A home warranty covers the costs to replace or repair household appliances and systems that break down from wear and tear. Our partners at ConsumerAffairs researched the best home warranty in Lexington so you're financially protected from expensive out-of-pocket fixes.
A home warranty in Lexington covers appliances and systems that break down from wear and tear and are no longer supported by a manufacturer’s warranty. It is different from homeowners insurance, which covers loss due to events including fire and theft.
Home warranties in Lexington are most commonly purchased by new homeowners, owners of older homes, rental property owners and realtors. You can buy a home warranty at any point during homeownership.
Companies selling home warranties in Lexington usually offer at least two plans, differing in what appliances and systems are covered. You can also customize a plan to meet your needs and budget.
Commonly covered appliances
Commonly covered systems
Range, stove, oven
Washer and dryer
Home warranty companies also offer add-on coverage for things like pools, spas, septic pumps, well pumps, guest units and even electronics.
Are home warranties worth it?
Whether a home warranty is worth it depends on:
The cost of the plan
How new your household appliances and systems are and how likely they are to break down from wear and tear
The amount of your service call fee (similar to a deductible)
The maximum coverage limit of your plan
Limitations and exclusions of your plan
Those with a home warranty in Lexington may find that a home warranty pays for itself with just one major repair or replacement or a series of smaller ones. Others may decide their appliances and systems are at low risk for problems and are willing to pay 100% out of pocket.
Home much does a home warranty cost in Lexington?
A home warranty in Lexington costs between $300 and $600 pear year. The more inclusive your coverage and/or the lower your service call fee, the higher the cost.
Most home warranty contracts last for one year. You can pay monthly or annually. Home warranty companies may offer savings for paying for a full year’s coverage up front.
What to do when you need repairs
If you have a home warranty and a covered appliance or system breaks down, you can make a claim online or over the phone with your home warranty company. You pay a set service call fee (usually $50 - $125, depending on your contract), and the home warranty company sends a qualified local contractor to diagnose the problem. As long as coverage applies, the home warranty company pays for the repair or replacement.
What to look for when choosing a home warranty company
Before choosing a home warranty company in Lexington, read reviews to learn if customers are satisfied with their plans and service request outcomes.
Make sure your contract is easy to understand, with clear explanations of coverage, exclusions and limitations. Pay attention to the effective date of the warranty, which is not always the purchase date. Find out if you can cancel anytime and if your contract is transferable.
Close to 2 million customers have a home warranty from American Home Shield. This company has plans for systems, appliances or both, or you can build your own plan. Cancel your plan anytime, or transfer it to a new homeowner. Reviewers say American Home Shield, which has paid $2 billion in claims since 2013, is responsive and efficient during service requests.
2-10 Home Buyers Warranty
2-10 HBW has covered over 5.8 million homes in the U.S. Using an online portal, customers can easily manage accounts and get access to service from a network of over 6,000 authorized contractors. The company also sells structural warranties for homes. Customers like 2-10 HBW’s easy claims process and skilled technicians.
Choice Home Warranty offers two home warranty plans, plus optional coverage for pool/spa, a second refrigerator, central vacuum, sump pump and more. Customers can make a claim online or over the phone 24/7. Contact the company for a free quote. Reviews for Choice Home Warranty are mostly positive, but some mention dissatisfaction over denied claims.
Total Home Protection
Total Home Protection has monthly and annual home warranty plans to fit any household budget. Choose from two different plans and an assortment of optional coverages. Customer service is available 24/7, and the company uses only licensed and insured technicians. Customers like how Total Home Protection allows them to transfer a home warranty at no cost.
AFC Home Club has four different plans and offers add-ons for sump pumps, septic systems, hot water dispensers, pools and spas. Customers have the option of choosing their own licensed contractor for service. Plans are transferable to new homeowners. Reviewers say purchasing an AFC Home Club warranty is easy and like their coverage.
Select Home Warranty has Gold, Platinum and Bronze Care plans, all of which come with the ability to make a claim 24/7. This company has a large network of professionals nationwide to complete service requests and doesn’t limit the number of covered repairs. Discounts are available for multiple-year coverage. Many reviewers give Select Home Warranty five stars for affordability and a straightforward claims process.