to unmatched. All AHS home warranty plans are designed to cover major appliances and systems at reasonable prices. A typical AHS warranty plan would cost somewhere between $249 – $500+ and the deductible per service visit would cost somewhere between $75 – $125. The company maintains a massive contractor network of over 11,000 skilled and licensed technicians who are selected after a careful screening process. AHS, like most of the top players, maintains around the clock customer service facility and also runs an online claims submission program. Backed by strong reviews, this is one company that totally deserves to be on top of this list.
Home Service Club or HSC, is a company who considers themselves innovators in the field of home warranty. HSC’s primary focus has always been on providing the best possible service to their customers. The company’s coverage spans 48 states across the country. HSC believes that the frequent surveys and customer feedback programs they conduct are the reason why they are able to stay on top of their game.
HSC’s plans do not mandate a home inspection, neither do they place a restriction on the age of the appliances. A standard plan from HSC will cost around $400 and the deductible per service visit is charged between $65 – $125.
Yet another company with huge popularity in Ohio is Select Home Warranty (SHW). Select has a vast national network of contractors and is also a company with a commendable tenure in the home warranty industry. Headquartered in New Jersey, this company covers anything from rental properties and condos to mobile homes.
For homeowners in Ohio, SHW provides three types of home warranty plans each varying in the level of coverage. On an average, SHW’s plans are priced between $299 – $599 and most plans have a service call fee of $60. This is yet another company that does not place a restriction on the age of appliances, neither do they mandate a home inspection.
HSA is a company with close to 30 years experience in the home warranty industry and they also have immensely positive reviews from their customers. Headquartered in Wisconsin, HSA believes that their success is attributed to the problem-solving capabilities and the commitment of their team.
Their primary product, the appliance warranty plan, comes in two variants for Ohio homeowners and they cost between $589 – $619 and their deductible cost ranges between $75 – $100. Customers are also given the option to extend coverage by adding items from a pre-selected list of add-ons.
Choice Home Warranty (CHW) is a company known for providing comprehensive warranty plans to their customers. The company claims that they can cater to the needs of homeowners, real estate agents, buyers and sellers.
CHW offers transferable home warranties to homeowners, buyers and sellers alike. Standard plans are priced between $370 – $450 and the average deductible charge is $60. CHW has a 24/7 customer service facility and also an online claims facility through which customers can manage and track the progress of their claims.
While we have indeed provided you with a list of some of the best companies, we recommend that you conduct ample amount of research before you zero in on a choice. Our website would be an excellent place to find out insights about home warranty companies across the country. We suggest that you go through user reviews and go through our statewise list of companies before you decide. We hope you found this useful and don’t hesitate to contact us in case you have a query. Cheers!