Looking for the top home warranty for your luxury home?
Perfect, you’re in the right spot. In this guide you’ll learn:
- What is a home warranty for luxury homes?
- How much will a home buyers warranty for a high-end property cost you?
- Is a home warranty worth it for your luxury residence and how does it work?
- Our Top Picks for Home Warranties That Cover Luxury Homes
- And Much More!
We’ve reviewed 68 different home warranty companies, and below are our top picks for high-end appliances and systems specific to your state. Want to learn more about each? Continue reading!
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Our Top Picks Overview
Do you own a high-value residence, estate-style property, new modern home or vacation villa and with extravagant major appliances and systems? No matter if you are a luxury homeowner, homebuyer or real estate agent, you have come to the right place.
What's In This Guide?
We understand that as an affluent homebuyer, you look for trustworthy appliances to make your day-to-day life easier. Luxury appliances are becoming more advanced each year, and appliances are no longer just about looks. Upgrades today consider the safety, efficiency, and technology of your home and these products should be adequately protected by the home warranty provider right for your needs.
But, what happens when your induction cooktop no longer heats up? Or your KitchenAid professional stand mixer leaves your ingredients unmixed? Thankfully, there is an easy answer: home coverage for major appliances and major systems. With a home protection plan, you will not have to worry about paying out-of-pocket expenses for repairs in these situations.
So do you want peace of mind knowing that your high-dollar appliances in your seven-figure home will be insured? Ahead, we will talk you through why home warranties for a luxury property is strongly encouraged, and we help you make an informed decision on which home service company will save you the most money.
Top 5 Best Home Warranties For Luxury Home Coverage
What Are Home Warranties For Expensive Appliances and Systems?
A home warranty for luxury properties does not only protect regular systems like ductwork and appliances like dishwashers, it’s much grander, covering your unique and one-of-a-kind items tailored to your home. This service contract between you and the warranty company protects your high-dollar items from everyday wear and tear.
You may ask, what appliances and systems are considered “luxury”? Well, the list begins in the kitchen but is not limited to recreational luxuries, such as a pool or spa.
Buyers nowadays are looking for the latest and greatest kitchen appliances to make their at-home dining experience a bit more gourmet. Below are a few examples of luxury kitchen appliances:
- Sub-Zero Refrigerators
- Induction Cooktops
- Wall Ovens
- Warming Drawers
- Trash Compactors
- Wine Chillers
- Ice Makers
- Coffee and Espresso Machines
It’s no secret that these performance items go beyond the simple functions of standard appliances. Technology has even worked to the luxury homeowner’s benefit, allowing these items to become the latest and greatest. In 2021, we are seeing a growing number of smart refrigerators, with Wi-Fi accessibility and touch screen capabilities. If you are curious about the latest smart-refrigerators, check out this video.
As an owner of these expensive appliances, you will want a home warranty to mitigate the cost of malfunction on these appliances, so your nightly cooking routine will never be interrupted.
So, what’s the difference between coverage for regular appliances and coverage for luxury appliances?
Here’s the answer. Most companies offer basic coverage for commercial grade items, but simply upgrading your home protection plan can salvage these high-dollar goods. For example, American Home Shield strives to help hold your items to their luxury status by offering a Combo Plan that lets you protect both your luxury appliances and systems at the same time. By choosing this plan, you can ensure that your luxury built-in food centers, like a warming drawer, are insured alongside a more basic system, like HVAC. American Home Shield will cover up to $3000 in repair and replacements costs for your built-in food center.
So, if an appliance breaks and results in a total system failure, this is where a superior home warranty plan can be a big help. Replacements can be annoying, but if the appliance is a covered item under your warranty plan, it is no longer a hassle, rather an exciting new addition to your luxury home.
What Does Coverage For A Luxury Property Cost?
As the owner of a luxury home, your appliances might have translated to higher initial costs when the home was purchased, but this does not mean you should have to pay an immeasurable amount for home repair and replacement costs in the event of a breakdown of one of your high-dollar belongings.
Wondering what makes owning a home warranty for a luxury property so affordable? Here’s why: Because of the mere fact that no matter the square footage of your home, the advanced operation of your systems or rarity of appliances, there is a plan to fit the needs of your home and wallet.
Generally speaking, most home warranty companies offer generic warranty plans and premier plans for a wide range of homeowners. But each home warranty company and plan is different, so it is difficult to provide an exact value.
For example, Choice Home Warranty, one of our favorites, offers a basic plan, also known as the Silver Combo Plan, and a total plan, known as the Platinum Combo Plan. The Silver Combo Plan is perfect for regular homeowners looking for basic coverage, like the heating system, plumbing system and electrical system. But, luxury homeowners usually appreciate greater coverage for their unique appliances, making the Platinum Plan the best choice. While more items in a plan often equate to a higher price, the value is really in the number of home appliances and systems covered.
Other companies offer Build Your Own plans or special add-on coverage. A Build Your Own plan is one of the most expensive plans to choose from, but it comes with the convenience and flexibility of choosing which items to cover.
In general, when you file a claim with any home warranty company, you have to pay a service fee or call fee to the company for the contracted technician. Service call prices vary between homeowners warranty companies and can depend on your policy.
So, just think about it, saving a lump sum of cash each year by simply investing in a home warranty plan, eliminating almost all out-of-pocket expenses for maintenance. We at ReviewHomeWarranties.com know that owning a home warranty plan, especially a platinum or premier plan, will give you the peace of mind that luxury items are covered in the event of an issue.
Are Warranties In A Luxury Home Worth It?
It’s no surprise that top-of-the-line appliances often accompany the purchase of a luxury home. In fact, most realtors are quick to highlight unique standout appliances in a luxury property. But, you might be wondering, do I really need to spend the extra money on a premium plan to cover these items?
The short answer is yes, but let me set the scene to help you understand.
After a long day at the office, nothing sounds more pleasing than a chilled glass of white wine. Your new under-counter Dacor Wine Cellar is a wine connoisseurs dream and the highlight of your kitchen. However, as your drink is dispensed, the glass feels warm and lacks the fruity-taste you were craving. You quickly realize the system is malfunctioning. So, what do you do?
The answer is easy with a home warranty; you file a claim immediately. Your glass of fresh white wine cannot wait another day, and lucky for you, many home warranty companies are available 24 hours a day, seven days a week. Choice Home Warranty, our number one pick on the home warranty market, ensures customers that they can be reached around the clock.
Moreover, home warranty coverage that guarantees quick response and repair times for your favorite luxury items is an added benefit.
Best Home Warranty For Luxury Properties?
Choice Home Warranty is our top pick in the luxury home warranty market. Choice has more than 10 years of experience, offers three extensive coverage plans to choose from and add-on options for your unique items.
Also, if you consider the cost of repair for any home system or appliance out-of-pocket, it is financially stressful for any homeowner. Besides, wouldn’t it be easier to not even to have to worry about the cost of time and money in finding a contractor that specializes in fixing your Dacor wine dispenser? We at Reviewhomewarranties.com think so and know that this is where an upgraded home warranty plan is worth it.
Here’s the bottom line: Even as a luxury homeowner, unless you have cash set aside for expensive repairs, a more premium plan or add-on coverage is worth it in order to keep your luxury items fully functional when you need them to be.
How Do Warranties For High-Dollar Items Work (Are They Unique)?
Here are three steps to choosing the best home warranty for high-dollar properties.
Step 1: Find The Right Home Warranty Companies Relative To Your Luxury Needs
It is a good idea to consider which companies are the most credible in the public’s opinion to cover your unique items. Usually the top company, Choice Home Warranty and its competitor, American Home Shield, are more trusted by customers for luxury items.
When companies fail to provide coverage information, like pool coverage, where only 21% of companies do not provide any information about pool coverage except that they offer it, it is a clear red flag.
Transparent companies like Choice Home Warranty want to ensure customers that their unique items will be safeguarded, which is why their coverage limits and premiums for pools are clearly disclosed. Choice Home Warranty even has earned a four out of five starts for trustworthiness, making them a leader in the industry.
When homeowners are clearly able to understand which of their expensive items are covered or not covered and the cost, claims are less likely to be denied.
Step 2: Decide Which Plan Fits Best With Your Luxury Items and Sign A Service Agreement With A Company
Take a look around your house and ask yourself which items you prefer to be insured. Consider the age of your house, the age of your appliances and systems, and how they are treated.
For example, if you are a frequent traveler and rarely use your appliances or systems, a more basic plan could be right for you. The same goes for people who are gentle with their belongings. The downside to this is that standard policies generally leave gaps and often overlook luxury items.
For expensive items, either customizable or combo plans are usually more suited for high-dollar property owners. American Home Shield offers both a Build Your Own Plan for 10 items and a combo plan covering over 21 appliances and systems. For example, in the event your dual shot espresso barista breaks down, American Home Shield will protect these built-in machines in both plan options.
Moreover, luxury consumers that opt into a less-rigid coverage plan feel that they have over more control of their home and budget’s unique needs.
Step 3: Submit A Claim And Wait For Your Items To Be Repaired and Replaced
Once a covered system or appliance breaks down, call your provider within 24 hours and the company you have chosen will send a technician from their network to fix the issue. Usually, the service provider will contact you to schedule an appointment mutually.
What makes luxury appliance and system coverage unique for customers is the convenience of not having to deal with repair and replacement issues themselves or the hassle of finding a contractor. Choice Home Warranty’s network of over 10,000 are experienced in spa assistance so that you can continue enjoying your much-needed downtime.
If the service contractor discovers that your spa is unable to be repaired, the replacement process will be underway and is generally replaced within 90 days, which is standard for most companies.
Best Home Warranty Companies For Luxury Homes Reviewed
Choice Home Warranty Review (Best Overall Home Warranty)
Why Do We Like Choice?
Out of all the home warranty companies we reviewed, Choice Home Warranty has the most comprehensive plans, good payout limits, minimal number exclusions, quality customer service, and affordable cost.
Choice has two main home warranty plans. The “Basic Plan” and the more comprehensive “Total Plan” covering 15 home appliances (dishwasher, etc) and systems (duct work, water heater, etc). They also have “Optional Coverage” for add on items most homeowners don’t usually have, which include pools and spas, well pump, sump pump, roof leaks, other extraneous items.
Based on our review, Choice’s “Total” plan covers these items at a more affordable price point than its competitors although has a few more exclusions, which is how they can justify charging a lower monthly payment.
The thing about home warranties is that they are a bit complicated with a lot of moving parts that may confuse most homeowners on what’s covered versus what’s not covered.
A key deciding factor in our review looking for the best home warranty company is finding one with top quality customer service to help customers like you walk through the claims process so you don’t have to worry about nasty surprises when you need service.
That said, Choice has 24 hours a day 7 days a week 365 days a year availability and a 48 hour response time to get a contractor out to your home. Other providers tend to have slower response times and are less communicative about when technicians are assigned to your claim.
Policy On Pre-Existing Issues or Older Units?
Choice covers appliances regardless of age or existing wear and tear, so you don’t need to worry about signing up and not getting covered due to age assuming you’ve properly maintained the item over it’s life.
What’s not covered is if you or someone else breaks the unit regardless of when it happens. All home warranties, regardless of company, won’t cover a unit you break through negligence or misuse (i.e., baby sticks chocolate bar into VCR).
- Good Limits (up to $1,500)
- Minimal Exclusions
- More Affordable
- Only 15 Home Appliances & Systems Covered
American Home Shield Review (Editor’s Choice)
Why Do We Like American Home Shield?
Far and away the most thorough and transparent home warranty company we reviewed is American Home Shield. They are the gold standard. If you spend any amount of time on their website, it’s clear that they are very upfront about what they do cover and don’t cover when compared to their competitors.
In fact, they go out of their way to tell you they cover things their competitors don’t like rust or plumbing stoppages.
They also have the best home warranty coverage with an astounding 21 systems and major appliances including trash compactor, smoke detectors, and clothes washer. They also have the fewest number of exclusions with the highest dollar limit payout amounts ranging from $1,000 – $3,000 per claim.
Think of American Home Shield as the “BMW” or “Mercedes” of home warranty companies. More expensive than Choice, but with better coverage and limits.
Policy On Pre-Existing Issues or Older Units?
Very similar to Choice, American Home Shield covers old systems and appliances that break down due to wear and tear, but they do not cover pre-existing issues or negligence related to the misuse of your appliance or system!
- Highest Payout Limits (up to $3,000)
- Widest Coverage (21 systems and appliances)
- Fewest Exclusions
- Most Expensive
Select Home Warranty Review (Most Affordable)
Why Do We Like Select Home Warranty?
Select Home Warranty made our list as a best budget friendly home warranty option. They have lower limits ranging from $500 – $2,000 per claim but also lower service fee costs and potentially reduced annual premiums as low $325 per year if you opt into multiple year contracts, far below other competitors.
If you opt for their “Platinum Care” they are on-par with other providers in terms of what they actually cover.
Overall, a great budget option for people who want a home warranty but can’t afford Choice or American Home Shield.
Policy On Pre-Existing Issues or Older Units?
Very similar to Choice and American Home Shield, Select covers old systems and appliances that break down due to wear and tear, but they do not cover pre-existing issues or negligence related to the misuse of your appliance or system!
- Most Affordable Service Contracts
- Roof leaks Are Covered In Their Platinum Plan
- Ultra Pushy Sales
- 3 Days To Submit Claim
- Weaker Network Of Contractors
Total Home Protect Review (Best For Larger Systems)
Why Do We Like Total Home Protect?
Total Home Warranty made our list as a home warranty with above average protection on more robust systems like septic systems and roof coverage.
Their monthly cost comes out to around ~$45 per month for their basic “Gold” plan, which puts them on the more expensive side of the scale when compared to other top home warranties on our list with better coverage.
Most home warranties do not cover anything related to your roof but Total Home Protect does, which we found to be unique to their offering helping them crack our top list.
Policy On Pre-Existing Issues or Older Units?
Very similar to Choice and AHS, Total Home Protect covers old systems and appliances that break down due to wear and tear, but they do not cover pre-existing issues or negligence related to the misuse of your appliance or system!
- You Can Choose Your Own Technicians
- Roof Coverage
- More Exclusions Than Most Competitors
- The Worst BBB score
- Low Payout Limits ($500)
First American Home Warranty Review (Best Customer Service)
Why Do We Like First American Home Warranty?
First American Home Warranty made our list as a home warranty with above average customer service mixed with in with a decent price point.
The only drawback was that they aren’t nationwide lacking coverage in the following states: ND, MN, WI, IL, NY, VT, NH, ME, MA, CT , RI , DE, AL, HI, LA.
Their plan options include a “Basic“ plan, which only covers appliances and will run you about $28 per month. Their combo plan, which covers major systems and appliances branded the “Premier” plan costs around to ~$43 per month.
Overall a good home warranty provider, but just lacking the coverage, which would have helped make a better case for “best overall home warranty company”.
Policy On Pre-Existing Issues or Older Units?
Again, all of the home warranty providers seem to have adopted a similar policy in that they cover “old” appliances and systems that break down due to wear and tear, but they do not cover pre-existing issues or negligence related to the misuse of your appliance or system!
- Great Customer Service (B+ BBB Score)
- Online Chat Support
- Not Available In 15 States
- Can’t Choose Your Own Contractor
Final Thoughts On Warranties For High-End Appliances And Systems
In conclusion, if you own a high-end primary or secondary residence, it is best to have protection on your appliances and systems. Besides, who is able to enjoy a luxury vacation home when the HVAC system is broken?
Luxury homes are an investment, and it is important to make sure that your appliances are always in tip-top condition, especially if you are about to put your home on the real estate market. Luxury homes, condos, townhomes and vacation properties can be difficult to sell, and when everything is in proper working condition, the home is much more appealing to a new home buyer. Having a protection plan can even help your luxury property sell faster and at an average of $2000 more.
No matter if you live in an oceanfront property in Maine, a Hawaiian escape vacation home, a river house in Montana or a mountain home in Vermont, there is appliance and system protection for you. Check out our state-specific pages for more information.
So, don’t get stuck with out-of-pocket expenses or financial woes for major home luxury items. We at ReviewHomeWarranties understand there is a lot to think about when investing home protection, but we believe you should consider it essential when it comes to a luxury appliance or system.