Homeownership is continually evolving which means homeowners are looking for ways to safeguard their investments. This is where home warranty companies show their importance, providing protection and tranquillity to homeowners. Let’s take an in-depth look at all you need to know about home warranties, specifically focusing on how they work, and the top home warranty companies that stand out in the market.
Home Warranty vs Home Insurance
Before we go into detail on the key home warranty companies in the US, it’s important to understand the fundamentals of a home warranty. Home warranty is different from home insurance which primarily covers structural damage and loss of property due to fire or theft. However, home warranty is broader than home insurance because it covers the replacement of major household systems and appliances due to normal wear and tear. Home warranty companies function mostly as service contracts, covering basic items like HVAC systems, plumbing, electrical systems, kitchen appliances, and more. Homeowners who like access to these services must pay a monthly or annual premium for this coverage. When a covered item is broken, the warranty company fixes it and covers the cost of repairs or replacements.
The Benefits of Home Warranties
- Financial Security
Home repairs usually have high repair costs, especially with items like refrigerators. A home warranty company will reduce this cost by offering financial security and repairing home appliances without you needing to worry about unforeseen expenses.
- Convenience
A home warranty will enable homeowners to enjoy the convenience of a streamlined process when a covered item requires an expert. The home warranty company will call the homeowner and schedule a repair with qualified professionals.
- Added Home Value
A home warranty can make your home appliances more valuable, making them attractive for years to come and increasing their resale value.
Top Home Warranty Companies
1- American Home Shield
American Home Shield provides a lot of benefits to homeowners. This company has a lot of experience due to its capable contractors. American Home Shield can send their contractors in case of any damage to your appliances, or you can simply hire your own contractors and they will cover it. Furthermore, they have a very easy-to-access customer service which makes it easy to process customer requests. makes it easy. American Home Shield offers several benefits to homeowners. One of these benefits is the option for homeowners to choose their own contractor. Furthermore, it’s affordable when compared to other home warranty companies.
Plans and Coverage
American Home Shield offers a diverse price range for all its coverage plans. Below is a table showing the different coverages and costs.
2- AFC Home Club
AFC Home Club is a great choice for homeowners looking for a wide selection of coverage options to choose from. This home warranty company also offers a lot of benefits including a three-year warranty on work that its technicians and contractors perform. The home insurance company also allows customers to choose their own contractors. Furthermore, with AFC, you can choose your professional repairer and how much their service fees will cost while maintaining a three-year warranty on work performed.
Plans and Coverage
AFC Home Club is amongst the best home warranty companies because of its numerous options available. Below are the different coverages offered by AFC.
3- Home Warranty of America
Home Warranty of America is a home warranty company that is popular for providing customizable plans to meet the needs and budgets of homeowners. This home warranty company offers different plans. There is a plan meant for devices ranging from appliances to systems, with optional add-ons available for items like pool equipment and well pumps. Home Warranty of America also offers a 30-day warranty for its well-trained technicians.
Plans and coverage
While Home Warranty of America doesn’t have as many plans as its other competitors, it offers exceptional fast service on your repairs. Here are the different coverages offered by Home Warranty of America.
We have seen 3 home warranty companies in America, including American Home Shield, AFC Home Club, and Home Warranty of America. With all these 3 companies which one is the best home warranty? While all three companies offer top-notch services, finding the best home warranty company will boil down to the homeowner’s specific needs. Ensure to do your research on the different home warranty companies before purchasing their services.
Choosing the Right Home Warranty for You
While most home warranty companies share a common goal of covering homeowners in case of damage, it’s essential to choose a plan that meets your specific needs. Here are some considerations when choosing a home warranty company.
- Coverage Options
Homeowners need to examine the different types of coverage provided by the home warranty company. Common coverages include essential systems like plumbing, electrical, HVAC, and appliances. Some home warranty companies even go as far as providing add-on options for special appliances.
- Service Fees and Deductibles
Homeowners should also be aware of the different service call fees and deductibles when choosing a home warranty company. When choosing a home warranty company, ensure to choose a company that’s affordable and offers comprehensive coverage.
- Contract Terms and Conditions
Reviewing the terms and conditions of a warranty contract before signing is another important aspect to check. Homeowners should analyze coverage limits, exclusions, and any pre-existing conditions that may make the claim valid or invalid.
- Customer Reviews and Ratings
Check customer feedback to see if the home warranty company is good at satisfying its customers. Read both positive and negative reviews to see if the company is legit.
Conclusion
Home warranty companies are important in covering your home and reducing the financial burden of unexpected repairs. From this article, you must have understood the different types of home warranties and explored reputable companies in the market. Therefore, it’s your time to make an informed decision to protect your investment for years to come.
