If you have a home, you must have looked into home insurance policies or also warranties. However, home warranty and insurance are slightly different. While insurance covers your house, the warranty covers repairs and replacements of each and every appliance or system inside your house. Warranty as you must know that covers the costs for usually a year.
It must be mentioned that the home warranty will cover everything that your insurance won’t. It is obvious that the matters of homes are not decided in a hurry. You must look closely at all of your options, examine all of them, and select that best suits your needs. Luckily, we did it for you. We shortlisted some of the best home warranty companies and scored them on the basis of their reviews service and expert providers.
AMERICAN HOME SHIELD- HIGHLY RECOMMENDED IN TERMS OF EVERY ASPECT:
American Home Shield is a company that offers four plans in total. It also offers optional add-ons as well as gives their clients an opportunity to customize their coverage according to their choice and needs. Their claiming process is pretty efficient and fast-moving. We also found out that they are comparatively more generous in terms of coverage caps on certain systems. Their service fee is also flexible and ranges from as low as $75-$125. It must be mentioned that American Shield has over fifty years of experience and they also deal with nationwide coverage.
We chose American Home Shield because of their elaborate experience and expertise in the field. They have been in the market for a long time ad that is exactly why we can trust them. They offer four plans as mentioned earlier. The best of them is their Build Your Own plan, which allows customization and lets the customer decide the service fee.
They are one of the most popular companies too. We know this because one in every two customers buys an American Home Shield policy.
CHOICE HOME WARRANTY- BEST IN TERMS OF SERVICE:
Choice Home Warranty acts upon exactly what they promise in their name. To them, customer service is a top priority and they plan all their policies according to their customer’s choice. Their unique selling point is their guaranteed response time, which they claim is less than 48 hours. They also do not pressurize their clients into getting something they are not sure about and that is why offer a cancellation policy that can be used within 30 days.
Customers opt for Choice Home Warranty because they do not deny claims on the basis of the age of your home or the age of your systems and appliances. Their 90-day repair guarantee is also a generous quality.
AMAZON HOME WARRANTY- BEST IN TERMS OF ADD-ONS:
As mentioned, Amazon Home Warranty offers their customer an extensive list of add-ons, preferences that they might like to add in their policy and that is what makes them distinctive from their competitors. They have a network of more than 10000 technicians who are licensed and insured themselves. They also have the amazing offer of a month of coverage totally free if the customers sign up on today’s date. Their policy is also generous in terms of coverage caps.
SELECT HOME WARRANTY- BEST IN TERMS OF DEDUCTIBLES:
Select Home Warranty is the company that was rewarded with a “B” rating by the Better Business Bureau. While the rating is proof enough of their commendable customer service, they also offer coverage of two months totally free of cost upon signing up to further win over their customers. Their service of optional septic system coverage and free roof leak coverage are also their top qualities.
Their plan premiums are at a super reasonable cost of $36-$38. It must be noted that the average market rate is $50 which is exceptionally high than Select Home Warranty.
FIRST AMERICAN HOME WARRANTY-BEST IN TERMS OF VALUE:
Two of the best qualities of First American Home Warranty are their flexible payment options as well as their solid coverage plans. They offer their customers with a First Class Upgrade that provides them with an option to protect their systems and appliances, which were improperly maintained, modified, and installed, which is not offered by other companies. They also provide an option of no coverage cap on heating, cooling, or ductwork. Furthermore, their 24/7 customer service is something that is exemplary.
2-10 HOME BUYERS WARRANTY- BEST IN TERMS OF COVERAGE:
2-10 Home Buyers Warranty acquired an “A” grade from the Better Business Bureau, which proves that they are probably the best in the business. They have the best and the most comprehensive deals in the market ranging from $35-$45 per month.
WHY HOMEOWNERS BENEFIT FROM HOME WARRANTY:
It is a common question that homeowners ask that why do they need a home warranty when they already have their homes insured? The answer to this question is that warranty and insurance are very different from each other. While home insurance covers specific cases such as vandalism, hail, or fire, Home Warranty covers almost everything that comes under appliances and systems. Appliances like refrigerators, dryer, washer, the microwave are things that often need repair and maintenance, and a home warranty covers that. The fact that a home warranty is available online is what makes it even more convenient.
WHAT WILL A HOME WARRANTY COVER?
It must be clear by now that a home warranty covers damages of appliances and systems in your house. These damages or also known as wear and tear can cause due to technicalities, which stops the appliances from working, as it should be. For example, in case your refrigerator stops cooling suddenly, a home warranty will cover the costs to fix the problem but if your refrigerator gets a dent due to any negligence caused by you, the home warranty will not cover it.
Damages that occur due to natural disasters or due to pre-existing conditions are also not covered under home warranty. Following are some appliances that are covered under home warranty:
- Garbage disposal
- Plumbing stoppage
- Water heater
- Whirlpool bathtub
If you own appliances, which are not mentioned in the list, do not worry, you can always get additional coverage from them. The additional items maybe:
- Pools and spas
- Well pumps
- Central vacuums
- Second refrigerators
- Limited roof leaks
- Stand-alone freezer
- Sump pump
- Septic system
- Septic tank pumping
DO ALL HOMEOWNERS NEED A HOME WARRANTY?
No, not all homeowners should get a home warranty without a good reason. Frankly, if you are someone who does not mind and can afford to pay for some expected wear and tear of the appliances and systems, you can skip buying a home warranty. Furthermore, if your appliances are brand new and in good shape, a home warranty can be excessive as new appliances do not break or get damaged easily. You should only buy a home warranty if your appliances are old and are more prone to wear and tear.
HOW MUCH DOES HOME WARRANTY COST EXACTLY?
We understand that you must be thinking that a home warranty will probably cost you too much but that is exactly its opposite. It is not that expensive and some companies are offering really good deals on home warranties. You also have the option to customize your policy as well as payment procedures.
If you do not have a warranty, you will end up spending more considering that you will shed thousands of dollars in repairs. However, in case of a home warranty, all you have to do is pay the technician that comes at your home to fix the appliances. The service fee usually ranges from $50 to $120.
HOW CAN ONE GET A HOME WARRANTY AND HOW DOES THE PROCEDURE WORKS?
Getting a home warranty is now as easy as ordering clothes online. Thanks to technology, all you have to do is fill out the application form online. If the company requires an inspection, it will take a couple of days but if not, the process will move forward even more quickly and you will have a policy to your name in no time.
Once your policy is approved and sealed, there is usually a 30 days grace period, which you will have to pass. This grace period is a condition of the company to ensure that all the pre-existing conditions are solved before you start with a warranty. After this, you can claim for your appliances. The procedure to do so is as simple as the application process.
It depends upon your company that what option they have for filing claims. The usual is making a phone call or submitting an online claim on their respective website. As soon as your claim is received, the company starts reviewing your policy and then sends a technician to assess and examine your system and appliances and take notice of what needs repair and what caused it to get damaged.
You will have to pay a minimal service fee to the technician and then he/she will start repairing and fixing your appliance. In cases where there is no chance that the appliance can be repaired, the home warranty company will replace it with a new one within a few days.
HOW TO OPT FOR THE BEST HOME WARRANTY SERVICE?
As we shortlisted some companies for you, the process of choosing a suitable provider is now easier. All you have to do is opt for the one that best suits your demands the demands could range from 24/7 customer service or even coverage range. It is completely upon your choice. Online reviews are also helpful in matters like these.