fbpx

Best Home Warranties For Seniors in 2019

Home warranties are integral for homeowners to have, and although there are many companies that offer them, finding the right fit in terms of coverage and pricing can be a daunting task for seniors to undertake. Home warranties get the attention of seniors so that they can secure protection for various repairs and replacements within the home including appliances, and some policies offer coverage for pools and spas – two items that seniors enjoy having for therapeutic and physical activity reasons. 

 

Typical home warranties work by charging a monthly or annual plan price, and then every time there’s work needing to be done, a service call a flat-rate fee is issued. Home warranty companies do all of the leg work for seniors by finding quality contractors and technicians, and booking appointments for you – saving you the hassle and not having to pay beyond the service call in most situations. 

 

We did considerable research into the highest-rated home warranty companies and their plans offered for 2019 for seniors, and our findings and information are featured below.

 

  • First American Home Warranty – An excellent option for seniors who are looking for complete and maximum coverage at well-priced rates. 

  • Old Republic Home Protection – Old Republic is a 40-year old company that has evolved into a top home warranty business which offers coverage options for homes that have unique features, and smaller items that are not usually covered by most companies.

  • Choice Home Warranty – With their comprehensive coverage options, Choice Home Warranty is a top company, along with their highly responsive customer service, and their policies come with low annual rates.

  • Fidelity National Home Warranty – They have been in the industry for 25 years, have an A+ rating with the Better Business Bureau, and provide consistent service at fair prices.

  • Home Warranty of America – Seniors who are seeking out a home warranty for unique or secondary home appliances and systems, can find a good fit for coverage via this company’s flexible options. 

  • Sears Home Warranty – Sears is known to seniors for its brand name and has three home warranty packages available that span in excess of 20 types of home systems and appliances.

  • Landmark Home Warranty – Landmark has good coverage available but are limited as they only deal with homes in states including Arizona, Idaho, Nevada, Oregon, Texas, and Utah.

  • OneGuard Home Warranties – Seniors who live in Arizona, Texas, or Nevada qualify for OneGuard’s unique coverage plans and warranties, and they all come in at fair rates.

  • Select Home Warranty – Seniors who are value seekers and want some flexibility to accommodate their unique needs will find plans from Select Home Warranty appealing. 

  • TotalProtect Home Warranty – TotalProtect is well established in the industry, and have unique coverage plans available at prices that catch the attention of seniors.

How We Selected Our List of Top Home Warranty Providers

If you are a senior or acting on behalf of one who’s in the market to purchase some home warranty coverage, then you came to the right website. Our trusted experts did extensive research into quality policies, fees and pricing, customer service, ease-of-use, overall value, and other key elements. We are saving you the home warranty research time so you can spend it doing more enjoyable things with your life. 

 

There’s no fluff here, only the good stuff including facts and information for the top 10 home warranty company options that will appeal to you most as a senior. 

 

16 Warranties Examined

3 Experts Consulted

10 Warranty Companies Selected

14 Hours of Research

1. First American Home Warranty

Ease of Use

Excellent

Equipment

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

 

Have been a market leader in the home warranty business for more than 30 years, and First American Home Warranty is a Better Business Bureau accredited company with a four-star TrustPilot score. Coverage offered spans various home systems, appliances, and extended coverage for pools and spas is also available. Almost half a million customers call this company their home warranty provider, and aside from their good value coverage – their customer service is excellent and available 24 hours a day, 7 days a week, and 365 days per year. Lower than average service call fees are common with First American, and the comprehensive coverage comes in at attractive price points on a one-year contract.

Pros

    • Below average service call fees

    • Repairs are available all-year-round, even on national holidays 

    • Complete coverage that you can depend on

    • Been in the industry for 30+ years

    • Coverage for larger items such as pools and spas is available

Cons

 

    • Will not cover pre-existing conditions or issues, or any cosmetic damage

    • Will not cover any damages done due to improper installation or maintenance on insured items

Pricing

Depending on the coverage selected, you can expect to pay anywhere from $300 to $500 per year from First American. Coverage varies from contract to contract, but in comparison to other home warranty companies – their spending limits are higher than the average company offers. Quotes can be obtained for their services online, contracts are 12 months in length, and costs fluctuate depending on what area of the country you reside in. 

The Bottom Line

 

If you go with a Basic coverage plan you can expect to only get protection on your appliances including refrigerators and ranges, but their Premier coverage goes above and beyond and includes primary systems within the home including HVAC, plumbing, and electrical. If you get their Premier coverage then you can add on additional protections for additional fees such as pools, spas, and well pumps. Senior’s need to count on the companies they deal with, and thanks to the strong customer service offered by First American, they respond quickly for repairs that are needed by getting someone out to your home to fix what’s needed in a timely manner and handled in a quality way, plus their rates are fair to get you good bang for your buck.

2. Old Republic Home Protection

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

 

Old Republic has a solid track record in business with more than 40 years, and as a result, are one of the biggest home warranty companies in the country. They provide seniors with complete coverage, and they take care of claims by taking and processing them at all hours of the day. Coverage includes the majority of appliances and systems, and have additional options available for protection such as pools, spas, trash compactors, ceiling fans, roof leaks, and other small products within the home.

Pros

    • Their coverage is flexible and adaptable for unique items including ornamental fountains and saltwater equipment

    • Configurable plans can be done for increased coverage

    • Their customer service department is open 24/7, and so is their claims department to be ready when something goes wrong in their client’s homes

Cons

 

    • Canceling contracts can prove to be challenging

    • There’s a waiting period that lasts 30-days before coverage begins

    • Caps are lower than the average provider – $250 for appliances and $1,000 for systems

    • The company has its own closed contractor network in place, and customers have to work within those limitations

Pricing

Contracts run for at least 13 months for customers, and annual rates come in at $295 to $500 depending on the coverage selected. Their pricing takes into account various elements such as the home’s age, location, size, and current condition. They offer quotes online or if you call into their customer support line they will be happy to help you out, and an accurate quote can be had using either of these two methods. There are fees that have to be paid to opt-out of a signed contract early, and Old Republic can be frustrating to deal with to honor this request. 

The Bottom Line

 

Old Republic has three different home warranty plans available to purchase and term them Standard, Platinum, and Ultimate. Their Standard coverage takes care of main home systems and most home appliances. Going up to a Platinum or Ultimate plan allows customers to gain more protection beyond what Standard offers, plus plans can be configured for unique needs. Seniors will like their outdoor implement coverage for items including septic systems, fountains, and pools. Other issues that can be addressed are roofing leaks and sump pump issues – which most home warranty companies won’t touch with their policies. Those who want flexibility in what they can have covered, and who are looking for monetary value should take a close look at Old Republic for their home warranty needs. 

3. Choice Home Warranty

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

 

Choice Home Warranty is a relatively new company in the home warranty industry as they have only been operational since 2008. Their homeowner plans include two different categories – Basic and Total, and each plan is very detailed with different coverage inclusions and exclusions. A big plus if you are a senior who has an older home with older items in it, is they don’t do pre-inspections before issuing policies. In fact, as long as each item is functional and maintained at the time of purchase, then the company will cover them regardless of how old they are.

Pros

    • The age of appliances and systems doesn’t matter

    • They don’t do home inspections

    • Cash for the replacement of items is available

    • Their customer service is always open for business

    • Their payouts aren’t capped on an annual basis 

Cons

 

    • Their basic plan is very limiting by not covering HVAC, refrigerators, washers, or dryers

    • While there is no maximum payout capping annually, the coverage amount on items is capped at $500-1500 per service, so customers may have to pay some money out of pocket for more costly repairs

Pricing

Plans on the low-end are $370 per year, and each service requires a $60 payment. Getting out of a contract can be done within 30 days of the contract starting, but does cost $50 as a penalty fee for opting out. We break down the plans at a high-level below. 

 

  • Basic plan – Coverage takes care of some appliances including built-in microwaves, whirlpool tubs, cooktop stoves, and some others. Home systems such as heating, plumbing, and electrical are taken care of. 

  • Total plan – Everything in the Basic plan is included in the Total plan, then goes beyond with air conditioning systems, refrigerators, washers, and dryers. Configurations can be done to protect roof leaks, central vacuums, standalone freezers, pools, spas, septic systems, and well and sump pumps. 

 

The Bottom Line

 

The standout aspects of Choice Home Warranty are that home inspections aren’t necessary, and as long as all appliances and systems are working and are maintained at the time of the contract signing, then that’s what they care about ahead of age which isn’t a factor in their approval decision. The ability to configure contracts as needed and their favorable pricing will appeal to many seniors who want home warranty coverage. Whether you want to deal with customer support and claims online or on the phone, you can be conveniently accommodated 24/7 going either route.

4. Fidelity National Home Warranty

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

 

Fidelity is a well-known company that’s based in the state of California and has been in the home warranty industry for more than 25 years. Seniors respect Fidelity as they often recognize the name, and perhaps have some friends or family who do or has enjoyed their services provided. The company has a well put together automated tracking system so that seniors can easily keep tabs on their submitted and processed claims, repair schedules, and other current and past activity. 

 

Fidelity offers the ability to configure the basic policy at additional costs, allowing customers to gain protection for appliances and home systems that other competitors don’t provide the means to do. The company may reject a claim though if they discover that improper use of an item had taken place, or if it wasn’t well maintained.

Pros

    • The ability to add specialty items to a plan is possible 

    • Have an automated tracking system to manage activity

    • More coverage than other competitors with fewer restrictions

    • Price structure adapts according to each customer’s unique needs 

Cons

 

    • Contracts can’t be canceled by customers

    • The basic package is limited in coverage and add-ons are likely necessary 

    • If a claim is denied, the customer still must pay a request fee

Pricing

Premium averages for Fidelity’s home warranty coverage starts at $350 per year, but additional costs will be required to gain protection for appliances such as washers, dryers, and refrigerators, and items including air conditioning units, roof leaks, pools, or spas will need to be added into a policy. These add-ons can add up quickly, so seniors should be aware of this fact, and carefully select what they need coverage for. 

 

Claims that are of the standard variety cost $65, and as previously mentioned, this cost needs to be paid whether or not Fidelity approves the request. The pricing structure is flexible, so building a custom plan can be beneficial for seniors to take advantage of, and to fit into their annual budget.  

The Bottom Line

 

The company has an A+ rating with the Better Business Bureau, and seniors like to deal with brand names they recognize and Fidelity often fits that bill for many of them. Plans can be built according to what a home has in it, whereas many plans from other companies include coverage that seniors may not even have in their homes. The coverage that can be gained for standard and specialty items comes in at a good price overall. 

5. Home Warranty of America

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

 

Home Warranty of America has been in the business of appliances and systems coverage for homeowners for more than 20 years. The company calls Lincolnshire, Illinois home, and have two different 13-month warranty plans available – they insure 30+ items such as smoke detectors, ductwork, doorbells, hot water dispensers, and other products that some other home warranty providers won’t touch with their policies. They also allow customers to gain coverage for their secondary appliances within the home, and pools and spas can be protected as well. Seniors who have sizeable homes that have a wide variety of appliances and systems should take a close look at Home Warranty of America. The Better Business Bureau rates them a B, and they hold a membership with the National Home Service Contract Association.

Pros

    • Claims are processed every hour of the day and every day of the week

    • They have a contractor network in place but are open to customer input for other contractors that they may prefer instead 

    • Their contracts aren’t written in stone and there’s flexibility with canceling them 

    • An option named GreenPlus is available for replacements, and these products have an energy-Star rating 

    • Their Premier Plus plan can be configured with add-on options available 

Cons

 

    • Their price points are on the higher end of the scale in comparison to competitors

    • Product maintenance coverage is not available

    • Coverage begins after 30 days have elapsed from the contract’s start date 

Pricing

Home Warranty of America has two plans available for purchase, the Premier Plan and the Premier Plus Plan. The pricing is higher than most other providers as their coverage goes beyond most by covering more than 30 items that usually can’t be protected. The Premier Plan costs in the ballpark of $580 on an annual basis, and the Premier Plus Plan averages just under $700. Pricing fluctuates depending on where you live, any coverage that isn’t included in a standard plan can be added – the GreenPlus option is $75 per year, for example. Service charges depend on the plan chosen, and $60-$100 is the range you can expect to pay. A small fee applies, but Home Warranty of America doesn’t lock you into a contract so you can cancel any time you want. 

The Bottom Line

 

The ability to get excellent comprehensive coverage, to hold the right to cancel any time, and claim processing within 24 hours makes Home Warranty of America a quality option for seniors to explore. The ability to work with contractors that you are familiar with and the coverage of secondary appliances and even saltwater equipment are two nice aspects of this company as well. The GreenPlus option allows your home to get a high-efficiency product should one of your covered products break down, and this new product may save you some money on electricity bills – further adding value to your home and wallet. For seniors who want deeper coverage than the average home warranty provider offers, then be sure to short-list this company.

6. Sears Home Warranty

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

 

Sears Home Warranty provides a workmanship guarantee to set customer’s minds at ease every time a service claim is made, and it’s a much-appreciated bonus. There are three warranty plans available for senior’s needs – they are outlined below.

  1. Appliance Warranty Plan – Up to 20 home appliances can be covered on this plan – common options include refrigerators, ranges, washers, and dryers. If Sears can’t fix an appliance, then they will replace it with a comparable product

  2. Systems Warranty Plan – Coverage for major systems is supported within this plan – electrical, plumbing, heating and cooling, and other common systems are included. Add-ons such as pools and spas can be added at additional costs 

  3. Whole House Warranty Plan – Combines both of the above plans to offer complete coverage for appliances and systems 

 

Sears also provides a Shop Your Way discount plan, and two heating and cooling checks annually for problem and issue prevention.

Pros

    • Customer support and claims services are 24/7 accessible 

    • All work done comes with a 180-day guarantee 

    • The caps are very impressive – $10,000 per claim and $50,000 annually

    • Two heating and cooling maintenance checks are complimentary and conducted annually

Cons

 

    • Plans come in at higher price points versus the average home warranty providers

    • Their experience in the home warranty industry is lacking in comparison to the majority of their competitors

Pricing

The Appliance Warranty Plan comes in at $50 per month, and service calls cost $75 per visit to customers. The company replaces appliances that can’t be successfully repaired – assuming they were maintained and installed properly, and no extra charge is required for the replacements. The Systems Warranty Plan is billed at $60 per month, and each service call has a $100 fee per visit. The system’s coverage won’t cover appliances that are in need of repairs, but policyholders who don’t have appliances coverage are offered a 25% discount towards related services and repairs.  Both warranty plans can be purchased together for $70 per month and a $100 service fee applies each visit – making this the best value plan they offer, but still more than the average home warranty company. The coverage caps are key though as $10,000 per claim and $50,000 annually are much higher than most others in operation, and should you need major work done – especially to your home systems, then their plans are well worth the premium pricing. 

The Bottom Line

 

Seniors who want a workmanship guarantee for six months, and want the comfort of high caps on claims and annual allowances, then Sears Home Warranty may fit well to address your needs. It’s advised to go with the Whole Home Warranty Plan to pay a bit more per month to get full-home coverage and increased peace of mind, especially for those who have older appliances and systems. The two free heating and cooling system checks are nice to take advantage of on an annual basis, and if your appliances and systems are older, Sears doesn’t mind and will happily cover them. The Shop Your Way benefits allow policyholders to get discounts at Sears, Kmart, and other program participating retailers.

7. Landmark Home Warranty

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

 

Landmark Home Warranty has been a player in the industry for over 15-years, and hold an A- rating from the Better Business Bureau. They have been annually nominated for the “Best Regional Company” awards since 2012, and as a regional company their home warranty reach is limited in scope – catering to customers in Arizona, Idaho, Nevado, Oregon, Texas, and Utah. 

 

Their unique aspect is that they provide a pest control program within each of their plans, so seniors who have pest issues will find Landmark an intriguing option instead of finding another company solely for pest control coverage. Their customer service provides timely communication and help, their professional contractors are licensed, and their plans are very affordable from an industry perspective. 

Pros

    • Claims can be made any time, with no initial waiting period enforced

    • Home inspections aren’t required, showing they trust their customers 

    • Maintenance records aren’t required for service requests

    • Pest control services come standard in all plans 

Cons

 

    • Only homeowners based in six states can benefit from their home warranties

Pricing

Landmark has two kinds of policies available – their Home Systems Plan and Total Protection Plan, we flesh out both below. 

 

  1. Home Systems Plan – Takes care of various major systems including heating, cooling, plumbing, peak leaks, and water heaters. This plan averages $35 per month. 

  2. Total Protection Plan – Addresses major appliances including central vacuums, refrigerators, dishwashers, and others, and systems are covered as well. This plan has a monthly average cost of $55. 

 

Coverage can be configured for both plans by adding on other items at additional costs. Repair deductibles vary depending on the item that needs to be repaired – the range is $60-$100 per service.  

The Bottom Line

 

Seniors who own homes that are older and have older appliances and systems will like that Landmark doesn’t require inspections or maintenance records to be provided. Pest control is written into every policy, they work with reputable local contractors, and their pricing is affordable for seniors – even those who are working on limited budgets. Coverage starts on day one of the contract, their customer service is highly regarded, and those who live in one of the six states that Landmark services should consider this company for their home warranty needs.

8. OneGuard Home Warranties

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

 

OneGuard Home Warranties is an Arizona situated company that has been actively competing in the industry for almost 30 years. They provide home warranties and service plans to customers in just three states – Arizona, Nevada, and Texas, so that’s their focus. They are well received with the Better Business Bureau with an A+ rating, have a portfolio of premium services at fair price points, and their plans can be configured for items not included in their standard packages. Their plans have been designed to accommodate appliances, systems, or both of these two together. Some additional items that can be added to a plan include carpet cleaning, window cleaning, system maintenance, re-keying, home security systems and monitoring services, and pest control. 

Pros

    • The waiting period is short at just 10 days

    • Offers unique service coverage such as window cleaning, pest control, and home security so that really differentiates them from other providers 

    • Inspections aren’t required to get an approved policy

    • System maintenance is provided for policyholders

    • Their service line is available 24/7/365

Cons

 

    • They require maintenance record or inspection record documentation when making claims

    • Their coverage is limited with just Arizona, Nevada, and Texas customers qualifying to purchase their policies

    • They have a closed contractor network

    • No guarantee that customers are contacted within a certain time frame by contractors, so service work may take a few days to get started

Pricing

Their Systems Plan and Appliance Plan each range in price between $379 to $399 per year for the standard services provided. The Combo Plan averages $699 annually – includes appliances and systems, plus refrigerators, washers, and dryers which aren’t covered in the Appliance Plan. The Systems Plan and Appliance Plan can both be configured to suit each senior’s unique needs for their homes. Service calls will typically cost customers $69 per visit. 

The Bottom Line

 

OneGuard has a solid relationship with their customers in relation to their competitors, their unique add-ons are a big plus, their cancellation policy is relatively lax, and although their network of contractors is closed – it’s well balanced and reliable for every type of service needed. If you are based in one of the states that OneGuard covers for home warranties, then certainly keep them in the mix to become your provider. 

9. Select Home Warranty

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

 

Select Home Warranty is a relatively new player in the home warranty industry, and as such, potentially have a modest B rating from the Better Business Bureau. Their plans are well balanced to serve a wide range of customer needs and fit well into all types of budgets. They have three levels of coverage available including Bronze, Gold, and Platinum Care – we briefly outline each below. 

 

  1. Bronze Plan – Protects basic appliances within the home

  2. Gold Plan – Covers major systems inside the home such as heating, cooling, and electrical

  3. Platinum Plan – Takes care of both appliances and systems, making this plan ideal for seniors who are looking for a complete warranty solution

 

Items for coverage can also be purchased a-la-carte to add into the standard packages – swimming pools, spas, lawn sprinkler systems, roof leaks, and others are available to be protected. 

Pros

    • A home inspection isn’t required to get approved 

    • Repair amounts aren’t capped on service calls or annually which is a big plus 

    • Age doesn’t matter when it comes to gaining coverage for appliances and systems

    • Claims service is available 24/7

Cons

 

    • There is a 30-day waiting period in effect 

    • When claims are made, they require maintenance records to be submitted to them before the green light can be given 

Pricing

For homeowners who are on tight budgets, Select Home Warranty offers a lot of value when it comes to deal equity – their packages start at a mere $27 per month and increase accordingly in relation to coverage offered. Service fees are also low as well and begin at $45. If you enjoy a good deal then you will appreciate the fact that they have promotions and discounts available on occasion – free service for a few months has been offered in the past, free roof coverage for new customers, and $200 discounts on plan pricing has also been tabled. 

The Bottom Line

 

Select Home Warranty can be characterized as offering excellent coverage value, providing add-on flexibility, and a company who’s looking to shake up the conservative home warranty industry a little bit. Pre-inspections aren’t necessary, but they do want to see previous maintenance records if you need an appliance or home system repaired or replaced. As long as your appliances and systems work properly when your policy is taken out, then they aren’t concerned about product age, brand, or model.

10. TotalProtect Home Warranty

Ease of Use

Excellent

Service & Response

Excellent

Features & Tech

Excellent

Pricing

Excellent

 

TotalProtect Home Warranty has been providing coverage to customers for a good number of years now, and currently holds a B rating from the Better Business Bureau. Their brand is known for having a solid reputation, have a good amount of coverage available to purchase, and their pricing is very market competitive. They break up their plans to cover appliances, major systems, or a combination of the two of these, so most seniors can find what they need from a home warranty provider.

 

Their complete plan also comes with a variety of perks to add to the value provided – homeowner’s insurance discounts, rust and corrosion protection, and swimming pool and spa coverage are included amongst the benefits. TotalProtect is available to customers across the country except for the state of Hawaii which isn’t supported. A good aspect of their coverage is that they have a limit up to $10,000, which is well above average from a cap perspective. Seniors who want a home warranty provider that they can trust, and seek to gain comprehensive coverage, then TotalProtect should be highly regarded.

Pros

    • When a policy is purchased, no inspections are required before approval 

    • Annual aggregate caps don’t exist

    • Service work is guaranteed for 180 days

    • Customer service is readily available 24/7/365

Cons

 

    • Their service provider network is closed, so no outside contractors can be used

    • They have some vague exclusions in their policies, so the documents should be closely reviewed and questions should be asked for any clarifications needed

Pricing

They have three plans that they sell to customers – we provide overview details about each of them below. 

 

  1. The Silver Appliance Plan – Expect to pay $31.95 per month for this coverage which takes care of common household appliances

  2. The Gold Systems Plan – You’re looking at a cost of $40.95 per month for systems coverage which protects major items including heating, cooling, electrical, and plumbing. 

  3. The Platinum Combo Plan – This coverage for appliances and systems rings in at $54.95 on a monthly basis, and some additional perks are offered such as homeowner insurance discounts, as an example for one of them.  

 

Optional coverage for extensions can also be added, and those are priced between $36 to $240 depending on what’s needed. Service call pricing is a tad on the higher end of the spectrum at $100 to $125 per repair needed. 

The Bottom Line

 

TotalProtect Home Warranty is an ideal provider for seniors who are on a budget but still want coverage out of concern of having to pay out of pocket for appliances and systems repairs. For those who own an older home that contains quickly aging appliances and systems will like that TotalProtect doesn’t penalize policyholders who fit this description. They have built a solid reputation over the years, their network of technicians is controlled by them but all are vetted, skilled and experienced, and their claims services department is always open for business. The only thing to be wary of is their exclusions, so be sure to understand them well and how they may affect your coverage value.

What is a Home Warranty?

A home warranty provides protection and assurance should common home appliances, major systems, or specialty items that are insured break down and need repairs or replacement. Home warranties give homeowners peace of mind – should something need to be repaired they aren’t responsible for covering most or all of the costs out of pocket. 

 

How a home warranty works is a policyholder calls into their provider’s customer service when something that they have coverage for needs to be fixed. The company then assures that the item qualifies under the policy, and if it does, then a technician within their contractor network visits the customer’s home to assess the situation and move forward in an appropriate manner. 

 

Policyholders pay a fixed price for the coverage – commonly either monthly or annually and also pay a fee for each service call and repair request that they make and have honored by the provider. Most home warranty companies put a cap on how much they will pay out per repair or replacement, and annually as well, and policyholders have to pay money out of pocket on the difference once a cap has been reached. 

Why are Home Warranties a Good Investment for Seniors?

For the majority of seniors, their home is not only where they spend the majority of their time but also their largest investment, and keeping it in a good state is a mandate. Keeping appliances and systems in good working order is challenging for seniors though for numerous reasons, and home warranties offer a good level of assurance to easily maintain their home’s assets when issues pop up. 

 

The life expectancy on the majority of home appliances and major systems is around ten years or so – having a home warranty plan in place brings peace of mind, and can save considerable amounts of money if costly repairs or replacements are needed. Seniors typically have their money budgeted out on a monthly or annual basis, and so the investment into a home warranty helps to keep costs as fixed as possible should something go wrong and need to be dealt with. 

What Are the Associated Costs of Home Warranties?

The costs of home warranties vary widely depending on the specific provider, and other factors can include the condition and location of the home, how old appliances and home’s systems are, what add-ons are needed if plans can be configured, and if a home needs to be inspected before a policy will be issued then other elements may factor into the cost structure as well. 

 

Policies that offer a basic coverage plan can start as low as $30 to $50 per month, more complete protection with both appliances and major systems being included can run in the range of $50 to $75 on a monthly basis. Add-ons is where the price can really jump in a hurry when coverage is sought out for items such as swimming pools, spas, wells, sprinkler systems, sump pumps, and other unique elements that homeowners want to be insured. Some “specialty items” can be packaged together in a plan, while others are individually priced out.

Scroll to Top