Best Rated Home Warranty Companies: Find the Best Protection for Your Home
Introduction: Why You Need a Home Warranty
As a homeowner, you want to ensure that your property is protected from unexpected repairs and damages. A home warranty can provide you with peace of mind by covering the costs of repairs or replacements of your major home appliances and systems. With the vast number of home warranty companies available, choosing the best one for your needs can be overwhelming. This guide will provide a comprehensive list of the best rated home warranty companies to help you make an informed decision about protecting your home.
What is a Home Warranty?
A home warranty is a service contract that provides coverage for the repair or replacement of major home appliances and systems. It typically covers the cost of repairs or replacements due to normal wear and tear, and can be customized to fit your needs. Home warranties can be purchased by homeowners or offered by real estate agents as part of a home sale transaction.
What Are the Benefits of Having a Home Warranty?
Having a home warranty provides several benefits for homeowners, including:
- Protection from expensive repair or replacement costs
- Peace of mind knowing that your major home systems and appliances are covered
- Access to a network of qualified service providers
- Customizable coverage options to fit your needs and budget
How to Choose the Right Home Warranty Company
Choosing the right home warranty company can be a daunting task. Here are some factors to consider when selecting the best home warranty for your needs:
- Coverage options: Make sure the company covers the appliances and systems you want to protect.
- Cost: Consider the cost of the warranty and any additional fees, such as service fees or deductibles.
- Service providers: Look for a company that works with qualified service technicians who can provide prompt and quality service.
- Customer service: Read reviews or speak with a customer service representative to gauge the level of customer support the company provides.
What to Look For In a Home Warranty Policy?
When choosing a home warranty policy, look for the following features:
- Coverage for major home appliances and systems
- No limit on the number of service calls
- 24/7 customer service
- Quick response times from service providers
- Flexible coverage options to fit your needs
What is NOT Covered by a Home Warranty?
Home warranties typically do not cover the following:
- Pre-existing conditions or known issues
- Cosmetic damages or repairs
- Items not explicitly listed in the policy
- Repairs or replacements due to misuse or neglect
When is the best time to purchase a home warranty?
The best time to purchase a home warranty is before any appliances or systems begin to experience issues. Investing in a home warranty when you first purchase a home or before any potential issues arise can save you from costly repairs down the line.
Best Rated Home Warranty Companies: Strengths and Weaknesses
1. American Home Shield
Strengths: American Home Shield offers customizable coverage options, a large network of service providers, and a 24/7 customer service hotline.
Weaknesses: American Home Shield is one of the pricier options on the market and has a mixed customer service track record.
2. Select Home Warranty
Strengths: Select Home Warranty offers affordable coverage options, flexible payment plans, and a network of highly rated service providers.
Weaknesses: Select Home Warranty may not cover certain geographically specific appliances or systems, and they have a 90-day waiting period before service can be used.
3. Choice Home Warranty
Strengths: Choice Home Warranty offers comprehensive coverage, customizable plans, and a 24/7 customer service hotline.
Weaknesses: Choice Home Warranty has a low maximum coverage limit and a mixed customer service track record.
4. First American Home Warranty
Strengths: First American Home Warranty provides affordable coverage options, flexible payment plans, and a customizable website that allows you to view your coverage details and service history.
Weaknesses: First American Home Warranty has mixed reviews on its service providers' response times, and may not cover all appliances and systems.
5. Total Home Protection
Strengths: Total Home Protection offers comprehensive coverage, fast response times from service providers, and flexible payment options.
Weaknesses: Total Home Protection has a low maximum coverage limit and mixed customer reviews on response times from service providers.
6. Amazon Home Warranty
Strengths: Amazon Home Warranty offers 24/7 customer service, customizable coverage options, and a network of qualified service providers.
Weaknesses: Amazon Home Warranty has negative reviews regarding its coverage approvals and service provider quality.
7. Home Warranty of America
Strengths: Home Warranty of America offers comprehensive coverage options, competitive pricing, and excellent customer service.
Weaknesses: Home Warranty of America may not cover certain appliances or systems, and service providers may take longer to respond during peak service times.
Comparing the Best Rated Home Warranty Companies
| Company | Coverage | Cost | Service Providers | Customer Service |
|---|---|---|---|---|
| American Home Shield | Customizable options | Higher cost | Large network | Mixed reviews |
| Select Home Warranty | Affordable options | Flexible payment plans | Highly rated providers | N/A |
| Choice Home Warranty | Comprehensive coverage | Customizable plans | 24/7 hotline | Mixed reviews |
| First American Home Warranty | Affordable options | Flexible payment plans | Customizable website | Mixed reviews |
| Total Home Protection | Comprehensive coverage | Fast response times | Flexible payment options | Mixed reviews |
| Amazon Home Warranty | Customizable coverage | 24/7 customer service | Qualified service providers | Negative reviews |
| Home Warranty of America | Comprehensive coverage | Competitive pricing | Excellent customer service | Mixed reviews |
FAQs: Frequently Asked Questions About Home Warranties
1. What does a home warranty cover?
A home warranty typically covers the repair or replacement of major home appliances and systems, such as HVAC, plumbing, electrical, and kitchen appliances.
2. How much does a home warranty cost?
The cost of a home warranty varies depending on the level of coverage and the provider. On average, a home warranty can cost between $300 and $600 per year.
3. Is a home warranty the same as home insurance?
No, home insurance covers damage or loss due to unforeseen events, such as natural disasters or theft. A home warranty covers the repair or replacement of major home appliances and systems due to normal wear and tear.
4. How do I file a claim with my home warranty company?
To file a claim with your home warranty company, contact their 24/7 customer service hotline or file a claim online. You will typically need to provide information regarding the issue and the appliance or system needing service.
5. Do I need a home warranty if I have newer appliances or systems?
While newer appliances and systems may be less likely to break down, a home warranty can still provide peace of mind and coverage for unexpected repairs or replacements.
6. What is the difference between a service call fee and a deductible?
A service call fee is typically charged each time a service provider is called to your home, regardless of the repair needed. A deductible is a set amount you must pay before your warranty coverage begins.
7. Can I cancel my home warranty policy?
Most home warranty companies offer the option to cancel your policy at any time. Be sure to review your contract for cancellation policies and any fees associated with canceling.
8. How do I find a reputable home warranty company?
Research different home warranty companies online and read customer reviews to gauge their reputation. Also, check with your state's Department of Insurance to see if the company is licensed to sell home warranties in your state.
9. Will a home warranty cover pre-existing conditions or known issues?
No, home warranties typically do not cover pre-existing conditions or known issues. However, some companies may provide coverage for issues that were unknown at the time of purchasing the policy.
10. Can I choose my own service provider with a home warranty?
It depends on the home warranty company. Some companies require you to use their network of service providers, while others allow you to choose your own. Check the company's policy to see their requirements.
11. How many times can I use my home warranty per year?
Many home warranty companies do not have a limit on the number of service calls per year, although some may have a maximum coverage limit. Check your policy for details on coverage limits.
12. Are home warranties transferable?
Most home warranties are transferable to a new homeowner, but be sure to review the policy to understand any transfer fees or limitations.
13. Do I need a home inspection before purchasing a home warranty?
While a home inspection is not required to purchase a home warranty, it can help you identify any issues with your home's appliances and systems before purchasing coverage.
Conclusion: Protect Your Home with the Best Rated Home Warranty Companies
Investing in a home warranty can provide you with peace of mind and protection for your home's major appliances and systems. By choosing one of the best rated home warranty companies listed in this guide, you can ensure that you are getting quality coverage and service. Take the time to research different options and consider your specific needs before selecting the best home warranty for your home.
Don't wait until an unexpected issue arises in your home. Protect your property and your finances with a reliable home warranty company today.
This article serves as a guide and does not guarantee the accuracy or effectiveness of the companies listed. Always read the terms and conditions of a home warranty policy before purchasing.