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Your home is likely your most valuable investment. Appliances, HVAC, plumbing, and electrical repairs can cost thousands of dollars to fix, often times breaking without warning. A home warranty can provide peace of mind by covering major systems and appliances in your house.Last Updated: May 2019
Home warranties have become increasingly popular in the United States, especially with mortgage rates increasing, and available funds in the savings accounts of homeowners decreasing. Taking into account that your home is your largest investment, you can probably understand why signing up for an extended home service contract is quickly becoming an important part of the home buying process.
You might be wondering exactly what is a home warranty? The simplest explanation is that home warranties are insurance policies that pay for the maintenance or repair of major home appliances and systems. Depending on the home warranty plan, certain items in your home might not be covered, which makes understanding the difference between home warranty coverage types so important, and why we created our list of recommended home warranties.
You wouldn’t trust the care of your home to just anyone, so why should choosing a home warranty provider be any different? Our recommended list of home warranties gives you a chance to see what current customers say about working with the top home warranty companies. This allows you to choose a home warranty plan with confidence and gives you the peace of mind that comes with knowing your home is protected from unexpected repair costs.
The best home warranties offer flexible pricing plans or even customizable service packages. This means you can choose which appliances and systems in your home are covered by your home warranty, and some companies even allow you to pick if you want to pay your home warranty premiums monthly, quarterly, or annually to help you fit coverage into your budget.
Many of the best home warranty companies offer homeowners extra benefits on top of excellent coverage of home repair costs. Our home warranty reviews show you some of the best coverage benefits, such as discounts on new appliances, AC and furnace filters, or even your monthly electric bills through special partnerships with utility companies and other service providers.
Nobody wants a suspicious stranger in their homes or someone without any qualifications working on their appliances, AC, or plumbing. Each of the home warranty providers on our list offers their customers trained service technicians for all home repairs and some even provide certified repairmen to make sure you’re getting the best home warranty service possible.
Even the most comprehensive home warranty plan doesn’t do you any good if you can’t figure out how to file a claim or get your policy information. That’s why all of the home warranties we included in our recommended list offers great customer support. Each of our home warranty reviews will show you exactly how to reach out for help with home warranty claims or answers to your questions, whether that’s by phone, live online chat, or a simple email contact form.
Home repair experts advise homeowners to budget around 1% of the total cost of their home for yearly repair costs. That means if you paid $400,000 for your house, you can expect to pay about $4,000 a year in regular maintenance. And that’s not including any unexpected issues you might encounter along the way, like an AC breakdown or faulty plumbing.
Top-rated home warranty providers help you keep your cool by reimbursing you for major home system and appliance repairs. Without one, you’ll need to start a special home repair savings account or could even go into debt just to keep your house safe and sound. Yikes!