Updated Jan 10, 2023
Updated Jan 10, 2023
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Home warranties provide great coverage for unexpected repairs and replacements of major home systems and appliances. You can get a home warranty policy on homes of any size and shape, including luxury ones. All major home warranty companies provide coverage for luxury homes.
Sure, your homeowner’s insurance policy will cover some damages, but they almost always have a high deductible and don’t cover systems and appliances as home warranties do. So, if you only have homeowner’s insurance, you’ll have to pay for repairs and replacement of these items out of pocket. That’s where a home warranty policy helps the most – it can save you hundreds to thousands of dollars in costs.
With that said, finding the best home warranty providers for luxury homes with all the plan and coverage options is challenging. That’s why we researched all the top brands and made this top five list. We vetted every home warranty company with a microscope to ensure they have the best coverage for luxury homes.
Why Trust House Method
House Method’s Experts collected and analyzed 2000+ critical data points to identify what makes a great home warranty company in the eye of the consumer. Our reviews team used this data to assess over 60 home warranty providers for coverage extent, annual cost, and national availability to provide unbiased reviews so homeowners can confidently navigate key decisions about their homes.
Luxury homes usually have higher-end appliances and home systems to match the aesthetics and provide enough capacity for the typically larger floorplan. So, most luxury homes need higher coverage caps and additional coverage above what usually comes with a standard home warranty policy.
Not every home warranty company provides the same amount of coverage, making finding the best one for your home critical. The top providers have high coverage caps, fair rates, low service call fees, great customer service, and several optional add-ons for luxury homes.
To find which home warranty companies are best for luxury homes, we researched them all and put together a list of the top five based on the above criteria.
Choice Home Warranty (CHW) is our top choice of home warranty company for luxury homes. It has high coverage caps, experienced and quick customer service, reasonable pricing and service fees, and a variety of optional add-ons. It offers various plans that luxury homeowners can choose from to get the best coverage for them.
Choice Home Warranty has plenty of experience in the industry with over 15 years in business. It is a top choice for luxury homeowners, landlords, home buyers, and real estate investors since it has a great track record and is easy to work with. Some advantages of CHW are its low-cost service fee of $85 and several optional add-ons that many luxury homes need.
You can get a Choice Home Warranty plan in every U.S. state except for WA.
CHW offers two home warranty plans and several optional add-ons to ensure you can cover everything you need in your luxury home.
For a free home warranty quote from CHW, call 929-400-6164 or fill in its online form.
To learn more about this great home warranty provider, look at our full Choice Home Warranty review.
Select Home Warranty (SHW) is one of the most comprehensive home warranty providers for luxury homes. It offers three comprehensive home warranty plans and plenty of optional add-ons to get the most coverage in your luxury home. They also have lower service fees than most companies, which means you won’t have to pay a whole lot if you have an issue.
SHW is in great standing with its customers. It has a good B rating on the Better Business Bureau (BBB) and a solid 3.8/5 star rating on Trustpilot.
A few great features about the company are its reasonable pricing, considering how many items they cover, and its roof leak coverage for living areas. Select Home Warranty has been in business since 2009 and offers its home warranty plans to 46 states. It is not available in NM, NV, WA, and WY.
Select Home Warranty has three home warranty plans. For luxury homeowners, select enough coverage since you’ll likely have more appliances and systems.
Get a free Select Home Warranty quote by filling out this form or calling its number – 888-370-3953.
For more information about the company and its plans, read our Select Home Warranty review.
American Home Shield (AHS) is another great choice for your luxury home warranty. It is one of the oldest and most well-renowned home warranty providers, with over 45 years in business and 1.3 million+ customers.
Owners of luxury homes can choose additional coverage from the several optional add-ons AHS offers. Each of its three plans has high coverage caps and covers up to 33 systems and appliances (depending on the plan).
American Home Shield has some of the best consumer ratings in the industry. It holds a great A+ rating on the Better Business Bureau and many positive reviews. AHS offers its home warranty plans in every U.S. state besides AK.
American Home Shield offers three home warranty plans with varying levels of coverage:
Additionally, owners of luxury homes can get the following add-ons:
For a free home warranty quote from AHS, fill out their form or call 888-365-2839.
To learn more about American Home Sheild and its warranty coverage, read our full review.
The Home Service Club (HSC) is one of the top home warranty companies for luxury homes because its plans cover several home systems and appliances, including water heaters, sump pumps, refrigerators, well pumps, air conditioners, and more.
HSC has one of the fastest waiting periods of any home warranty provider. Your coverage starts just ten days after enrollment; the average in the industry is 30 days. A shorter waiting period is beneficial because it lets luxury homeowners use their coverage sooner if a breakdown occurs.
Along with its two comprehensive home warranty plans, HSC has many optional add-ons. This allows homeowners to add coverage for everything they need. The Home Service Club offers its home warranty plans to every U.S. state.
HSC has two coverage plans and several optional add-ons:
Complete this online form to get a free home warranty quote for your luxury home from The Home Service Club or call the company at 800-842-9334.
Read our review of The Home Service Club to learn more about this home warranty provider.
Liberty Home Guard (LHG) excels as a home warranty provider for luxury homes because of its three comprehensive plans with plenty of optional add-ons. This makes it easy for homeowners to cover every major appliance and home system in their luxury homes.
But for the best coverage, homeowners can choose the Total Home Guard Plan to combine most home systems and appliances, then add on the extras they need. But no matter which plan you choose, the service fee will be $75, which is lower than average.
From a consumer standpoint, LHG is ranked well. It holds an excellent A rating on the Better Business Bureau and a 3.9/5 star rating with TrustPilot. LHG offers its plans in 46 U.S. states; if you live in Washington D.C., IL, WI, WA, and WY, you’ll have to look
Liberty Home Guard has three home warranty plans and optional coverage:
Get a free home warranty quote from Liberty Home Guard by completing this form or calling 866-451-2281.
For more information, read our Liberty Home Guard home warranty review.
A home warranty is a service contract that helps cover repair and replacement costs on major home systems and appliances, such as your AC unit, furnace, refrigerator, dishwasher, etc. And for luxury homes, they’re no different – except you may need to add on optional coverage for extra systems and appliances.
Anyone who owns a luxury home should consider getting a new home warranty policy. While luxury homes are built to last, they’re not indestructible. Things will break down and need repairs – it’s just a matter of time.
And if you’re like most people, you don’t want to spend an extra $5,000 or $10,000 of your hard-earned cash for these repairs. A home warranty policy can help you regulate your expenses, get fast response times for repair and replacement service, and give you peace of mind knowing that you’re covered.
The coverage for luxury homes is the same as any other home. However, luxury homes generally have more coverage since they have additional covered appliances and home systems.
For example, a luxury home may be larger and have 2-3 air conditioning units or two sets of clothes washers and dryers. In that case, home warranties with add-ons are a necessity if you want to cover all items.
Also, luxury homes usually have high-end appliances too. So, a home warranty policy with high coverage caps is beneficial. Some home warranty service providers have a $500 limit per item, while others have a $1,000 limit. If you have high-end appliances, you’ll want to ensure they’re covered.
The average home warranty policy costs between $300 and $500 per year. But, the price will increase if you add coverage for extra items or increase your coverage limits.
Whether you’re moving into your brand new luxury home or have lived in one for a while, the home warranty process is the same. When you have a home warranty policy, you can call your home warranty company when something breaks down and needs to be repaired or replaced.
The home warranty company will send a contractor to assess the damage. If they determine that it’s covered under your policy, they’ll proceed with the repairs or replacement.
Here is the home warranty process step-by-step.
Before making a home warranty claim, you must get a policy first. To get the best coverage for your luxury home, get a home warranty plan from one of the five providers we recommend above.
Remember, home warranties never cover pre-existing conditions.
It’s bound to happen – something in your home will break. When it does, don’t panic. If it failed from normal wear and tear, find contact information for your home warranty company.
Give them a call and tell them what happened. The customer service representative will ask you some questions about the problem and may even try to help you fix it over the phone. If the issue can’t be resolved over the phone, the home warranty company will send a contractor to look at it.
If the contractor determines that your home warranty policy covers the repair or replacement, they’ll go ahead and fix it. You will have to pay a service fee, usually between $60-$125, depending on the home warranty plan, company, and location.
You must know your coverage limits when signing up for a home warranty policy. For example, some home warranty plans will only cover $500 per appliance or system, while others will cover $1,000.
Also, keep in mind that home warranties have coverage caps – the total amount the home warranty company will pay out per year.
Getting a home warranty is a bright idea if you want to protect your home and budget against the high cost of repairs. It’s imperative if your home has high-end appliances or systems that would be expensive to fix.
Most home warranty companies will cover high-end appliances if you purchase a policy with high coverage limits. But, it’s essential to check with the provider to see their definition of a “high-end” appliance.
There are home warranties for luxury homes, but they work the same as any other home warranty policy. But you may need to add on optional coverage for extra systems and appliances.
A home warranty typically covers repairs and replacements on major home systems and appliances, such as your AC unit, furnace, HVAC ductwork, garage door openers, refrigerator, dishwasher, clothes dryer, clothes washer, etc.
A service fee is a charge you pay to the home warranty company whenever they send a contractor to your home for a repair or replacement. This fee is generally between $50 and $100 but varies depending on the plan and the home warranty company.
A luxury home warranty is a great way to protect your budget against the high cost of repairs and replacements on major home systems and appliances.
When shopping for a policy, compare coverage limits, service fees, cancellation fees, and customer reviews to find the best fit for your needs. And, don’t forget to read the fine print, so you know what’s covered – and what’s an exclusion.
At House Method, transparency and trust are our most important values for the reader.
To create this rating system, our team spent hours researching over 60 companies, analyzing 2500+ key data points, getting the thoughts and opinions of 1000+ homeowners, and speaking to home warranty company representatives directly. We also dug into the fine print on each company’s service agreement to ensure no detail was left out.
We developed an objective home warranty review and rating methodology to score each home warranty company based on several criteria. We used a five-point scale with a point index ranging from 0.00 to 1.00. The minimum awardable value is 0.0, whereas 1.00 is the maximum. These numeric points are translated into star ratings, using whole star increments between one and five.
Here is a quick breakdown of our five core scoring categories:
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