A home warranty can pay for the repair or replacement of home systems and appliances when they break down as a result of malfunction, or normal wear and tear.
It can be a lifesaver when faced with stressful and expensive home repairs — or add to your frustrations if you find out it excludes the appliances or systems that need repair just when they break down.
Here’s is a list compiled from Money.com of the best home warranty companies to help you find the right protection plan for your home.
Money’s Best Home Warranty Companies of August 2022
- Select Home Warranty: Best for Roof Coverage
- American Home Shield: Best for HVAC
- Liberty Home Guard: Most Optional Add-Ons
- First American Home Warranty: Best Appliance Plan
- AFC Home Club: Best Premiums
- Cinch Home Services: Best Systems Plan
- 2-10 Home Buyers Warranty: Best Enhanced Coverage
- American Residential Warranty: Best for Low Service Fee
How We Chose the Best Home Warranty Company of 2022
Our methodology focused on four key factors: transparency in services offered, claims processing, cost and quality of customer service.
We considered criteria such as contract terms, the types of malfunctions or failures covered, payout limits, cost-efficiency and service fees.
We compared companies offerings and coverage caps to determine which companies offered the best value and which covered the most systems and appliances. In addition, quotes were requested whenever prices weren’t openly disclosed on companies’ websites using New York and California addresses and to assess the application process.
We also checked every company’s standing with the Better Business Bureau (BBB), including their accreditation (or lack thereof), rating and reviews. In our list, we only included companies who, if they were registered with the BBB, had a rating of B or higher.
Note that BBB ratings take into account factors such as number of complaints, time in business, transparent business practices, licensing and any government actions against a business to determine how a particular business is “likely to interact with its customers.” A business can receive a rating from A+ to F.
Full Article https://money.com/best-home-warranties/#guide
Source : Money.com