Top 8 Factors to Consider When Choosing a Home Warranty

A home warranty can be valuable for homeowners who want to protect their homes from unexpected repair costs. It is an affordable way to ensure that appliances, HVAC systems, and other household items are covered in case they break down. 

Remember that a home warranty differs from insurance–if you need clarification on their differences, you can also check our article on Home Warranties vs. Insurance: The Biggest Differences.  

How to Select the Best Home Warranty Company 

Choosing the right home maintenance warranty companies can be daunting for most people. There are many factors to consider when selecting a home warranty provider. To help you, here are the top factors that homeowners should consider when choosing a home warranty:

1. Coverage 

The first factor to consider when choosing a home warranty is the level of coverage provided. Home warranty plans typically cover major systems and appliances, such as heating and cooling, electrical, plumbing, and kitchen appliances. 

However, not all home warranty plans offer the same coverage. It is important to carefully review the coverage options and choose a plan that fits your needs. Some coverage options may include the following:

HVAC

• Heat Exchanger
• Blower Motor
• Inducer Motor
• Capacitor
• Compressor
• Heat Pump
• Evaporator Coil
• Freon 
• Furnace
• Condensing Unit
• Gas Valve 

Plumbing

• Angle Stop (Kitchen and Bathroom)
• Risers
• Plumbing Leaks 
• Gate Valve
• Water Heater Replacement
• Garbage Disposal
• Toilet
• Repipe
• Faucet (Kitchen & Bathroom Sink Only)
• Water Heater Parts (Elements, Thermostat, Plumbers Pack)

Electrical (Inside Only)

• Switches 
• Panels
• Outlets
• Breakers 
• Lights
• Ceiling Fan
• Exhaust Fans (Bathroom Only)
• Garage Door Motor
• Telephone Wiring
• Doorbell
• Central Vacuum (Electric Only)

There are also coverages for appliances, including: 

• Electric Ranges / Wall Ovens / Cook Tops
• Gas Ranges / Wall Ovens / Cook Tops
• Washers Front Load
• Washers Top Load
• Dryers Gas
• Dryers Electric
• Dishwashers
• Refrigerators

When checking a coverage chart, remember that the total coverage may consider factors such as Part Limit / Combined Total and Labor Hours. You can then select your preferred service provider or use a provider map to locate a local specialist to coordinate with home warranty companies on reimbursements. 

2. Cost

Home warranty plans vary in price depending on the level of coverage and the provider. It is essential to compare prices and choose a plan that fits your budget. Keep in mind that the cheapest plan may not always be the best option, as it may offer a different level of coverage than you need.

3. Service Fees

Most home warranty plans require homeowners to pay a service fee when a repair or replacement is needed. This fee can vary from plan to plan, so it is important to compare service fees and choose a reasonable plan.

4. Reputation

Research the provider’s reputation by reading reviews and asking for recommendations from friends and family. Choose a provider with a good reputation for providing quality service and timely repairs.

5. Customer Service

Look for a provider with a customer service team available 24/7 to answer questions and schedule repairs. Choose a provider that is responsive and easy to work with.

6. Exclusions

Home warranty plans typically have exclusions or items that are not covered. It is essential to carefully review the exclusions and choose a plan that covers the items that are most important to you. For example, some plans may exclude coverage for pre-existing conditions or cosmetic damage. Some plans may also not include maintenance, cleaning, smoke detectors, and repairs. 

7. Contract Length

Home warranty plans typically require homeowners to sign a contract for a certain time, such as one year. Reviewing the contract length and choosing a plan that fits your needs is important. Keep in mind that longer contracts may offer better pricing, but they may also be more difficult to cancel if you are unhappy with the service.

8. Deductible Options

Some home warranty plans offer deductible options, which allow homeowners to choose a higher deductible in exchange for lower monthly premiums. It is crucial to consider deductible options and choose a plan that fits your budget.

Conclusion 

A home warranty company can provide homeowners peace of mind and financial protection. They offer protection from unexpected and costly repairs while providing the convenience of having one company to call for all needs. 

Furthermore, they can provide coverage for items not covered by a traditional homeowner’s insurance policy. Overall, home warranties are an invaluable asset and are an essential tool for homeowners to have in their arsenal when it comes to protecting their home and their wallet.

If you’re looking for one of the best home maintenance warranty companies, look no further than Home Membership. We make home warranty easy with our membership benefits and claims process. View our plans today!