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3 Best Home Warranties with No Deductible for 2023
By Susan Doktor MONEY RESEARCH COLLECTIVE
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- Covers Major Home Systems, HVAC & Appliances
- Free Roof Coverage, No Inspection Needed
24/7 support whenever your appliances fail
- Large network of independent prescreened contractors and qualified technicians
- In business for over 30 years
- Good coverage on home systems
- Does not cover pre-existing issues
- They will replace items that fail if they can't be fixed regardless of age, make or model
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- Industry leader since 1971
- More than $2 Billion in claims paid in last 5 years
- More than 2 Million customers served
- No inspection or maintenance records required
- 30-day workmanship guarantee
There are more than 50 home warranty companies in the US today. However, those that offer a no-deductible option are relatively rare. But we found three of them for you! Here are the companies that we’ll review: Home Warranty Inc, HomeServe USA, and Complete Protection.
Table of Contents
Best Home Warranties With No Deductible Company Reviews
No-Deductible Home Warranties Guide
No-Deductible Home Warranties FAQ
How We Chose the Best Home Warranties with No Deductible
Best Home Warranties With No Deductible Company Reviews
Home Warranty Inc.
- Offers a no-deductible appliance warranty
- Offers a combination systems and appliances plan
- Covers homes of every size
- Doesn’t offer a no-deductible systems plan
Home Warranty Inc. offers a choice of two no-deductible plans: one that covers appliances exclusively and one that offers combined coverage for systems and appliances. Its combination plan offers comprehensive coverage for systems including heating and cooling units (including ductwork and air exchangers), interior plumbing and plumbing stoppages, interior electrical, and hot water heaters.
Appliances covered under the combination plan include:
- Range/oven/cooktop
- Built-in microwave
- Clothes washer and dryer
- Refrigerator with icemaker
- Garbage disposal
- Trash compactor
- Central vacuum
- Garage door opener
- Sump pump
In addition to its standard plans, Home Warranty Inc. offers multiple opportunities to customize your coverage with optional add-ons. For example, you can purchase the Enhanced HVAC Plus plan for $100 annually. It increases the typical HVAC coverage limit by $2,500 and will cover the cost of using a crane during your HVAC system repair or replacement. It also includes refrigerant recaptures and conversions.
You can also purchase, for $75 per year, a Buyer Premium Upgrade that augments the coverage in Home Warranty Inc.’s standard coverage as follows:
- Haul away and disposal
- Code violations/permits
- Expansion tanks
- Toilet replacement
- Failures due to lack of maintenance
- Failures due to sediment or scale
- Bathroom exhaust fans
- Dish racks, rotisseries and rollers
- Window air conditioning units
- Appliance handles and knobs
- Emergency window air/portable heating
Home Warranty Inc. also covers what the company calls “undetectable pre-existing conditions.” What’s an undetectable pre-existing condition? The company reserves the sole right to say. But most home warranty companies deny claims for pre-existing conditions entirely. At least Home Warranty Inc. keeps the discussion open.
HomeServe USA
- One-year workmanship guarantee
- 24/7 emergency repair hotline
- 13 types of coverage available
- Choose the precise coverage you need for home systems
- Coverage for systems only, not appliances
- No coverage available for hot water heaters
- Premium costs may exceed those of complete home protection plans
HomeServe offers 13 separate plans ranging in cost from $6.49 to $21.98. So customers can choose precisely the coverage they need from a menu of services.
The company provides repair service plans that cover parts and labor to repair critical electrical, gas, heating, cooling and water systems. You can request service for an emergency through the company’s 24/7 repair hotline. Repairs are performed by licensed, insured technicians and are guaranteed for one year from the time of service, which is an exceptionally strong workmanship guarantee.
However, HomeServe does not cover a home’s major appliances or many of the less common appliances your home may feature. You may find that if you add up the cost of covering all of your home systems, premium costs can exceed those of the bundled systems plans offered by more traditional home warranty companies. But many homeowners may decide that they get greater value from high-premium coverage with no deductible. It all comes down to how many claims you have to make during the term of your plan.
Complete Protection
- Choose just the protection you need
- Broad appliance coverage
- Coverage starting at $4 per month
- No coverage for plumbing or electrical systems available
Complete Protection offers homeowners the option of creating a home protection plan completely a la carte. The menu of optional coverages includes many home appliances, both major and minor, and also affords homeowners the opportunity to buy protection for air conditioning systems, heating systems, mini-split evaporators, septic system lines and tanks, well pumps and tanks, and water heaters. There are, however, no options for covering plumbing systems or electrical systems.
Appliance coverage options are very broad and include the following laundry and kitchen appliances and pool components:
- Washer
- Dryer
- Oven
- Range
- Cooktop
- Built-in microwave
- Refrigerator
- Ice maker
- Stand-alone freezer
- Dishwasher
- Trash Compactor
- Garbage disposal
- Wine cooler
- Garage door opener
- Pool heater
- Pool pump
Prices for each individual type of coverage vary, but start at $4 per month for such items as clothes dryers, wine coolers, garage door openers and trash compactors. At the high end, air conditioning coverage comes in at $28. Customers who have commercial-grade appliances in their homes have the option of adding a “high end option” to ensure such appliances are covered.
No-Deductible Home Warranties Guide
Main things to know before purchasing a home warranty with no deductible
- Before you decide to purchase a home warranty with no deductible, be sure to investigate traditional home warranties, too. Educate yourself on the full realm of possibilities so you can make the right choice for your home and budget.
- Home warranties with no deductible are uncommon in the industry. Companies that offer them often don’t provide the same range of coverage options offered by more traditional home warranty plans. For example, at least one of the companies we’ve reviewed doesn’t offer coverage for appliances.
- Warranties with no deductibles are often priced differently than traditional warranties. They take an a la carte approach to coverage and pricing. This affords homeowners the opportunity to hone in on just the coverage they need and avoid extras they don’t want. But if you wish to elect several types of coverage, premiums for these plans can really add up. You can easily wind up paying twice as much in premiums for a no-deductible plan. So the savings you might expect from a no-deductible plan may not be as significant as you’d expect, particularly if you don’t need to request a lot of service calls.
- The ultimate value of any home warranty can only be determined by weighing its breadth of coverage, premium costs, service call fees and coverage limits. Home warranty companies often don’t make all of this information easy to find on their websites. To calculate the value of any plan, it’s imperative that you read the terms of an actual service contract. If a home warranty provider doesn’t make such a contract available online, you should request a copy before deciding on which home warranty to purchase.
What does a home warranty company with no deductible cover?
As with traditional home warranties, that varies widely. Coverage may be broad or narrow or customizable to your needs. And even within the same category of covered items, one warranty may cover different components and types of repairs than another. Home warranty coverage will also vary by the maximum amounts providers will pay out for any given repair or for a total year-long term.
How much does a home warranty with no deductible cost?
It all depends on the coverage you select. The more covered items in your plan, the more you’re likely to pay for your warranty. Home warranty plans with high coverage limits are more expensive than less generous plans, too.
Who needs a home warranty with no deductible?
People who want to take a very surgical approach to home protection may find home warranties with no deductibles useful. Let’s say you recently purchased an older home and updated the plumbing and electrical systems. But your budget didn’t allow for replacing your furnace. While you’re saving up for that upgrade, you may want to purchase home warranty coverage for your furnace exclusively, just in case it fails before you can replace it.
How does a home warranty with no deductible work?
They work the same way that traditional home warranties work except for one significant difference. When breakdowns occur, you call up your home warranty provider. (Most companies also allow you to request service online.) The company takes a little time to get back to you, but most providers promise response times of about 48 hours. You schedule your service appointment and the warranty company dispatches a licensed technician to your home. The technician may recommend the malfunctioning item be repaired or replaced. It’s up to your warranty provider to decide. That’s when you’ll see the difference between a no-deductible home warranty and a traditional one. With a no-deductible home warranty, you don’t owe your technician a dime. With a traditional home warranty, you’d be responsible for paying a service call fee, usually somewhere between $75 and $150.
No-Deductible Home Warranties FAQ
What are the benefits of having no deductible in a home warranty?
The main benefit of a no-deductible warranty is that it prevents costly surprises. A no-deductible warranty makes it easier to budget for home repairs. You pay just one fixed monthly or annual fee — your premium — and then, should you experience a system or appliance problem, your warranty provider will arrange for the issue to be resolved at no additional cost to you. And no matter how many times you request service, you’ll be covered at no additional cost on covered items up to the limits outlined in your service agreement.
Is there any downside to having a home warranty with no deductible?
There are a few disadvantages to take into account if you’re considering a no-deductible warranty.
First, no-deductible plans often don’t cover as many home features as traditional home warranties. Some only cover major systems, for example. So if you’re looking for complete home coverage, you may not have very many warranty provider choices.
Second, with no deductible plans, you often pay for each type of coverage separately — a few dollars here for your heating system, a few dollars there for a well pump, and another few dollars for your dishwasher or refrigerator. And pretty soon, those few dollars begin to add up to charges that may be in excess of the cost to secure a traditional home warranty that offers comprehensive coverage in one bundle.
Third, no-deductible home warranties may have lower coverage limits than traditional home warranties. For example, American Home Shield, a traditional home warranty provider, offers appliance coverage limits of $6,000. We were unable to find a no-deductible warranty that offers the same amount of coverage. In fact, from what we’ve seen, no-deductible warranty companies make it tough to figure out any of their coverage limits. So you’ll have to do some digging to find out your coverage limits — an important consideration when calculating the overall value of a plan.
Do home warranties with no deductible cover the same as normal home warranties?
Every traditional home warranty plan is different. Some offer very comprehensive coverage, especially with their higher-priced plans. You may be able to approximate the coverage afforded by traditional home warranties by selecting coverage individually or by choosing a no-deductible combination plan. Certain types of coverage may be difficult to find in a no-deductible plan.
Are there any limitations to what a home warranty with no deductible will cover?
Yes, and they should be clearly laid out in the contract you sign. A careful reading of your contract is essential if you want to avoid surprises, such as appliance component exclusions or exclusions for entire systems.
How We Chose the Best Home Warranties with No Deductible
To be clear, there are far fewer no-deductible home warranty plans than there are traditional home warranty plans. We had to search far and wide to find just a few. Once we located these plans, we researched coverage options, how you select coverage (individually per system or appliance or combined in a single bundled plan), and premium costs per item or plan. We read the company’s sample contract, if provided. We also took into account each company’s rating with the Better Business Bureau. Each company we review here has a BBB rating of A- or better.
