Best Home Warranty Companies 2024
Are you tired of worrying about unexpected home repairs? Do you want the peace of mind of knowing you're protected from the financial burden of breakdowns? A home warranty may be the perfect solution. Our review of the best home warranty companies for 2024 will help you find an ideal choice for your requirements.
Detailed Review Of Best Home Warranty Companies
Explore 2024's top home warranty companies and compare vital details such as coverage , pricing, customer service, and local network strength to identify an ideal plan as per your needs. Let's navigate the home warranty landscape together and empower you to make the smartest choice for your home's future!
Pros
- Elite Home Warranty is accredited by the BBB and holds an A+ rating
- The company offers 24/7 US Based Live Claims Concierge
- EHW offers no contracts, allowing cancellation anytime
- The company offers a 90-day workmanship warranty to the customers
Cons
- Does not provide proper pricing details on the website
50% Off + First Month Free
Premium
$45 - $60
Deductible
$70
Appliances Coverage Limit
$15K
Response Time
24 - 48 hours
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Pros
- Elite Home Warranty is accredited by the BBB and holds an A+ rating
- The company offers 24/7 US Based Live Claims Concierge
- EHW offers no contracts, allowing cancellation anytime
- The company offers a 90-day workmanship warranty to the customers
Cons
- Does not provide proper pricing details on the website
Pros
- Free roof leak coverage
- 24/7 customer service
- 90-day parts guarantee and 30-day labor guarantee
Cons
- No choice of contractor
- Low aggregate limit for the contract
1st month free + Free roof coverage
Premium
$46 - $55
Deductible
$75 - $125
Appliances Coverage Limit
Upto $3K/item
Response Time
Up to 48 hours
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Pros
- Free roof leak coverage
- 24/7 customer service
- 90-day parts guarantee and 30-day labor guarantee
Cons
- No choice of contractor
- Low aggregate limit for the contract
Pros
- Flexible service call fee
- Covers undetectable pre-existing conditions
- Offers generous coverage caps
Cons
- Limited additional coverage options
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Pros
- Flexible service call fee
- Covers undetectable pre-existing conditions
- Offers generous coverage caps
Cons
- Limited additional coverage options
Pros
- Offer 13 months of coverage on annual plans
- Has many add-on options in addition to standard plans
- Provides 90 days parts recall and 30 days labor recall
- Offers coverage for outside utility lines such as sprinklers, sewer lines, and water line
Cons
- No 24/7 customer service
- Charges a fee for contract transfer
Premium
$50 - $62
Deductible
$65 - $125
States Covered
All 50 U.S States
Appliances Coverage Limit
$6K - $9K per plan
Response Time
24 to 48 hours
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Pros
- Offer 13 months of coverage on annual plans
- Has many add-on options in addition to standard plans
- Provides 90 days parts recall and 30 days labor recall
- Offers coverage for outside utility lines such as sprinklers, sewer lines, and water line
Cons
- No 24/7 customer service
- Charges a fee for contract transfer
Pros
- Affordable and flexible pricing plans
- Comprehensive coverage that includes both systems and appliances
- Simple and user-friendly claims process
Cons
- Some customers have expressed dissatisfaction with longer-than-expected repair times?
Premium
$39.99
Deductible
States Covered
All 50 U.S States
Appliances Coverage Limit
N/A
Response Time
N/A
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Pros
- Affordable and flexible pricing plans
- Comprehensive coverage that includes both systems and appliances
- Simple and user-friendly claims process
Cons
- Some customers have expressed dissatisfaction with longer-than-expected repair times?
Pros
- Offers various deductible and payment options
- Gives a choice to pick your licensed contractor
- Offers roof and extended pipe leak coverage
Cons
- Higher premiums on lower deductibles
Premium
$58.82 - $63.48
Deductible
$50 & $100
Appliances Coverage Limit
$25,000 contractual limit
Response Time
48 - 72 hours
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Pros
- Offers various deductible and payment options
- Gives a choice to pick your licensed contractor
- Offers roof and extended pipe leak coverage
Cons
- Higher premiums on lower deductibles
Pros
- Service guarantee for the entire term plan
- Choice of technician
- Plans with extra benefits available
Cons
- Limited add-on options
- Doesn’t cover pre-existing conditions
Premium
$33 - $56
Deductible
$75 - $125
Appliances Coverage Limit
N/A
Response Time
N/A
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Pros
- Service guarantee for the entire term plan
- Choice of technician
- Plans with extra benefits available
Cons
- Limited add-on options
- Doesn’t cover pre-existing conditions
Pros
- Does not mandate home inspections
- Offers Plumbing Plus and various such upgrades
Cons
- Offers limited add-ons
Premium
$47 - $87
Deductible
$75, $100 & $125
States Covered
35 States
Appliances Coverage Limit
$2.5K
Response Time
Up to 48 hours
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Pros
- Does not mandate home inspections
- Offers Plumbing Plus and various such upgrades
Cons
- Offers limited add-ons
Pros
- Offers 180-day workmanship guarantee
- Provides free water sensor to detect leaks
- Has a digital dashboard for customers
Cons
- Limited optional add-ons as compared to the competition
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Pros
- Offers 180-day workmanship guarantee
- Provides free water sensor to detect leaks
- Has a digital dashboard for customers
Cons
- Limited optional add-ons as compared to the competition
Pros
- Offer 24/7 emergency services
- Offers aggregate coverage limit of $25,000
Cons
- No choice of contractor in a non-emergency situation
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Pros
- Offer 24/7 emergency services
- Offers aggregate coverage limit of $25,000
Cons
- No choice of contractor in a non-emergency situation
Comparison Of The Top Home Warranty Companies
The table below compares our top home warranty providers based on the premium cost, service fee, coverage caps, and workmanship.
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Company
|
Best For
|
Premium
|
Service Fee
|
Coverage Limit
|
Workmanship guarantee
|
|
|
|
Best Overall | $45 - $60 | $70 | $15K | 24 - 48 hours |
|
|
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Most Popular | $46 - $55 | $75 - $125 | Upto $3K/item | Up to 48 hours |
|
|
Best For Claims Settlement | $29 - $89 | $100 & $125 | $4K - $5K | Up to 48 hours |
|
|
Best for Coverage | $50 - $62 | $65 - $125 | $6K - $9K per plan | 24 to 48 hours |
|
|
Best for Coverage | $39.99 | N/A | N/A |
|
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Verified home warranty reviews & ratings.
Expert opinions on home warranty companies.
Help in choosing the right home warranty.
What Are The Different Types Of Home Warranty Plans?When choosing a home warranty plan, understanding the different types available is crucial for finding the right fit for your needs and budget. Here's a breakdown of the most common types: |
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Home System Warranty |
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Home Appliance Warranty |
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Combination Warranty |
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Real Estate Warranty |
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Optional Add-Ons |
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What Goes Into Picking The Best Home Warranty Companies?
- We pick the companies after considering numerous factors: pricing, coverage, homeowners' reviews, customer support, exclusions, cancellation policies, discounts, and nationwide availability.
- Our editorial team devoted many hours of research to ensure unbiased and independent company reviews.
- From over 100,000 customer reviews from our website, we fact-checked the legit reviews to maintain accuracy and relevance.
What Goes Into Picking The Best Home Warranty Companies?
- We pick the companies after considering numerous factors: pricing, coverage, homeowners' reviews, customer support, exclusions, cancellation policies, discounts, and nationwide availability.
- Our editorial team devoted many hours of research to ensure unbiased and independent company reviews.
- From over 100,000 customer reviews from our website, we fact-checked the legit reviews to maintain accuracy and relevance.
Choosing the Right Protection: What to Look for When Buying a Home Warranty
Buying a home is a big investment with ongoing responsibilities like maintenance and repairs. While unexpected breakdowns are inevitable, a home warranty can offer much-needed protection against the financial burden they can cause.
But with so many options available, choosing the right home warranty can be overwhelming. Here's a guide to help you navigate the market and find the best plan for your needs:
Understanding Coverage
Understanding Coverage
- What's included:
Carefully review the plan details to understand what systems and appliances are covered. - Coverage limits:
Pay attention to the coverage limits per repair or year. These limits can vary significantly between plans; exceeding them can leave you responsible for additional costs. - Exclusions:
Be aware of what's not covered under the warranty, such as pre-existing conditions, cosmetic damage, and damage caused by negligence or misuse.
Cost and Value
Cost and Value
- Plan price:
Compare prices of different plans to find one that fits your budget. Remember, the cheapest option might not always be the best value. - Deductible:
The deductible is the amount you pay for each covered repair. - Service fees:
Some companies charge additional fees for service calls, trip charges, or after-hours emergency service.
Company Reputation
Company Reputation
- Claim process:
Look for companies with a good track record of services and prompt claim settlements. - Customer service:
Choose a company that offers easy access to representatives and is willing to resolve issues promptly. - Financial stability:
Check the company's financial stability to ensure they will be around to honor your warranty in the long run.
Additional Considerations
Additional Considerations
- Contract terms:
Review the contract terms carefully, including the length of the contract, renewal options, and cancellation policies. - State regulations:
Home warranty laws vary by state. - Home age and condition:
Consider the age and condition of your home when choosing coverage. Older homes may require more comprehensive coverage.
Factors Influencing The Cost Of Home Warranty Plans
The amount you should spend on a home warranty depends on several factors, including
- The cost of home warranty plans depends on the comprehensiveness, deductibles, and service fees involved. A standard plan may cost around $30-60/month, whereas a combo plan may cost about $50-100 monthly.
- Each add-on typically costs around $10-20/month, and typical deductibles range from $50 to $200 per repair.
- Longer contracts typically offer lower monthly premiums. Standard contracts are monthly or yearly plans, but you can also find two or three years options.
- Areas with higher costs of living typically have higher home warranty prices.
Here are some additional resources that you may find helpful:
Importance Of Reading Your Home Warranty Contract
A home warranty is a valuable tool for homeowners, offering protection from the unexpected costs of repairs and replacements. However, reading and understanding your home warranty contract is crucial to ensure you get the most out of your coverage and avoid unpleasant surprises.
Here's why reading your home warranty contract is essential:
- Contracts detail what systems and appliances are covered and what isn't. This helps you manage expectations and avoid disappointment when a claim is denied for something not included in your plan.
- Contracts outline the process for submitting claims, including deadlines and documentation requirements. Knowing these procedures beforehand streamlines the process and ensures your claim is handled efficiently.
- Contracts explain the renewal process and any automatic renewals. This lets you decide whether to continue your coverage and avoid unwanted charges.
- Contracts outline procedures for resolving disputes between you and the home warranty company. Understanding these procedures helps you navigate any disagreements effectively.
Who Regulates Home Warranty Companies?
Here's an overview of home warranty regulations:
State Level
Each state has its own laws governing home warranties. These laws can differ significantly in terms of:
- Licensing requirements for companies
- Contract disclosure requirements
- Claim handling procedures
- Cancellation policies
- Consumer protection measures
Types of Regulations
- Licensing: Some states require home warranty companies to be licensed before operating.
- Financial solvency: Some states require companies to demonstrate financial stability to fulfill their obligations.
- Contract requirements: States may dictate the specific information that must be included in home warranty contracts, such as coverage details, exclusions, and claims procedures.
- Consumer protection: Some states have specific laws protecting consumers from unfair practices by home warranty companies.
Resources for Consumers
- National Home Service Contract Association (NHSCA): https://homeservicecontract.org/
Frequently Asked Questions (FAQs)
Who Needs A Home Warranty?
A.
A home warranty is a good idea for people who own older homes with aging systems and appliances likely to break down. It can also be a good purchase for landlords, home buyers or sellers.
Which Company Has The Best Home Warranty Program?
A.
It’s difficult to pinpoint any one company since they all tend to differ on various parameters. We shortlist the best companies based on various criteria and present them with awards on annual basis.
What Is A Trade Service Call Fee? Should Homeowners Bear This?
A.
A trade call fee is a payment a customer must pay during service visits. Companies also refer to it as deductible, service fee, or copay. This amount is non-refundable and varies depending on the company.
Who Regulates Home Warranty Companies?
A.
Home warranty companies are regulated by different bodies in each state, such as the Texas Real Estate Commission in the state of Texas. Overall, the National Association of Insurance Commissioners also makes a lot of statements about the service contract industry, though it is not insurance.
There is a self-regulating body called the National Home Service Contract Association (NHSCA), the members of which follow regulations and ensure that they are properly licensed.
What To Look For In A Home Warranty Company?
A.
While choosing a warranty company, carefully check out the company’s service agreement, inclusions, exclusions, and cost details, among others.
What Isn't Covered Under A Home Warranty?
A.
A home warranty typically doesn’t cover damages due to improper installation, cosmetic issues such as scratches or dents due to failed maintenance, misusing items, or repairs that are not included in your coverage plans.
What Is Covered Under A Home Warranty?
A.
A typical home warranty covers the cost of the service, repair, or replacement of major home appliances and systems. Every company has different coverage options, which you can check in their agreements.
How Long Does A New Home Warranty Last?
A.
Generally, a home warranty lasts for a year, but the majority of companies renew the home warranty at the end of the term. Some companies also offer plans for longer terms.
What Is The Average Waiting Period Of Any Warranty Company?
A.
The average waiting period of any home warranty company is 30 days. However, it may increase or decrease depending on the company. So we recommend you confirm it with your home warranty provider at the time of purchase.
What Are Home Warranties For Multi-Family Homes?
A.
Home warranties for multi-family homeowners renting one or many appliances and services with their tenants or other households. This coverage is particularly useful for homeowners residing in apartments or family dwellings.