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Home warranties are convenient arrangements that can protect a buyer from damages to appliances and other items during the first year or so of ownership. The burden of making repairs or receiving a replacement can be taken care of by the warranty company. A home warranty may only cost a few hundred dollars per year with a small service charge for visits, so the warranty is convenient and cost effective. Keep in mind that the specifics of exactly what a home warranty covers can vary, so it is important to stay informed about your particular plan.
|Rank||Home Warranty Company||Best For||Cost||STL Rating|
|1||Select Home Warranty||Overall Service||$299 to $499/year||★★★★★|
|2||Choice Home Warranty||Trusted Contractors||$378 to $450/year||★★★★|
|3||American Home Shield||Most Popular||$29.99 to $39.99/month||★★★★|
|4||HomeServe USA||Options||$4/month (minimum)||★★★|
Newer model televisions can have lots of features and technology integrated into them, which is expensive to fix. Large screen televisions are also a serious investment because of the price. A warranty is a great option to keep a television working without additional costs and arrangements. A television is either going to be covered under the home warranty, or an additional upgrade can be purchased to cover a television and certain other items.
Because each warranty has different terms, it is a good idea to ask about each individual item in your home. Also, items that are exterior fixtures and remain outdoors are almost never included in the home warranty. Companies that issue warranties also have the option to decline to make a specific repair or replacement in many cases if the type of damage seems suspicious or the item was already broken before the home was purchased.
With home warranty providers like Choice Home Warranty, you never pay for covered home repairs. Fixtures within the home such as water heaters, air conditioners, ducts, furnaces, ventilation, and other means of maintaining the temperature of a house are almost always covered. Plumbing equipment and issues within the home also receive coverage with most warranties. Kitchen appliances such as dishwashers and ovens are often included in the warranty. Read our Choice Home Warranty review here.
However, be careful when dealing with refrigerators, laundry machines, and systems to control lighting or sprinklers that may be parts outside the home. These can possibly be covered, but are not under many warranties. Read our reviews of the best home warranty companies — like our HomeServe review — to find the out how you can get your appliances covered, too.
At the end of the day, it is important to learn about what will be covered under your specific warranty and any local regulations regarding these purchases. A real estate professional or the warranty company can give more specifics related to your home and location.