Before we begin, you must understand that home warranty insurance and homeowner’s insurance aren’t the same. A warranty is merely a service contract between you and the insurer to cover home repairs and replacements for basic appliances and systems. Home warranty companies only cover damages to your appliances and systems, but you will still be liable to damages that have been caused on account of misconduct. Homeowners insurance provides complete cover for damages, replacements, and even personal liability on account of any damages. Here are a few tips to help you get the best home warranty ins plans quotes online.
One of the foremost factors to consider includes the Better Business Bureau (BBB) rating and accreditation. The BBB certification implies that the company adheres to the business standards set forth by the governing authority. So, ensure you compare home warranty ins plans quotes among those companies that have an A+ accreditation and have been providing insurance services for quite some time.
Check State regulations for warranties
There is no one uniform regulatory authority as home warranty companies in all 50 states are governed by their respective state laws. For example, not all states require the insurance provider to register their services with the Commissioner of Insurance. Note that State regulations impact the quality of warranty provided by the companies.
Be aware of coverage rules
Home warranty provides a limited cover for select home appliances and systems. So, you must double check to confirm that the plan you choose covers mostly everything. There is absolutely no point in paying a premium for vendors who cannot provide substantial cover for damages and replacements. Also verify and understand the claims process after you choose a plan. Quicker the claims and reimbursement disbursal, better will be the insurance company.
Calculate cost of home warranty
It all ultimately comes down to how much you are willing to spend. You will be able to set a budget only after narrowing down the number of appliances and systems that you want to include in the warranty cover. Several factors constitute the cost of the insurance plan apart from the premium and deductibles.
Here are some of the popular home warranty insurance plans and quotes you can get online
- American Residential Warranty
Best overall service provider for home warranty
- AFC Home Club
Brings you the flexible plans
- American Home Shield
Gives you better coverage options
- Amazon Home Warranty
Top BBB-accredited service provider