Expensive systems and appliances in Tampa homes, from new properties in Lutz to restored bungalows in Hyde Park, will eventually need repairs. A home warranty can provide financial protection against unexpected losses. Before you buy, make sure you know what’s covered, what’s excluded and how to file a claim. ConsumerAffairs researched the best home warranty in Tampa.
Home warranties are enticing to buyers when you’re selling your home, and they can also protect your rental property if you’re an investor. Older homes like those in Ybor and Seminole Heights have the potential for a lot of repairs, and a warranty can help keep costs down.
In Tampa, the average cost of a warranty is $309 per year, which is well below the national average of $828. Typically, a warranty on your Tampa property will cover the following:
Basic warranty plan
Heating and cooling systems, such as the replacement of a furnace or an air conditioning repair
Plumbing and electrical systems
Appliances such as washers, dryers, refrigerators and dishwashers
Extended warranty plan
Swimming pools and hot tubs
Garage doors and garage door openers
Tampa temperatures stay high, and not only in the summer. Extreme heat and rain cause problems for your property. Roof leaks may cause water damage and mold, and your air conditioning unit works overtime.
Homeowners insurance is typically a requirement for Tampa homes, according to the Florida Office of Insurance Regulation, especially if it has a mortgage. A home warranty can benefit you even if your property is insured. For example, while insurance should cover the damage that a leaking water heater does to your floors, the policy may not cover the replacement of that water heater. Depending on your plan, the home warranty may cover the cost of your new hot water heater.
Most warranty plans are offered by home sellers. However, if you’re buying a new home without one, you can still purchase a home warranty in Tampa on your own. This is an especially good idea if you don’t have a lot of cash saved up to pay for unexpected issues. You can buy a warranty at any time, even if you have already closed on the property or you’ve been living in it for months or even years.
The cost of a home warranty in Tampa
Most warranty plans will have a monthly fee. If something breaks and you file a claim, you’ll pay a service charge to have a technician come out and diagnose the problem. The warranty company has a network of approved vendors and contractors. You probably won’t have any control over who does the work.
Before you buy a home warranty, read the contract carefully so you know what’s covered and what isn’t. You also want to understand all the costs and the timeframe. Finally, read customer reviews so you know what to expect in terms of service.
American Home Shield has provided home warranty plans to Tampa homeowners for over 45 years. Buying a plan is simple. Your home won’t need an inspection or past maintenance records. AHS offers an Appliance Plan, a Systems Plan and a plan that covers both components with a network of over 14,000 contractors.
With appliance and system plans starting at less than $1 per day, Liberty Home Guard offers flexible plans that let you tailor coverage to fit your home needs. Customer support is open 24/7 and Liberty says that empathy and integrity are core company values.
Total Home Protection offers residents in Tampa two plans with optional coverage for extra systems like pools and additional A/C units. Claim are fielded online or over the phone 24/7. Pre-screened contractors are sent for the cost of the deductible. Plans starting as low as $1 per day make THP a popular choice for those on a budget looking for basic coverage.
Select Home Warranty is an award-winning warranty company providing free quotes to Tampa sellers and investors needing a home warranty plan. They’ve been in business since 2012, and the company is growing quickly. Select Home Warranty is known for its vast network of vendors and contractors and for its service call fees being lower than average.
Choice Home Warranty is popular with Tampa homeowners for its two pricing plans and customized coverage. Current customers praise Choice Home Warranty for their fast and professional responses to claims. The company works with licensed vendors and provides clear information on what’s covered and what isn’t in its two service plans.