If you are a home buyer, you must be aware of the term home warranty. For those who are unfamiliar, it is a huge investment for your home and will give you peace of mind while protecting your systems and appliances. However, the trick is to choose the right type of warranty for your needs, as it can make a huge difference in your coverage and satisfaction. Do not buy the first home warranty plan you come across. Here are a few tips to help you choose the best home warranty plan.

1. Compare options

Before you choose a home warranty plan, it is essential to consider all the options available in the market. You need to look at factors like the coverage, the reliability of the warranty provider, and the exclusions. Remember to choose a comprehensive warranty plan as it will offer protection for most of your home’s systems, including the electrical system, and will also cover most appliances like the washing machine and a refrigerator. You can check out the article for warranty on electrical work here before you make a decision.

One thing to keep in mind is that the best home warranties offer a satisfactory service as well as a hassle-free claim process. You must also review the terms and conditions of the plan to get an idea of the limitations or exclusions. There are some plans which will only cover a few components or could come with a maximum reimbursement limit. Hence, compare the plans and choose one that meets your needs so that there are no surprises at a later stage. Check the track record as well as the reputation of the company before making a decision. It is important to choose a reputable provider that has an excellent history of customer service and processes claims quickly.

2. Assess your needs

Understanding and assessing the needs of your home is important in determining the coverage required. You need to consider the age and condition of your home. If it is an older home, it will need a more comprehensive plan since it is more prone to wear and tear. But if it is a new home, or you have just upgraded the appliances and systems, you will require less extensive coverage. Remember to take an inventory of the systems and appliances in your home. Look at factors like their brand, maintenance history, or age. It will help you choose the right coverage as per your requirements and will also allow you to compare the different plans efficiently. Also, consider your risk tolerance and financial situation while selecting the warranty. If you want to avoid the high cost of repairs, opt for a comprehensive plan.

3. Cost of the plan

The cost plays a crucial role in the type of home warranty plan you choose. You will have to compare different plans and then see if it fits your budget. The higher the coverage, the higher will be the cost of the plan. Most plans range between $300 to $600 a year, and if it is a more comprehensive plan, it will have a higher premium. The amount you pay for the warranty should provide an adequate level of coverage, and it should be within your budget. You must also understand the deductible or the service call fee for the same. These fees can range between $60 to $100, but some plans also come with a lower service call fee, and if you think you would have multiple repairs required throughout the year, it makes sense to look for a plan with lower service fees.

4. Customisation options

You can find some home warranty providers who also offer customization options on your plan. It will allow you to add or remove some coverage based on your needs. It provides additional flexibility and gives you a chance to prioritize the appliances and systems that are important to your household or remove the ones that you do not need. You must be aware of the limitations that come with plan customizations, like a limitation on the reimbursement amount or a lower payout. Go through the terms and conditions of the plan to understand how customization works so that you have a plan that doesn’t come with any hidden drawbacks. Customization can help achieve an ideal balance between the cost and the coverage.

When choosing the best home warranty plan, you need to first assess your needs, compare the plans and then check the reputation of the warranty provider. If you keep these factors in mind and understand the associated costs, you will be able to make an informed decision and invest in a plan that protects your systems and also brings peace of mind. Do not rush this decision, and take your time when comparing different plans.


Northern girl Laura is the epitome of a true entrepreneur. Laura’s spirit for adventure and passion for people blaze through House of Coco. She founded House of Coco in 2014 and has grown it in to an internationally recognised brand whilst having a lot of fun along the way. Travel is in her DNA and she is a true visionary and a global citizen.

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