Home Warranty Companies and How does it work?

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What Is a Home Warranty?

A home warranty is not the same thing as homeowners insurance, nor is it a replacement for homeowners insurance. Homeowners insurance covers major perils such as fires, hail, property crimes and certain types of water damage that could affect the entire structure and/or the homeowner’s personal possessions. A home warranty does not cover these perils. Rather, it covers specific components of the home.

A home warranty is a contract between a homeowner and a home warranty company that provides for discounted repair and replacement service on a home’s major components, such as the furnace, air conditioning, plumbing and electrical system. A home warranty may also cover major appliances such as washers and dryers, refrigerators and swimming pools. Most plans have a basic component that provides all homeowners who purchase a policy with certain coverages. Homeowners can also purchase one or more optional components that provide additional coverage at additional cost.

Home warranty companies have agreements with approved service providers. When something that is covered by a home warranty breaks down, the homeowner calls the home warranty company, and the home warranty company sends one of its service providers to examine the problem. If the provider determines that the needed repair or replacement is covered by the warranty, he completes the work. The homeowner only pays a small service fee, plus the money she has already spent to purchase the warranty.

A home warranty plan takes the unexpected expense out of home repairs. When a covered item breaks, here’s what you do:

Call or request service online

We assign a local repair professional.

For each visit, you pay a small, predetermined service fee ($75 – $125).

Your covered item is repaired or replaced – simple as that.


Featured Warranty Companies


American Home Shield Website
Local Representative
David Specter
888-862-4508
email

HSA Home Warranty Website
Local Representative
Erin Watkins
314-571-0069
email

Home Warranty of America Website
Local Representative
Mary Jo Spurgeon
314-562-5099
email