Table of Content
So, if your dishwasher has a minor leak, future issues stemming from this leak are not covered. Some plans also have additional deductibles for lower-tier plans. In these cases, you may have to pay a larger portion to have the rest of it covered.
This fee covers the time your contractor spends investigating the issue and figuring out how to fix it. In addition to the type of home you have, the square footage of your home can affect warranty pricing and availability. Depending on where you live, your cost could also include state or local taxes.
ShieldPlatinum™
You can have all the appliances covered, all the systems, or a combination. So, warranting the building can make the repair costs easier to handle. Putting single units under warranty can complicate the repair and coverage process. American Home Shield offers home warranty plans that help you budget for expensive repairs due to breakdowns in your home from normal wear and tear. You can rely on more than 50 years of experience to back the home warranty coverage this provider offers.
The final factor to consider when deciding whether a home warranty is worth it is to simply calculate the cost of a home warranty, and the repair or replacement cost of your home appliances. You can make your decision based on the amount of money you are willing to spend. It is important to find a company that works with quality technicians, and is diligent when it comes to customer support. Some companies offer regional services with a strong technician network that may work out better for your location. Others have a nationwide presence that requires them to develop a high responsive claims management system.
How is Home Warranty Cost Determined?
If your covered item is beyond repair, then American Home Shield will replace the unit when possible or suggest other solutions if replacement isn’t within the limits of your warranty contract. American Home Shield has been providing home warranties since 1971 and states they have paid out over $2 billion in claims in the last five years alone, with nearly 1.7 million customers serviced. Home warranties, like those from American Home Shield, can offer peace of mind when it comes to unexpected home repairs. To see our top picks for home warranty companies, click below to read our guide. Not only is American Home Shield the oldest and most established company on our list, it offers the most comprehensive and flexible coverage.
Policyholders can also purchase additional coverage for septic pumps, well pumps, and both inground and above-ground pools. Once customers have selected which policy they want to purchase, they will have the option to buy add-on coverage at an additional cost. In some cases, coverage included in higher-tier policies can be purchased separately and added to lower-tier plans. Most notably, while roof-leak protection is a standard inclusion with the ShieldPlatinum plan, ShieldSilver and ShieldGold policyholders can purchase this coverage as an add-on.
States Covered
The company also offers air filter discounts starting at $5.77 each as well as discounted heat or AC tune-ups for $75. ShieldPlatinum customers get one heat or AC tune-up included. As one of the top home warranty companies, American Home Shield offers three comprehensive plans to fit your home’s needs and budget. The evaporator coil on Christopher’s A/C was leaking, which caused the unit to stop cooling. American Home Shield fully covered this malfunction by replacing the coil. Because Christopher was a ShieldPlatinum™ member, we also recharged his A/C with refrigerant at no additional cost.
As we’ve seen, in most respects American Home Shield offers standard home warranty plans at slightly below-average prices. When it comes to customer satisfaction scores, the company is also about average for the home warranty sector. American Home Shield does offer state-specific plans for real estate professionals. The company estimates that its plans are included in more than 300,000 real estate transactions per year.
External warranties are based on external risk pooling because the companies that accept the liability are third parties, the first two parties being the consumer and the manufacturer. Sometimes, you receive money toward a replacement if something cannot be repaired, but the installation and setup are your responsibility. Once you get the new part or appliance installed, you need to start a new contract to cover it because the old one is null and void. For example, plumbing clogs and stoppages are usually separate items from general plumbing. A clog will not be covered if you do not have plumbing stoppages in your plan. If a low monthly rate is your primary concern, you may find there are other home warranty plans that fit your needs better.
AHS does appear to have a slightly higher number of complaints than some of the other home warranty companies. When you compare the number of customers they have served with the number of complaints they have received, however, this does not appear out of line for a home warranty company. American Home Shield is worth the cost for many homeowners. Forbes Home adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
Further, AHS allows customers to choose their own contractors and service fee amounts. The cost of home warranties from 2-10 is $19.99 to $49.99 a month. They offer plans for those selling a house, which is a guarantee for the buyer, and plans for the new homeowner. They offer basic plans covering appliances and more detailed plans covering major systems and appliances. They have service fees or deductibles on most of their plans.
Generally, you can upgrade to a better plan offering coverage for these areas, or there may be a few you can add for an additional cost. Not every company offers add-ons, so find out what may be eligible for coverage in your area. The cost of a modular home warranty is $500 to $1,500 for a 10-year structural warranty. Modular home warranties are different from standard home warranties. A modular home can have the same warranty types as any single-family home.
Trade service call fees start at $75 which lets you pay less per service call. The $125 per call fee will lower your monthly payment on your home warranty plan. The deductibles are paid for trade service call fees every time a contractor is sent to the home, regardless of whether the issue reported is deemed covered or non-covered. Depending on the warranty you choose, there may also be coverage limits or caps that could affect your total out of pocket costs for repairs. Although discount opportunities are very limited, American Home Shield’s monthly rates and technician fees are pretty reasonable for a home warranty. If customers decide later on that they don’t need the protection of a home warranty, they can always cancel their policy and receive at least a partial refund.
AHS won’t reimburse you for services conducted prior to the company’s approval. Yes, American Home Shield has a 30-day waiting period, which is the length of time a customer is required to wait before submitting a claim. Lauren is an accomplished freelance writer who covers a variety of topics, including home improvement, sustainability and more.
AHS says that they will respond to most claims within 48 hours. AHS provides plenty of information on the type and extent of damage their policies cover. Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over 35 years of diverse financial management experience. He is an expert on personal finance, corporate finance and real estate and has assisted thousands of clients in meeting their financial goals over his career. We have gathered all the info about claiming warranties from many companies, such as IGS, IBEX, Choice, Select, Elevate, Fidelity, or Total Protect. Once you submit the required information, we will generate an appeal letter and address it to the provider.
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