A home warranty can cover expensive repairs to appliances and systems, giving your wallet an added layer of protection. Our partners at ConsumerAffairs researched the best home warranties in Waco to ease the stress and cost of unexpected breakdowns.
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Owning a home is an exciting experience, but not when unexpected repair costs accrue. If you’re not handy with tools or are a first-time homebuyer, purchasing a home warranty can protect you from the hassle of vetting repairmen and the expense of repairs. With the variety of seasons in Waco, having your appliances in top-notch condition is a must.
Home warranty coverage in Waco
A home warranty is similar to a homeowners insurance policy in that you pay an annual premium that covers certain mishaps. Unlike homeowners insurance, which covers the physical structure of your house, a home warranty provides repair and maintenance for major systems and appliances when they break.
Not usually covered
Issues resulting from improper maintenance
Restoration to damaged surfaces
When a covered system breaks, call your home warranty company. A repairman in your area contracted by the company will inspect the problem for a trade service fee or deductible (usually under $100). If certain conditions are met (as per your contract), the home warranty company will replace your appliance or pay for repairs, sometimes up to a certain limit.
To truly understand what your warranty covers, read the fine print. Companies decline claims if issues don’t meet their criteria. The most common example of denied claims is for improper maintenance. It’s hard to agree on what is considered proper maintenance for an appliance and that disagreement may lead to denial and customer dissatisfaction.
How much does a home warranty in Waco cost?
Depending on the level of coverage, most home warranties cost between $300 and $500 annually for a basic package. This cost is paid upfront for an entire year. Keep in mind that each service call will likely result in a fee of $50-$100.
While the annual cost may seem low, it does not include service trade fees or deductibles. Many times, the amount that a home warranty will cover does not offset the entire cost. For example, many warranties cap HVAC costs at $1,500 per contract, but the average cost of replacing this system is roughly $5,000. That would leave homeowners with a $3,500 out-of-pocket bill.
In this situation, a homeowner can cash out the amount that the home warranty will cover and use it to hire their own contractor. But usually you will get a discount using the warranty company because of their partnerships with service companies. For appliances, which can be bought on sale or from third-party sites, it may be worth shopping around.
Your realtor may put in your sales contract that the seller will pay for a year’s home warranty. Some real estate agents may even gift buyers a home warranty at closing. In general, a home warranty is not always needed with a newly-built home, which typically comes with its own warranty.
Depending on the home and your personal preference, the added cost of home warranties can be worth it—especially if you hate scheduling service appointments and would rather fix problems with one call.
With three plan options, plus a Build Your Own Plan, American Home Shield has a warranty for every home and budget. AHS has 45 years of experience and a vast network of more than 15,000 qualified service technicians throughout the nation. In five years, AHS has paid out more than $2 billion in service requests to its 1.7 million customers.
Choice Home Warranty has been offering comprehensive protection and top-notch service since 2008. All customers are assigned a specific team of representatives who take care of their claims every time, rather than a random transfer to a large service department. Reviewers state that the online repair scheduling and customer service is excellent, which is reflected in their great ratings.
With appliance and system plans starting at less than $1 per day, Liberty Home Guard offers flexible plans that let you tailor coverage to fit your home needs. Customer support is open 24/7 and Liberty says that empathy and integrity are core company values.
Total Home Protection
With a 24/7 claims hotline, Total Home Protection keeps you covered at all times. Authorized technicians are pre-screened, licensed and insured—taking the frustration out of finding a trusted repair person. You can build your own protection level and get a free quote so you know exactly what’s covered at what price.
With tiered pricing options, AFC Home Club makes it easy to see what is and is not covered under its three plans. Choose one that fits your home’s needs and buy extra coverage to protect additional appliances and systems. There’s no deductible, only a $60 service fee. Plans include restaurant gift cards and a retail savings program for cash back at 5,000 retailers.
Named best in service for 2017 and 2018, Select Home Warranty is a trusted name in the industry. Select Home Warranty offers three simple, straightforward plan and payment options plus 24/7 claim center access to keep you covered. Unlike some companies, Select Home Warranty also has quick replacement payments and affordable service deductibles.
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Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.