Most insurance companies these days have addons or riders to home policies that work like home warranties.

For example, State Farm has a rider that will cover my HVAC and permanently installed appliances ($500 deductible) for $25/yr. It covers repairs and replacement.

There is another rider that is $15/yr that covers all utilities that leave the house to the point where the utilities own them. So underground sewer, water, electricity, gas, ETC. where the homeowner is responsible to the connection point, insurance covers with no deductible.

With these options now days, I don't see any point in home warranties.

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Posted by Baers Foot

Louisiana Ragin' Cajuns

Member since Dec 2011

3551 posts

Posted on 8/16/19 at 4:12 pm to notsince98

quote:
For example, State Farm has a rider that will cover my HVAC and permanently installed appliances ($500 deductible) for $25/yr. It covers repairs and replacement.

There is another rider that is $15/yr that covers all utilities that leave the house to the point where the utilities own them. So underground sewer, water, electricity, gas, ETC. where the homeowner is responsible to the connection point, insurance covers with no deductible.

With these options now days, I don't see any point in home warranties.

Agreed with all the points above. While $300/year is 10x better than home warranty company policies totaling up to $1,200/year, keep in mind insurance companies usually have contracts with third-party homeowners equipment breakdown insurance providers, that you have to file a claim through.

It's usually the same hassle as warranty companies in that they have a lengthy process of sending someone out to see damages and deem the claim as able to be covered, then also scheduling and sending their own contractors to replace/repair.

So the headache of the process is still there, but definitely way cheaper.

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