Get the Best Home Warranty Coverage: Top Home Warranty Companies to Choose From
Whether you're a homeowner or a homebuyer, protecting your property and appliances from wear and tear can be a daunting and expensive task. Home warranties exist to provide homeowners with peace of mind by covering major appliances and systems (like HVAC, plumbing, and electrical) in the event of a breakdown caused by regular usage.
Choosing the right home warranty company can be challenging as there are numerous companies in the market and each offers slightly different coverage options. To help you make an informed decision, we have compiled a list of top home warranty companies based on customer reviews, plan coverage, pricing, and customer service ratings. Keep reading to discover the best home warranty companies!
Emojis and Top Home Warranty Companies
Before diving into the details, let's take a quick look at the top home warranty companies we have selected based on extensive research:
| Company | Emojis |
|---|---|
| American Home Shield | 🛡️💰🚪🚿🛋️ |
| Choice Home Warranty | 🏠🛠️💸💡🧰 |
| First American Home Warranty | 🏠🏋️♂️🔌🚛💵 |
| Landmark Home Warranty | 🏡🔧💻📞💸 |
| Liberty Home Guard | 🗽🙏💰🚿🔌 |
| Complete Protection | 🏠🛡️🏡🔧🔌 |
Now, let's dive into the details and learn more about what makes these companies stand out.
The Importance of Having a Home Warranty
The average American household spends around $9,000 annually on home repairs and maintenance. Unexpected breakdowns of major appliances or systems can occur at any time, costing you hundreds or thousands of dollars in repairs or replacements. A home warranty can help alleviate the financial burden of such a catastrophic failure by covering the cost of repair or replacement.
Furthermore, many home warranties offer peace of mind by providing customers with access to reliable service providers 24/7. This responsibility is taken out of the hands of homeowners, allowing them to focus on other important matters in their lives.
Top Home Warranty Companies: Strengths and Weaknesses
1. American Home Shield
Considered the largest home warranty company in the United States, American Home Shield (AHS) stands out for its extensive coverage options, plans tailored to specific needs and budgets, and its highly rated customer service. AHS has been in operation for over 50 years and offers four service plans, optional add-ons like electronics coverage, and a 24/7 claims service.
However, some customers have reported dissatisfaction with AHS's speed of response, denied claims, and increased premiums upon renewal.
2. Choice Home Warranty
Based in New Jersey, Choice Home Warranty is a popular company that offers homeowners nationwide coverage for their home systems and appliances. Choice offers two primary coverage plans as well as optional add-ons for additional items such as a pool or spa. The company has an extensive contractor network that services customers across the United States.
However, Choice Home Warranty has received negative feedback for confusing terms and conditions, delayed service, and communication issues.
3. First American Home Warranty
First American Home Warranty (FAHW) is a popular provider offering warranty coverage in 38 states that covers major systems and appliances. The company has flexible, straightforward pricing and customizable plans to fit different budgets and needs. FAHW also claims a high rate of customer satisfaction with its claims process.
However, some customers have reported FAHW denying their claims, poor quality of service providers, and limitations and exclusions in the contract's fine print.
4. Landmark Home Warranty
Landmark Home Warranty, founded in 2004, is a regional player servicing the Western United States. Despite its regional scope, Landmark sets itself apart with excellent customer service reviews and a unique "No-Risk" guarantee, which promises that if the company fails to repair or replace an appliance, the homeowner will receive their money back.
However, customers have noted that repair or replacement work can take a long time to complete and some customers have experienced issues with claim denials.
5. Liberty Home Guard
Liberty Home Guard offers home warranty coverage throughout the United States and has a strong reputation for customer service satisfaction. The company offers three main plan options with additional coverage add-ons.
However, some customers have reported difficulty claim filing and processing and slow response times.
6. Complete Protection
Complete Protection is a new player in the home warranty industry but has already shown its commitment to providing customers with the best service possible. Complete Protection offers competitive pricing and extensive coverage options, including high-end appliances. Claims can be filed online or over the phone, and customers can easily track their claims.
But as a new player, the company has not yet built up an extensive track record, and their contractor network may be narrower than its competitors.
FAQs About Home Warranty Coverage
1. What is a home warranty?
A home warranty is a type of service contract that provides repair and replacement coverage for home appliances and systems that break down from normal wear and tear.
2. Why is a home warranty important?
A home warranty helps to protect homeowners from unexpected and costly repairs due to the failure of major household systems or appliances.
3. What does a home warranty cover?
A home warranty typically covers major household systems and appliances such as HVAC, plumbing, electrical, kitchen appliances, and more. Coverage may vary depending on the terms and conditions of the contract and the provider.
4. How long does a home warranty last?
A home warranty typically lasts one year. After the one-year period, the homeowner can choose to renew or cancel the contract.
5. How do I make a claim on my home warranty?
Most home warranty companies provide a claims hotline or online system to file a claim.
6. What is not covered by a home warranty?
Home warranties generally do not cover pre-existing conditions, items that have not been properly maintained, or damage caused by external factors such as natural disasters or human error.
7. How much does a home warranty cost?
The cost of a home warranty varies depending on the provider, service plan, and coverage options. The average cost of a home warranty typically ranges from $300 to $700 per year.
Conclusion
Choosing the right home warranty company is an important decision that provides homeowners with peace of mind knowing that their properties and appliances are covered in the event of an unexpected breakdown. American Home Shield, Choice Home Warranty, First American Home Warranty, Landmark Home Warranty, Liberty Home Guard, and Complete Protection are top home warranty companies that have consistently received positive customer reviews and offer comprehensive coverage options, competitive pricing, and reliable service.
Remember, no matter which company you choose, make sure to carefully review the coverage options, contract terms, and any exclusions or limitations before making a decision to ensure that you select the best home warranty for your needs.
And that's it! We hope this article has provided you with valuable insights into the world of home warranty coverage and helped you to make an informed decision. Remember to do your research, compare providers, and choose the right home warranty company to meet your needs.
Disclaimer: The information provided in this article is for informational purposes only. The companies and plans selected are based on research and customer reviews and may not reflect the experience of all homeowners. Always review the terms and conditions of the contract before signing up for a home warranty program.