Home warranties can be a safety net—or an unnecessary expense—depending on your situation. So, are the best home warranty companies really worth the investment? Let’s explore the pros and cons to help you decide.
Pros of Home Warranties
Financial Protection: Covers repairs and replacements of major systems and appliances.
Peace of Mind: Reduces the stress of unexpected breakdowns.
Budget-Friendly: Plans typically range from $35–$60/month, which is cheaper than most major repairs.
Convenient Repairs: One call connects you to a pre-screened contractor.
Cons of Home Warranties
Coverage Limits: Not all issues or parts are covered.
Service Fees: You still pay per service call, usually $75–$125.
Claim Denials: Some users report claims being denied for “pre-existing” conditions or improper maintenance.
When It’s Worth It
You have aging appliances or systems
You’re new to homeownership
You prefer predictable monthly costs over surprise repairs
When It Might Not Be
Your home and appliances are brand new and under manufacturer warranties
You have a strong emergency savings fund
You prefer hiring your own contractors
Conclusion
The best home warranty companies offer real value—but only if their plans match your home’s needs. Carefully read each plan’s terms, and don’t hesitate to ask for sample contracts before signing up.