Reviews of Home Warranty Companies: Everything You Need to Know
Introduction
If you’ve ever experienced a major household appliance breakdown, you know how costly and stressful it can be. That’s where home warranties come in: they cover the costs of repairs or replacements for various appliances and systems in your home. But with so many companies offering home warranties and varying levels of coverage, it can be challenging to determine which one is right for you. In this article, we’ll provide you with the reviews of the best home warranty companies in the US and help you make an informed decision.
What is a Home Warranty?
A home warranty is essentially a service agreement that provides coverage for the repair or replacement costs of home systems and appliances that break down due to normal wear and tear. Home warranties are different from homeowners’ insurance in that they don’t cover damage caused by natural disasters or other unforeseeable events. Home warranties usually require a monthly or annual fee, and they can help homeowners save money on repairs and replacements, especially if they have older appliances and systems.
Why Are Home Warranties Important?
There are many reasons why home warranties are important. For one, they offer peace of mind by protecting homeowners from the high costs of unexpected repairs or replacements. Additionally, home warranties can help homeowners save money on maintenance and repairs in the long run. They can also add value to a home, as many potential buyers will be interested in purchasing a home with an existing home warranty.
How to Choose a Home Warranty Company?
When choosing a home warranty company, it’s essential to do your research and compare different providers. Some of the factors to consider include the coverage options, pricing, customer service, and reputation. You should also pay attention to the terms and conditions of the contract, as some home warranty providers have complicated or restrictive coverage policies. Finally, make sure to read reviews from other homeowners to get an idea of the company’s reliability and performance.
The Pros and Cons of Home Warranty Companies
| Strengths | Weaknesses |
|---|---|
| Provide peace of mind and financial protection against unexpected repairs | Some coverage exclusions may apply, limiting the effectiveness of the warranty |
| Can save homeowners money on repairs and replacements in the long run | Premiums can be expensive, especially if you need extensive coverage |
| Add value to homes and can make them more attractive to potential buyers | Some providers have complicated or restrictive terms and conditions that are hard to understand |
| Offer a range of coverage options, so you can choose the plan that best fits your needs and budget | Some homeowners may not need a home warranty if their appliances and systems are relatively new and in good condition |
Reviews of the Best Home Warranty Companies
1. American Home Shield
American Home Shield is one of the oldest and most popular home warranty providers in the US, with over 1.8 million customers. They offer a range of coverage plans for appliances, systems, and other items in your home, including optional coverage for electronics and pools. American Home Shield has a 24/7 customer service hotline and a network of qualified repair technicians. However, some customers have reported slow response times and high service fees.
2. Choice Home Warranty
Choice Home Warranty offers comprehensive coverage for everything from air conditioning to plumbing to your garage door opener. They have a large network of qualified contractors and technicians and provide quick customer service. Choice Home Warranty has competitive pricing and offers a satisfaction guarantee, but some customers have reported disputes over claim denials and poor communication with contractors.
3. Select Home Warranty
Select Home Warranty provides flexible coverage options for appliances, systems, and even home electronics. They have a satisfaction guarantee and a fast claims process, with many claims resolved in as little as 48 hours. Select Home Warranty has reasonable pricing and has received positive reviews for its customer service. However, some customers have reported difficulty canceling services and claim denials due to pre-existing conditions.
4. Liberty Home Guard
Liberty Home Guard offers customizable plans for homeowners and real estate agents, with coverage for appliances, systems, and even pre-existing conditions. They have a 24/7 customer service hotline and a network of licensed technicians nationwide. Liberty Home Guard has competitive pricing and a 90-day workmanship guarantee. However, some customers have reported difficulty with the claims process and lack of responsiveness from customer service.
5. Total Home Protection
Total Home Protection offers comprehensive coverage for appliances, systems, and even home electronics. They have a 24/7 customer service hotline and a network of qualified repair technicians. Total Home Protection has fast claims processing and competitive pricing, with no service call fees. However, some customers have reported poor customer service and difficulty with the claims process.
FAQs
1. Are home warranties worth it?
Home warranties can be worth it if you have older appliances and systems in your home that are prone to breaking down. They can also offer peace of mind and financial protection from unexpected repairs.
2. What does a home warranty cover?
A home warranty typically covers repairs or replacements for appliances and systems that break down due to normal wear and tear. The coverage depends on the plan you choose.
3. How much does a home warranty cost?
The cost of a home warranty varies depending on the coverage options, the provider, and your location. Typically, monthly premiums range from $30 to $100.
4. How long do home warranties last?
Most home warranties last for one year, but some providers offer longer coverage periods or allow you to renew your contract annually.
5. Can I choose my own repair technician with a home warranty?
It depends on the provider. Some home warranty companies have a network of qualified professionals that they work with, while others allow you to choose the repair technician of your choice.
6. Do home warranties have deductibles?
Some home warranty plans may have service call fees or deductibles that you must pay when a repair technician comes to your home.
7. How do I file a claim with my home warranty provider?
You can typically file a claim by calling the provider’s customer service hotline or by filling out a claim form online. You will need to provide information about the appliance or system that needs repair and verify your coverage.
8. What happens if my appliance or system can’t be repaired?
If your appliance or system can’t be repaired, your home warranty provider will usually cover the costs of a replacement, up to a certain amount.
9. Can I cancel my home warranty?
Most home warranty companies allow you to cancel your contract at any time, but there may be fees or penalties for early cancellation. Make sure to read the terms and conditions of your contract carefully.
10. Will a home warranty cover pre-existing conditions?
It depends on the provider and the specific terms of your plan. Some home warranty companies may exclude coverage for pre-existing conditions or may require an additional fee for coverage.
11. Can I transfer my home warranty to a new homeowner?
Some home warranty providers allow you to transfer your contract to a new homeowner, which can be a selling point for potential buyers.
12. How do I renew my home warranty?
Most home warranty providers will contact you before your contract expires to offer renewal options. You can also contact the provider directly to renew your contract.
13. How long does it take to get a repair technician to my home?
The time it takes to get a repair technician to your home varies depending on the provider and your location. Some companies offer guaranteed response times, while others may take longer to schedule appointments.
Conclusion
In conclusion, home warranties can be a valuable investment for homeowners who want to protect themselves from unexpected repair costs. With careful research and consideration, you can choose a home warranty provider that offers the coverage and service you need. Make sure to read reviews, compare prices, and understand the terms and conditions of your contract before signing up. Don’t let unexpected repairs break the bank – invest in a home warranty today.
Disclaimer
The information contained in this article is for general purposes only and does not constitute legal, financial, or professional advice. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the article or the information, products, services, or related graphics contained in the article for any purpose. Any reliance you place on such information is therefore strictly at your own risk.