A home warranty is optional coverage you can purchase for your home's main appliances and systems. With a home warranty, you pay a monthly or yearly premium that will help offset the costs of maintenance, repair, or replacement of your appliances and systems.
What does a $500 home warranty cover? An annual service contract for $500 will typically cover basic systems like air conditioning, electrical, and plumbing, and important appliances like your refrigerator, dishwasher, washer, and dryer.
A home warranty plan will typically cover most major components of large home systems, such as your HVAC, hot water heaters, plumbing, electrical and more. It may also cover regular appliances such as washers, dryers, refrigerators and stoves.
Home warranties also typically do not cover things such as: Cosmetic defects, such as scratches or dents to kitchen appliances. Damage from pests. Improper installation, misuse, or neglect.
A home warranty isn't worth it: You have limited access expected repair or replacement expenses. The warranty covers only the least expensive solution to the problem, which could be recurring the repairs. Your appliances are dated and could break down in the near future.
We consider the following providers to be the worst home warranty companies in the industry:
American Home Shield Review: Customer Complaints Make This Home Warranty a Bad Idea. American Home Shield is poorly rated for its customer service, but weak competition means it's still among the better home repair insurance companies.
Old Appliances & Systems: Are They Covered by Home Warranties? When asking if your old HVAC unit will be covered under a home warranty, the answer is yes. ... When choosing standard systems, you can include your heating system, water heater, plumbing system, ductwork, HVAC or other cooling unit and your electrical system.
Home warranties do not cover a full replacement of your roof. Your home warranty contract will cover repairs due to leaks. Roof replacement may be handled by your homeowners insurance coverage. Be sure to document the damage as soon as you notice it, such as after a storm or when the leak suddenly happens.
Best for Coverage Options American Home Shield
American Home Shield has been in business for nearly 50 years. It's the largest, most-chosen home warranty provider, and it pays out more service requests than any other home warranty company. The company offers several plans.
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