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The Best Home Warranty Companies (From Worst to Best) | PissedConsumer
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May 22, 2024
If you're thinking about getting a Home Warranty, it could be a wise strategic decision. In this episode we compare the next companies based on real Home Warranty Companies Reviews: - Home Warranty of America reviews - Cinch Home Services reviews - Fidelity National Home Warranty reviews - First American Home Warranty reviews - American Home Shield reviews Read the full article on PissedConsumer: https://help-center.pissedconsumer.com/home-warranty-companies-worst-to-best/ Timecodes 0:00 - Introduction: The Real Costs of Home Repairs and Benefits of Home Warranties 0:31 - Welcome to the Pissed Consumer Channel 0:39 - Deep Dive: Evaluating the Value of Home Warranties 1:15 - Financial Analysis: Costs of Repairs With and Without Warranties 1:43 - Pro and Con Discussion: Is a Home Warranty Worth It? 2:17 - Issues Faced: Delays and Denials in Home Warranty Services 3:14 - What’s Covered: Understanding Home Warranty Policies 4:01 - How to Choose a Home Warranty: Cost, Coverage, and Company Reputation
View Video Transcript
0:00
Are you frustrated with unexpected home repairs? Home maintenance can hit your wallet hard
0:06
costing homeowners up to $6,000 annually without a safety net. But here's a thought. Home warranties
0:15
A market that's ballooned to $3.9 billion in 2023, promising to safeguard your budget
0:23
from those repair bills. Sounds great, right? But here's the million-dollar question
0:28
Are they really worth it? Hi, this is Daniel and welcome to Pissed Consumer Channel
0:40
Today, we're not just scratching the surface. We're diving deep into real reviews and expert
0:47
advice to see if home warranties truly offer peace of mind or if they're just another headache
0:55
waiting to happen. Let's talk numbers. Without a home warranty, you could be shilling out
1:00
between $2,500 up to a whopping $6,000 annually on home repairs. That's a lot of unexpected expenses
1:10
hitting your budget hard. Now, flip the script. For just $300 to $600 a year
1:17
a home warranty policy steps in, potentially shielding you from those financial surprises
1:25
The math speaks for itself, right? But it's not just about the dollars and cents, okay? It's about
1:31
sleeping soundly, knowing a busted water heater won't break the bank. That's the peace of mind
1:38
a home warranty could offer. Let's cut to the chase. Are home warranties a wise investment
1:45
or a potential pitfall? On one hand, the allure of financial protection against hefty repair bills
1:52
is strong. But on the flip side, the business model of these companies, collecting fees against
1:58
services you might never use, raises eyebrows. Here's where it gets tricky. These companies
2:05
profit more when they spend less on your repairs. This can lead to service delays, denials of
2:12
coverage, and endless debates over what's actually covered. It's a mixed bag. Some homeowners swear
2:19
by their warranties, while others share stories of frustration, like waiting weeks for a critical
2:26
repair or battling over the fine print. So before you leap, consider both sides. Is it the peace of
2:33
mind worth the potential hassle? We are near to help you decide. Feeling ignored by customer service
2:41
You're not the only one fighting that battle. It's time for a game changer. Welcome to the Pissed
2:47
Consumer Club, where we arm you with the tools to turn your frustrations into action. This isn't just
2:56
about getting heard, it's about getting results. From personalized guidance to legal insights
3:04
we're your frontline in consumer rights. Ready to make a real change? Click on that link below
3:11
and join the Pissed Consumer Club. Navigating home warranty policies can feel a bit like a maze
3:18
Generally, they cover major systems and appliances, but the devil's in the details
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The limitations. Think about what's under your roof. Literally. Speaking of roofs, let's not forget
3:32
pools. These might need an add-on to your policy for coverage. So how do you pick the right shield
3:39
for your home? Well, it actually boils down to three things. The cost of the policy, what's
3:46
actually covered, and crucially, the reputation of the company backing it. And don't just take their
3:53
word for it. Dig into reviews, ask around, and really understand what you are signing up for
4:00
After all, a well-chosen home warranty can be a game changer for your peace of mind. Armed with
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those insights, let's zoom in on the companies that promise to shield our homes and wallets
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We're ranking home warranty firms, from those you might want to think twice about
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to those that actually could be your home's best friend. All based on genuine customer experiences
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First up, Home Warranty of America. They are landing at the bottom with a 1.3 star rating
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from 123 reviews. The staggering 65,000 in claimed losses and zero resolved issues speak volumes
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Main gripes? Claims denied more often than not and contractors that seem to have perfected the art
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of disappearing. Disappointment seems to be a common thread among their customers
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highlighting a rocky road for those counting on support in times of need. Not the best start for
5:06
our lineup, but it's just the tip of the iceberg. Moving on, we find Cinch Home Services, mirroring
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Home Warranty of America with a 1.3 star rating, but based on 106 reviews. They've seen 89,000
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in claimed losses, yet they've managed to resolve three issues. A glimmer of hope, perhaps. While
5:31
some customers appreciated the low monthly costs, the service experience tells a different story
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From frustratingly poor service to alarming safety concerns raised by their choice of contractors
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the peace of mind seems hard to come by. Safety and reliability are non-negotiable
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when it comes to our homes. It's clear that Cinch Home Services has some ground to cover
5:58
in meeting customer expectations. It is essential to dive into the specifics of these services
6:05
not just the surface promises. Let's see if our next company can break the pattern. Next in line
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Fidelity National Home Warranty, landing a mind-boggling 1.3 star rating from a significant 220
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reviews. Their reported claimed losses hit around 67,000, yet they managed to resolve four issues
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Step in the right direction, but is it enough? This company too struggles with timely service
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leaving many homeowners dealing with prolonged delays and a reality that falls short of their
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expectations. It's a recurring theme that home warranty services are not just about coverage
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on paper, but the reality of support and efficiency in addressing homeowners' needs
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The gap between promise and delivery seems to persist across the board. With Fidelity National
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while there is a slight improvement in resolving issues, the fundamental concerns of delays and
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unmet expectations remain prevalent. Moving forward, we find First American Home Warranty
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With a hefty 847 reviews, their standing is again 1.3 stars. Despite the large volume of feedback
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the claimed losses are staggering, nearing $898,000. Yet they've managed to resolve
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five issues, showing some attempts at addressing customer grievances. The sheer volume of reviews
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for First American reveals a broader picture of customer experiences, pointing to long waiting
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times and a concerning lack of follow-up as their Achilles heel. It seems that even with a slightly
8:02
higher resolution rate, the struggle for prompt and effective service continues to plague homeowners
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As we peel back layers of customer feedback, the pattern of delays and insufficient service
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communication across the whole industry becomes hard to ignore. These aren't just minor inconveniences
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but significant disruptions to the daily lives of homeowners. It's clear that while resolutions
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are happening, the path to satisfactory service is fraught with challenges. Let's see how our final
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company stacks up in this landscape. At the top of our list, yet not without its own controversies
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is American Home Shield. This company garners attention with over 4,600 reviews, securing a
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rating of 1.4 stars. Despite a daunting $2.3 million in claimed losses, American Home Shield
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stands out for having 38 resolved issues, the highest among the companies we've discussed today
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However, the journey to resolution isn't always smooth. Customers frequently voice their frustrations
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about unresolved problems and disappointing service encounters. It is a mixed bag of outcomes
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underlining the critical need for diligence and clear communication when filing claims. Navigating
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the intricacies of home warranty claims with American Home Shield can be complex, mirroring
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the broader industry's challenges. It underscores a vital lesson. Understanding your policy inside
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and out is key to leveraging its benefits fully. That wraps up our deep dive into home warranty
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companies, from those leaving customers wanting more, to those making a noticeable effort to
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resolve issues. Our journey through customer reviews and expert insights underscores one thing
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your voice matters. These rankings aren't just numbers, they're a reflection of real experiences
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challenges, and sometimes resolutions. Before committing to any home warranty company, remember to read between the lines, ask the hard questions, and most importantly, consider the
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experiences of those who've walked this path before you. Choosing the right home warranty company
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is more than just picking a name off a list. It's about doing your homework. Remember, the insights
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we've shared today are just a starting point. Dive into those reviews, talk to people who've
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actually used these services, and yes, consult with experts. This extra effort up front can save
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you not just money, but the stress of dealing with unresolved issues down the line. Your home is your
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sanctuary. Choosing the right warranty company can help keep it that way. So, did you have a home
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warranty win or a cautionary tale? We want to hear about it. Drop your stories and tips in the
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comments below. Sharing your insights could help someone make a better choice. If you found this
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video helpful, give us a thumbs up, share it with your friends, and don't forget to subscribe. Until
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next time, stay informed, make smart choices, and keep your home a happy one. And this is Daniel
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from Best Consumer, signing off
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