- Offers four comprehensive plans plus optional add-ons
- Has more than 45 years of experience in the home warranty industry
- Customers have access to a network or more than 15,000 contractors and can request service 24 hours a day
While most home warranty companies are reputable and do right by their customers, providing comprehensive coverage at affordable prices, there are some that take advantage of unknowing consumers. Learn how to avoid the worst home warranty companies on the market and how to find the best home warranty for your major systems and appliances.
Here are several home warranty companies that have scammed customers and are no longer in business:
In general, if a home warranty company has any of the following traits, it may not be the best option for you and your home:
To avoid a home warranty company that scams their customers, follow these tips:
A home warranty can provide peace of mind and protect you from paying for unexpected and expensive repairs on home appliances and systems. Not only can a home warranty save you money on home repairs and replacements, it takes away the hassle of finding a trusted service contractor to complete the repairs for you.
Buying a home warranty may be a smart purchase for those on fixed incomes, those who don’t have home repairs factored into their monthly budget, landlords who own rental properties, first-time home buyers, or home sellers who can transfer their pre-existing warranty to a potential buyer.
When searching for a home warranty company, consider these factors:
You may also want to keep these helpful questions in mind before you purchase a home warranty:
Now that you know how to avoid a home warranty scam, consider several of the best home warranty companies available below.
A home warranty plan covers appliances like washers, dryers, refrigerators, and garage door openers, and home systems like your air conditioning, heating, water heater, HVAC system, plumbing, and electrical.
On average, a home warranty costs around $300 to $600 per year, with basic coverage falling on the low end of that spectrum. In addition to paying a premium, customers will also have to pay a service call fee any time they file a claim. Most service call fees cost between $75–$125.
7 Best Home Warranty Companies of 2020
Looking for the best home warranty? Our team at House Method reviewed the top home warranty companies in the industry so you can choose the right plan for your home.
American Home Shield vs. Choice Home Warranty
American Home Shield and Choice Home Warranty are two of the most well-known and consumer friendly home warranty companies. Read our comparison to find out what differentiates them.
What Is a Home Warranty?
A home warranty is a service contract that covers the cost to repair or replace certain appliances and systems. Find out how much money you can save every year with a home warranty as well as how to choose the right home protection plan for you.