Home Insurance for Appliances, or a home appliance warranty, can come in handy if you’re a first-time homeowner. The policy can help you save on repair or replacement costs of aging appliances. Home appliance insurance comes with some costs. Appliances are expensive to repair and replace, averaging around $200 for repairs and between $300 and $2,500 for a complete replacement, depending on the type of appliance. Not only is this expensive, but since most homeowners use their appliances daily, they see a lot of wear and tear that contributes to issues and damage over time. That’s where having a home appliance insurance plan or home warranty comes in handy.
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Important things to consider when choosing a home warranty plan
Choosing the right home warranty plan is like picking the perfect insurance plan for your appliances. By carefully considering these factors, you can choose a home warranty plan that provides the protection you need for your appliances and your budget. Here’s a breakdown of the key factors you should consider:
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Coverage: This is the heart of the home warranty. It outlines exactly what appliances and systems are covered in case of breakdowns due to normal wear and tear. Typically, plans cover major appliances like refrigerators, ovens, dishwashers, washing machines, and water heaters. Some plans might extend coverage to plumbing, electrical, or even air conditioning systems. Make sure the plan covers the appliances that are most important to you and your daily routine.
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Price: Home warranty plans come in various tiers of coverage, and the price reflects that. Generally, more comprehensive plans with a wider range of covered appliances will cost more annually. Consider your budget and what coverage you truly need to find the right balance.
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Deductible: Think of this as your copay for appliance repairs. The deductible is the amount you’ll have to pay out of pocket before the home warranty company steps in and covers the remaining repair or replacement costs. Lower deductibles mean you’ll pay less upfront, but the plan itself might be more expensive.
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Service Area: Not all home warranty companies operate nationwide. Before committing to a plan, make sure the company offers service in your area. You don’t want to discover after a breakdown that the company doesn’t have a network of technicians who can service your location.
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Customer Service Reputation: Research the company’s reputation for customer service. Read reviews and see how they handle claims and repairs. A home warranty should give you peace of mind, so a company known for excellent customer service is a big plus.
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Peace of Mind for Your Wallet: Top 10 Home Appliance Insurance Picks of 2024
Worrying about the cost of appliance repairs can put a damper on even the sunniest day. Here’s where home insurance for appliances, also known as home warranties, comes in to save the day (and your wallet). We’ll explore the top providers in the USA for 2024, helping you find the perfect plan to keep your home’s heart (your appliances) beating strong all year long.
1. Liberty Home Guard
- State Availability: All 50 states
- Number of Plans: 3 (Appliance Guard, Appliance Guard Plus, Total Home Protection)
- Service Fee: $75-$100
- Owner Name: Pal American Insurance
- Location: Des Moines, Iowa
Liberty Home Guard consistently tops the charts for customer satisfaction in the home warranty industry. They offer three tiers of coverage to fit your needs, from basic appliance protection to comprehensive coverage that includes plumbing and electrical systems. With a network of qualified technicians across the nation, Liberty Home Guard boasts fast response times and a hassle-free claims process.
Plus, you get to choose your service fee amount, allowing you to strike a balance between affordability and minimizing out-of-pocket costs. Whether you’re a homeowner with a growing family or a renter seeking peace of mind for your appliances, Liberty Home Guard is a strong contender for your home warranty needs.
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2. American Home Shield (AHS)
- State Availability: All 50 states
- Number of Plans: 3 (ShieldSilver, ShieldGold, ShieldPlatinum)
- Service Fee: $100
- Owner: The Stagwell Group
- Location: Memphis, Tennessee
American Home Shield (AHS) is a powerhouse in the home warranty industry, boasting a long history of protecting appliances and home systems. They offer three plans with varying coverage levels. ShieldSilver focuses on essential systems like heating and air conditioning, plumbing, and electrical. ShieldGold adds coverage for laundry and kitchen appliances, while ShieldPlatinum provides the most comprehensive protection, including roof leak repair, unlimited AC refrigerant, and even a free annual HVAC tune-up.
AHS stands out for its web portal that allows you to easily manage your plan, request service, and track repairs. While their service fee is slightly higher than some competitors, AHS’s established reputation, an extensive network of technicians, and focus on customer satisfaction make them a top choice for homeowners seeking reliable home warranty coverage.
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3. AFC Home Club
- State Availability: Varied – Check service area
- Number of Plans: 3 (Essential, Preferred, Premier)
- Service Fee: $75-$125 (depending on the chosen plan)
- Owner Name: Not publicly available
- Location: Marietta, Georgia
AFC Home Club stands out for its unique approach to home warranty coverage. They offer three plan levels with varying degrees of protection for appliances and systems in your home. What truly sets them apart is the flexibility to choose your own qualified repair technician. This allows you to leverage a trusted local contractor or find someone with specific expertise for your appliance issue.
They boast a customer-centric approach with dedicated representatives and a “white glove” service experience. However, keep in mind that AFC Home Club’s availability varies by state, so be sure to check if they service your area before getting hooked on the personalized touch.
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4. The Home Service Club
- State Availability: 49 States (Excluding Alaska)
- Number of Plans: 2 (Standard Coverage, Comprehensive Coverage)
- Service Fee: Varies by location
- Owner Name: HSC Warranty Corporation
- Location: Oakbrook Terrace, Illinois
The Home Service Club (HSC) stands out for its focus on customization. They offer two core plans, Standard and Comprehensive, with the option to add coverage for specific appliances or systems, like pools, spas, or well water systems. This allows you to tailor your warranty to exactly what you need. HSC boasts competitive pricing and is known for its award-winning service.
However, it’s important to note that service fees can vary by location, so be sure to check the details before signing up. HSC may be a great option for homeowners who want a warranty that can grow with their needs or who have unique features in their homes requiring additional coverage.
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5. Choice Home Warranty
- State Availability: All states except Washington
- Number of Plans: 3 (Basic, Choice, Total Protection)
- Service Fee: $75
- Owner: Porch Group, Inc.
- Location: Moorestown, New Jersey
Choice Home Warranty prides itself on offering budget-friendly home warranty plans. They have three coverage tiers, allowing you to choose the level of protection that best suits your needs and budget. Whether you just want coverage for essential appliances or prefer comprehensive protection that includes plumbing and electrical systems, Choice has you covered.
Their plans come with a standard $75 service fee for each repair request, which helps keep costs predictable. Choice Home Warranty also boasts a user-friendly mobile app for easy claim filing and repair scheduling. With its focus on affordability and convenience, Choice Home Warranty is a solid option for homeowners looking to safeguard their appliances without breaking the bank.
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6. Select Home Warranty
- State Availability: 46 States + District of Columbia (Not available in Nevada, Washington, or Wisconsin)
- Number of Plans: 3 (Bronze Care, Gold Care, Platinum Care)
- Service Fee: $60-$100
- Owner: Xact Technologies
- Location: Clearwater, Florida
Select Home Warranty is a solid option for budget-conscious homeowners seeking protection for their essential appliances and home systems. They offer three plans with varying coverage levels, from basic appliance coverage (refrigerator, dishwasher, etc.) to a comprehensive plan that includes plumbing, electrical, and even pool and spa components (depending on your location). Select Home Warranty stands out for its competitive pricing and focus on customer service.
Their claims process is known for being efficient, and they boast a network of qualified technicians across their service area. While they have a slightly lower claims limit than some competitors, their service fees are typically on the lower end, potentially minimizing out-of-pocket expenses. If you’re looking for a no-frills home warranty that prioritizes affordability and gets the job done, Select Home Warranty is worth considering.
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7. First American Home Warranty
- State Availability: All 50 states
- Number of Plans: 3 (Essential, Preferred, Premier)
- Service Fee: $100
- Owner Name: First American Financial Corporation
- Location: Santa Ana, California
First American Home Warranty stands out for its focus on flexibility and value. Their three plans offer a range of coverage options, from essential appliance protection to comprehensive plans that include pools and spas, making them a good choice for homeowners with diverse needs. Notably, First American boasts unlimited coverage for certain systems on some plans, meaning they’ll cover repairs or replacements regardless of cost, as long as they approve the work.
This can be a major advantage compared to competitors with capped coverage amounts. While the service fee is slightly higher than some other providers, customer reviews praise First American’s network of qualified technicians and their overall customer service experience.
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8. America’s First Choice Home Warranty
- State Availability: 49 states (excluding Alaska)
- Number of Plans: 4 (Basic, Appliance, Comprehensive, and Premier)
- Service Fee: $100
- Owner Name: The America’s First Choice Home Warranty Company
- Location: Jacksonville, Florida
America’s First Choice Home Warranty stands out for its diverse plan options and focus on homeowner needs. Their four plans range from essential appliance coverage to a premier plan that even safeguards against roof leaks. This allows you to choose the perfect fit for your home, whether you prioritize affordability or extensive protection. Beyond its variety, America’s First Choice offers some unique perks. They boast a “Good Hands” program that allows you to use a preferred technician during the repair process, adding a layer of familiarity and comfort.
Additionally, they cover code violations during appliance replacements, ensuring your home stays up to code and avoiding any potential roadblocks. While the $100 service fee is slightly steeper than some competitors, America’s First Choice Home Warranty’s blend of customizable plans, unique features, and focus on customer experience makes them a compelling option for homeowners seeking a reliable and personalized warranty solution.
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9. 2-10 Home Buyers Warranty
- State Availability: All 50 states
- Number of Plans: 2 (Standard, Supreme)
- Service Fee: Varies depending on plan and location
- Owner Name: Frontdoor, Inc.
- Location: Aurora, Colorado
For over 40 years, 2-10 Home Buyers Warranty (2-10 HBW) has been a trusted name in home protection. They offer two main plans: Standard and Supreme. The Standard plan focuses on major appliances and systems, while the Supreme plan adds coverage for additional items like ceiling fans and garbage disposals. 2-10 HBW stands out for its inclusion of structural warranty coverage for new construction in some plans.
This provides peace of mind against major structural defects for a set period. Their network of qualified repair professionals ensures a smooth claims process, and the company boasts a strong reputation for customer service. While service fees can vary depending on location and chosen plan, 2-10 HBW offers a comprehensive warranty solution for homeowners seeking protection for both appliances and major systems in their homes.
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10. Advanced Home Warranty
- State Availability: 48 states (Excluding Alaska and Hawaii)
- Number of Plans: 2 (Basic Plan, Premier Plan)
- Service Fee: $60-$80
- Owner: XactNet Inc.
- Location: Maitland, Florida
Advanced Home Warranty stands out for its budget-conscious approach to home appliance protection. They offer two straightforward plans – Basic and Premier – that cover essential appliances like refrigerators, dishwashers, ovens, and washing machines. While their plans might not be the most comprehensive on the market, they’re a perfect option for homeowners on a tight budget who prioritize essential appliance coverage.
Advanced Home Warranty keeps things simple with a network of pre-approved contractors and a transparent claims process. Their service fees are typically on the lower end, making unexpected repairs a little less stressful on your wallet. If you’re looking for a no-frills home warranty that focuses on core appliance protection at an affordable price, Advanced Home Warranty is worth considering.
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FAQ on Home Appliance Insurance
What is a home warranty (Home Insurance for Appliances) in the USA?
A home warranty (Home Insurance for Appliances) plan protects the appliances and systems in your home: major home appliances, electrical, plumbing, and HVAC systems.
What is a warranty fee?
Summary. Warranty expense is the cost associated with a defective product repair, replacement, or refund. A warranty comes with a warranty period during which the vendor or manufacturer of the good is liable for any defects that may appear during the use of the product.
Is home appliance insurance (warranty) the same as regular home insurance?
No, although the terms sound similar, they cover different things. Regular home insurance protects your home itself from damage due to fire, theft, or other covered events. Home appliance insurance (warranty) protects your appliances in case they break down due to normal wear and tear.
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What’s the difference between a Home Insurance for Appliances and an extended warranty?
Home Insurance for Appliances covers a variety of appliances in your home, while an extended warranty typically applies to just one specific appliance (like the one you buy at the store). Home warranties can be a more cost-effective option if you have multiple appliances.
What are the typical costs of home appliance insurance?
Prices can vary depending on the company, coverage level, and location. However, expect to pay somewhere between $300 and $700 per year.
What’s the deal with deductibles in-home appliance insurance?
Just like with car insurance, home warranty plans often have deductibles. This is the amount you’ll need to pay out of pocket before the warranty company kicks in to cover repairs or replacements.
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Should I get a home warranty for all my appliances? Even new ones?
New appliances typically come with a manufacturer’s warranty, so a home warranty might not be necessary right away. However, as appliances age, breakdowns become more likely. A home warranty can provide peace of mind knowing repairs are covered after the manufacturer’s warranty expires.
Conclusion
Keeping your home’s appliances running smoothly is essential for everyday comfort and convenience. However, unexpected repairs can quickly strain your wallet. Fortunately, home insurance for appliances, also known as home warranty plans, can offer peace of mind by covering repair or replacement costs in case of breakdowns due to normal wear and tear. While not a substitute for traditional home insurance, a home warranty can be a valuable tool in your homeownership toolbox. By carefully considering factors like coverage options, cost, customer service, and your specific needs, you can find the best home warranty plan to protect your appliances and budget in 2024.
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