As a consumer, when shopping for a home warranty plan or any similar services, it is important to be aware of the potential biases and limitations of comparison websites when shopping for a home warranty company. Unfortunately, these sites are often controlled and manipulated by bad home warranty companies, which can lead to misleading or skewed ratings and rankings.
For example, on topcomparizone.com, Choice Home Warranty, The Home Service Club and Select Home Warranty are listed as the top-rated companies, but in reality, they have a poor reputation and are not accredited by the Better Business Bureau (BBB). These companies have also been involved in numerous lawsuits and have thousands of negative customer reviews.
You can see the same on Consumeraffairs.com, Housemethod.com, and Besthomewarrantyonline.com, which are just a few examples of marketing websites that present biased information as they are pay to play and are profit driven. These sites may prioritize companies that pay the most for marketing purposes, even if they have a poor track record or numerous customer complaints.
In contrast, there are companies like Elite Home Warranty and American Residential Warranty that are BBB accredited with an A+ rating and 5-star customer reviews, but may not be listed on these comparison websites. This could indicate that the information on these sites is biased and cannot be fully trusted.
It is important for consumers to do their own research and not solely rely on comparison websites when choosing a home warranty company. Instead, it is highly recommended to check the BBB for verified consumer ratings and complaints and to make sure there are no alerts for the company in question. This will help ensure that you are making an informed decision and choosing a reputable home warranty company that will provide the protection you need for your home.
In conclusion, it is best to stay far away from comparison websites when shopping for a home warranty company. These sites are often profit-driven marketing platforms that will list any company that pays the most, regardless of their reputation or track record. To make an informed decision, it is important to do your own research and refer to trusted sources like the BBB.
Home Warranties: A Necessary Expense Or An Unnecessary Luxury?
Whether you own a house or rent one, you will inevitably have to deal with the inconvenience of having to make repairs at some point – and it especially will be a pain in the neck for those who are not quite skilled in that sector. Extreme weather conditions like heat waves or blizzards can cause your home appliances to fail, faucets can spring leaks, and HVAC systems can become inoperable. Some individuals choose to invest in home warranties to take care of these issues for themselves instead of exhausting their resources to pay for them.
However, the confusion that still prevails among the masses is whether a home warranty is suitable for homeowners or renters. This article will shed light on whether or not you should get a home warranty, if you need one, how they are useful along with our recommended best home warranty company to get your home warranty at the best price.
What Does It Mean To Have A Home Warranty?
A home warranty is a service contract that may be renewed annually and provides coverage for the cost of repairing or replacing certain home equipment and systems at a reduced rate. Contract periods might vary, and the coverage you get is determined based on your chosen warranty. There is a significant distinction between a home warranty and homeowners insurance coverage, and it is vital to understand the difference.
Policyholders who have homeowner’s insurance are safeguarded against losses to their personal belongings and the structure of their homes in the event of calamities such as burglaries or fires.
Home warranties are an add-on to homeowner’s insurance policies. Depending on the amount of protection you buy, most home warranty policies will normally cover almost all of the primary components of your house such as your heating and cooling systems, water heaters, plumbing, and electrical systems. Some plans include coverage for major home appliances like dishwashers, clothes washers, dryers, and refrigerators. Depending on how much you want to spend on a home warranty, you may also have the opportunity to get supplemental coverage for things such as your spa, second refrigerator, swimming pool, pumps, and septic systems.
How Does One Make Use Of A Home Warranty?
Home warranties are often sold via contracts for a charge that is either paid monthly or yearly. You are provided with a flat rate for each service call as well as yearly coverage limitations for any repairs within the parameters of the contract. The service costs as well as the coverage limitations might vary from business to business.
In the event that a component of your home appliance fails, you have the option of submitting your claim immediately online or contacting the customer support team associated with your warranty. They put you in touch with an authorized service provider who will first evaluate the issue and then fix it.
Is Having Home Insurance The Same Thing As Having a Home Warranty?
There are a lot of things that are essential for you to understand, regardless of whether this is your first house or if you just bought another house. If you consider both home warranties and home insurance, the key distinction that will be found between both will be that home warranties are insurance policies that pay for the maintenance, repair, and restoration of certain home systems in the event of unanticipated breakdowns due to the defects in the material or workmanship, normal wear and tear, or other covered causes; on the contrary, home insurance is a contract that safeguards your financial well-being in the case of an unforeseen disaster, such as a hurricane, fire accidents, or any accident on your property that results in physical harm. The legislation does not mandate that homeowners are obligated to get home insurance. Even though it is not required to get a mortgage or keep the current one, all homeowners should set money aside for insurance to stay out of financial crises at the time of disaster.
How To Research Companies That Offer Home Warranties?
Investing a small part of your time online learning about the organization providing the warranty you are thinking about will likely save you a lot of time and headaches.
In the event that it has a poor track record you do not need to bother reading the warranty. Verify the information on the Better Business Bureau and then go to a web browser and key in “complain about the home warranty company you are interested in working with”.
Every business that has a significant number of clients will undoubtedly annoy some of their clients. Don’t dismiss the possibility of one just because there are a few complaints about it. However, pay attention if the tenor of the conversation is consistently negative.
Lastly, don’t forget to ask around among your family, friends, and co-workers as well as your neighbors. Asking around in your social circle can give you peace of mind because you will have honest reviews from them along with all the necessary details.
Our Recommendation: Elite Home Warranty
A home warranty business like Elite Home Warranty is unlike any other home warranty company. They are here to assist, in contrast to the numerous home warranty companies who are just interested in collecting your fee and avoiding paying out claims. Their pioneers spent years observing how owners consistently come out on the losing end of financial transactions. Service agreements such as this are purchased by customers because they want and need to be financially covered. Elite Home Warranty is BBB accredited with an A+ rating and 5-star customer reviews, it is one of the few firms that will really have your best interest at heart.
Their plans come with a wide range of inclusions instead of exclusions and additional benefits like advanced customization. Every single thing that they do is geared at making your life simpler and easier. There are several reasons why you should put your faith in them ranging from their online claims procedure which is available around the clock and across the world to their specialized plans, which include Elite electronics and Elite Service Line. Get in touch with them as soon as possible and they will begin the process of drafting your service agreement instantly.
Elite Home Warranty values honesty and openness above anything else. They try their best to give out as much information as possible about themselves to avoid any misunderstandings in the future. Their service agreements are all available online in simple language for anybody to read and comprehend it.
You don’t have to go through a lot of trouble to obtain a sample agreement or to employ a lawyer to help you decipher the legalese. Selecting the right plan for your needs is a breeze, and they are always available, and ready to guide you, 24/7.
According to them, the core values, that they strive to uphold in our relationships with each of our customers are:
“At Elite Home Warranty, we provide more than just peace of mind. Obtain absolute transparency and a clear, customized plan with coverage that meets your needs. We deliver the ultimate service that exceeds your expectations.”
What Sets Elite Home Warranty Apart From The Competition?
Extensive exclusions, refused claims, and incomprehensible legal jargon are all hallmarks of the home warranty industry’s bad reputation. Elite in comparison provides comprehensive coverage at an affordable price in addition to straightforward claims procedure individualized service and transparent terms and conditions. Although they are unable to address every possible scenario, they do try to do their best. The number of claims they can approve is limited, however, they try their best to approve as many as possible and their intent is not to just take your payment and disappear but to listen to your concerns, answer your questions and connect you with reliable professionals and generally set your mind at rest. This way you can pursue your passions as they watch after your house and your property to keep you safe from any potential damages in the future.
Should I Consider Purchasing A Home Warranty?
The purchase of a home warranty is not required, in contrast to the purchase of homeowners Insurance when purchasing a new home. Nevertheless, regardless of whether you are buying a brand new house or one that has been previously owned, it is essential to think about whether or not it will be advantageous to obtain a home warranty in the long term. For example, if your home inspection indicates that some of your house’s appliances and systems are getting close to the end of their lifetime, purchasing a home warranty might assist lower any future costs associated with repairing or replacing those items.
A Checklist For Choosing The Right Home Warranty
It is natural to prioritize keeping costs low as a top priority while shopping for a home warranty. The total cost of a home warranty may be over $600 a year if the deductible and service call costs are included to verify that the disadvantages exceed the advantages for your specific case.
Depending on whatever warranty provider you choose with you may or may not be able to purchase optional coverage. Make sure the company provides a plan that safeguards a majority of your valuables. Supplemental policies can be produced to fill gaps in primary policies and if the coverage offered by an individual policy is excessive compared to what is really required, the premiums will be too high.
Finding a reliable home warranty is essential to talk to the people you know who may have dealt with your potential provider before to find out what they think of it.
Lastly, look for a company that offers coverage that is fair with minimal restrictions and limitations. Before you sign your home warranty it is essential to make sure that you have a complete understanding of what they are offering you and how much financial security you are getting.