The Best Home Warranty Plans for Appliances of 2020
Home warranties cover appliances, providing you with some financial assistance in the event these appliances and systems break down. You’ll still need home insurance if you want to protect your house from fire, natural disasters, and the like, but when it comes to what’s inside your house, a home warranty can potentially save you a lot of money.
Let’s take a look at some of the best home warranty companies for appliances.
I Already Have Home Insurance, Do I Need a Home Warranty?
A lot of people don’t know the difference between a home warranty and home insurance, and really, can you blame them?
Though it can seem a bit confusing at face value, the difference is pretty straightforward: a home insurance plan will cover damage to your house caused by fires or natural disasters, or help you replace your belongings if you’re the victim of a robbery. A home warranty on the other hand, will cover the appliances and systems in your home, such as your A/C system, refrigerator, or hot water heater, if they stop working. Basically you pay a monthly fee and if things go kaput, you pay a deductible and the company will send a professional to perform the repairs. Think of it—in a sense—like purchasing an extended warranty on the appliances and systems in your home. Hopefully you never have to use it, but if you do, it could really come in handy.
What Types of Appliances Can I Cover with a Home Warranty?
Though plans vary, with most home warranties you can cover appliances such as your washer and dryer, refrigerator, oven, and dishwasher. Some appliances such as your water heater, A/C, or heater may require upgrading to a more expensive plan.
You may find a number of stipulations with your plan however. Many companies won’t cover repairs on an appliance that has already been repaired in the past, or appliances that you keep outside, such as a refrigerator that is kept in the garage. If the appliance was used for commercial uses, such as a heavy-duty stovetop or industrial freezer, the company might not provide coverage.
And like with many health insurance plans, the warranty may not cover items that have “pre-existing conditions,” i.e., things that were already on the fritz before you signed up for the plan.
And it’s worth repeating—this isn’t a home insurance plan, so it won’t help you if a fire guts the house or a burglar cleans you out.
Ok, I’m Listening, but is a Home Warranty Plan a Good Idea?
If you go with a reliable, trustworthy home warranty company with a record of quality service, then potentially such a plan can save you a lot of money.
You need to first consider how much money you have invested in your appliances and if it makes sense to invest in a home warranty plan, which can easily cost anywhere between $300 to $600 per year. And this is without the $60 service fee that you’ll pay if ever you need to order professional help.
First things first, look at what the company’s warranty covers. If it doesn’t cover your more expensive to repair items—like the A/C system—then it might not pay off for you. Look at the company’s reputation with customers and do the math to see if it makes sense for you. After all, $300-$600 isn’t much money, but if you plan on using home warranties for the next 5 to 10 years or more, this can really add up.
What Do I Do If I Need To Use My Home Warranty?
So, something has broken or is not working like the manufacturer intended. First check if you can fix it yourself, or at the very least make an effort to fix it that won’t actually make it worse. If this fails to solve your problem, then you’ll need to contact your home warranty company.
Go on the company’s website to file a service claim, and if it’s not possible to use the website, call the company directly. Describe the problem and the appliance in question in detail, and then schedule a time for the repair person’s visit. You’ll need to present at the time of the visit, and also will have to pay a service fee of $60.
The Top 5 Home Warranty Companies for Appliances
- Call center open 24/7
- High reported levels of satisfaction with customer service
- No home inspection needed before signing up for plan
- Washer, dryer, and refrigerator are only covered on total plan
- Will not cover anything found to be a preexisting condition
Choice Home Warranty can provide you with coverage for your appliances that won’t have you looking for coverage to repair your wallet. For just $33 per month you can get on the basic plan, and the total plan is only $40 per month.
Now, you won’t get any coverage for commercial-level equipment, but with the basic plan you can cover a wide-range of home appliances and by upgrading to the total plan, you can add coverage of your air conditioner, refrigerator, washer and dryer.
In addition, customer service representatives for Choice Home Warranty are available 24/7 to field service requests.
- Call center is open 24/7
- 2 months free when you sign up
- A new contractor “work order dispatch system” pledges faster service to customers
- Online chat for customer service
- Previously repaired items are not covered
- For the first 3 months your coverage may be limited by the company
Not every home is the same and the coverage you need might not be one size fits all. With Select Home Warranty you can select from 3 different levels of service—Gold, Bronze, and Platinum.
With the bronze system you can get coverage for the appliances and systems that most people have, though with gold you get a lot more coverage—including for your heating system, water heater, plumbing, and more. Upgrading to Platinum only adds in the garage door opener, plumbing stoppage, and ceiling fans, so the higher price point might not be worth it, even though repairing a garage door can be pricey.
All the terms are laid out crystal clear on the Select company website and if you need any help or would like to file a claim you can reach the customer service 24/7 by phone or online form.
- One month free when you sign up
- Pre-screened professionals to provide repairs
- 24/7 support
- No fee to transfer a home warranty
- Website doesn’t have comprehensive information
- No huge gain in upgrading to Platinum plan
There is a wide range of affordable plans available on Total Home Protection, with 3 separate payment plans—Gold, Platinum, and Optional. Even just the entry plan can cover most home appliances, but you’d need to upgrade to the Optional plan in order to get coverage for your A/C or heater.
You can transfer your home warranty for free and also receive a free month when you sign up. Total Home Warranty also provides you with a helpful customer service live chat for any questions you may have.
And while you may be in the dark with some other companies, Total Home Protection does actually give you some information about the individual contractors you can use.
- No home inspection required beforehand for new customers
- Very wide range of systems covered
- A wide range of customization available
- Low premiums
- Extended wait times have been reported
Customization is a big part of the package at American Home Shield, which allows you to purchase a home warranty plan that is centered on protecting appliances.
The “Appliances” plan provides coverage of 10 appliances, including refrigerators, washers, dryers, ovens, cooktops, and more. It won’t cover the more complicated house systems like A/C, plumbing, water heaters, electrical systems, and more. You can also go with a combo plan to includes appliances and systems, or a build your own plan, where you get to pick for yourself which items to cover.
In other words, the company provides a wide range of options to allow you to customize your home warranty coverage, whether you only want to safeguard your appliances or not.
The system can also provide you service from a network of more than 11,000 independent contractors nationwide, and you can file a service request 24/7.
- Cheap, flexible plans
- Can be used for rental properties
- 24/7 customer service
- Typically won’t be allowed to use your own contractor
- Coverage requests honored only 30 or 60 days after start of plan
Liberty Home Guard is all about options and flexibility and if you’re looking for a home warranty plan just for appliances, then this might be just the ticket for you.
The “Appliance Guard” plan covers major appliances like your washer and dryer as well as the refrigerator, microwave, and garage door opener. With the “Systems Guard” plan you’ll get coverage for systems like the A/C and the duct work, but not for the appliances. You can also opt for the “Total Home Guard” plan which combines the two.
The company also provides 24/7 customer service and prices that can be less than $1 per day.
Looking to Purchase a Home Warranty for Appliances? It Just Got Easier
A home warranty can be a reasonable expense that can really bail you out of a major expense. If you’ve been considering signing up for a home warranty, take a look at some of these industry leaders, do your research, and in no time you should be able to find the right plan for your wallet.