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Top 5 Best Home Warranties For Rental Property (2022)

Top Best Home Warranty Companies for A Rental Property

Looking for the best home warranty for your rental properties?

Perfect, you’re in the right spot. In this guide, you’ll learn:

  • How can home insurance for a rental unit help you?
  • How much do home warranties cost for your rental properties?
  • Is coverage worth it for your investment real estate?
  • What does a warranty for rental homes include?
  • Which company offers the best home warranty for your rental property?

We’ve reviewed 68 different home warranty companies, and below are our top picks for rental coverage specific to your state. Want to find out which coverage is most suited for your needs? Continue reading!

Editor's Choice
98.0

Limited Time: New Customers Get $50 Off
Claim Offer
Best Overall
98.5

Limited Offer: $50 Off + 1 month free
Claim Offer
Most Affordable
97.6

Limited Time: $150 Off + 2 Free Months + roof coverage
Claim Offer


Our Top Home Warranty for Rental Property Picks

  # 1 Our Top Choice Choice Home Warranty
Editorial Rating 98.50
  • $50 Off + 1 month free
  • Won't deny coverage if systems/appliances are old
  • Free cancellation within 30 days
  • Emergency service available
  • Reservice for failed repairs
  # 2 American Home Shield
Editorial Rating 98.00
  • Get $50 off
  • Lower chance of claim denial
  • 24/7 service calls and online service
  • Large and established firm
  • Choose your own service fee!
  • Market veteran
  # 3 Select Home Warranty
Editorial Rating 97.60
  • $150 off + 2 months free
  • FREE Roof Leak Coverage
  • Good selection of plans
  • High contractor professionalism
  • $0 transfer fee
  • First 30 days: Free cancellation
  # 4 The Home Service Club
Editorial Rating 97.20
  • Lower chance of claim denial
  • 24/7 service calls
  • Great promotions available
  • Higher fee for contract transfer
  • Fewer contractors available
  • Limited plan selection
  • 1 day to submit a claim
  # 5 Liberty Home Guard
Editorial Rating 96.50
  • $200 off + 1 Month Free + Free Roof Coverage!
  • BBB's Only A+ Accredited Home Warranty Company!
  • Newly designed customer claim portal
  • Smaller company
  • Newer on the market

Renting out your investment property is a fantastic way to make money on the side. But, if your rental home needs repairs, you might get stuck with a hefty bill that your insurance policy just won’t cover.

If you have renters living in your home, it’s important to protect yourself from costly home repairs that eat away at your monthly income. That’s where home insurance for appliances & systems can make a big difference in your property management strategy.

Compare Top Providers for Rental Property

Provider

Visit Site

Best For

Monthly Costs

Service Fees

BBB Rating

States Available

Choice Home Warranty

Visit Site

Best Overall

$36-$44

$60-$85

B

WA

American Home Shield

Visit Site

Most Customizable

$40-$70

$40-$70

B

AK

Select Home Warranty

Visit Site

Most Affordable

$36-$50

$36-$50

C

NV, WA, WI

The Home Service Club

Visit Site

Best for Quick Coverage

$50-$63

$65-$125

NA

 

Liberty Home Guard

Visit Site

Best Customer Service

$40-$60

$60

A

WA, WI

Top 5 Best Home Warranty Companies for Rental Properties

1. Best Overall: Choice Home Warranty

Choice Home Warranty is the best overall home warranty for rentals. Owning a rental property is a great investment, but it can also be a major headache. With Choice Home Warranty, you can decide on a comprehensive plan option that will help give you peace of mind that any emergency phone call from your tenant will be easily handled. Choice Home Warranty has been on the market for 13 years and is known for its simple and straightforward policies. When you look at the coverage from Choice, it is easy to see how this plan moves to the top of the list. In addition, coverage caps of $3000 will be plenty high enough to accommodate high-end appliances and systems. 

Pros

Cons

Comprehensive plan options

No option to build out a custom plan 

Simple contract

 

Fair pricing for monthly and service fees 

 

Free cancellation for the first 30 days 

 

Plans, Pricing, and Coverage 

The two plans from Choice are the Basic Plan and the Total Plan. The service fee associated with Choice Home Warranty is $85. Overall the pricing is considered fair and better than average. With Choice Home Warranty, a $3000 coverage limit is in place to help homeowners that have expensive repairs or need a replacement. The fact that these plans have a mix of systems and appliances helps Choice stand out. 

Here’s a more detailed look at CHW’s plan options:

  • Basic Plan ($42 per month): The Basic Plan is the most affordable option for your rental. The only issue is that it is a more streamlined plan with a few coverages missing. The Basic Plan covers 13 items, including plumbing system, ceiling fans, garbage disposal, heating system, cooktop exhaust fans, microwave, dishwasher, ductwork, electrical system, garage door opener, oven, toilet, and water heater. 
  • Total Plan ($53.33 per month): This comprehensive plan covers a total of 18 items. This plan includes the clothes washer, dryer, refrigerator, and air conditioner coverage. The additional coverages you get with the Total Plan are well worth the extra few dollars each month. As a landlord, you know that the air conditioner coverage will be key to have in place. 
  • Optional add-ons: Choice offers nine optional coverages, including roof leaking, central vacuum, septic tank, well pump, pool and spa, sump pump, and stand-alone freezer. These add-on coverages vary in starting at around $5.00 per month. Some homeowners will include the add-in coverage after they have had Choice Home Warranty in place for a few months. 

Plan

Cost Per Month

Service Fee

Basic Plan

$45

$85

Total Plan

$53.33

$85

What Customers Are Saying: 

Choice has always been fast to set up appointments and the service companies response quick and efficient” – Source

Read our Choice Home Warranty Review for more information.

2. Most Customizable: American Home Shield 

American Home Shield is the most customizable plan for rentals. With an American Home Shield plan in place, you can pick and choose the coverages that match the needs of your rental property. We love this plan option for the homeowner with several rentals with different appliances and systems. You can get a policy for each property and customize the coverage. American Home Shield has been on the market for 50 years, and it stands out as having some of the best customer service and plan value. In addition, AHS is known for its high approval rating for claims. 

Pros

Cons

More than 50 years of industry experience 

Considered to be a more premium home warranty policy

Can build out your custom plan and customize pricing

Some of the policy choices are priced a bit higher 

Impressive customer service 

 

Plenty of add on coverage choices 

 

Plans, Pricing, and Coverage 

American Home Shield has three plans to choose from. The plans are ShieldSilver, ShieldGold, and ShieldPlatinum. The pricing on these plans is a bit higher than others on the market, but the coverage caps are higher, around $2500, and can increase from there with the Platinum Plan in place. ShieldGold tends to be a really popular choice for homeowners with rentals. 

Take a closer look at AHS’s protection plan options: 

  • ShieldSilver™ ($59.00 per month): ShieldSilver is the most basic plan from AHS. The plan offers coverage on 14 home systems, including air conditioning, electrical system, smoke alarms, water heater, doorbells, garage door opener, heating system, plumbing, and ductwork. Most of the systems on this plan include coverage caps around $2500. 
  • ShieldGold™ ($69.00 per month): ShieldGold is a unique option that is a mix of value and premium coverage. This is a comprehensive plan covering both systems and appliances. ShieldGold plan covers 23 systems and appliances, including many offered on the ShieldSilver plan, plus clothes washer, dishwasher, clothes dryer, microwave, oven, and refrigerator. 
  • ShieldPlatinum™ ($79.00  per month): ShieldPlatinum is the most comprehensive home warranty plan on the market. This plan covers a total of 27 systems and appliances, including the 23 items covered in ShieldGold, plus disposal, water dispenser, locksmith, and free roof leak coverage. ShieldPlatinum is expensive, but it will leave you with no worries about your rentals. 
  • Optional add-ons: There are six additional coverages offered by AHS, including the septic system, pool, spa, PC, TV, and well pump coverage. The pool coverage seems to be the most popular option considering the pricing and the depth of coverage. 

Plans

Cost Per Month

Service Fee

ShieldSilver

$59.99

$75 – $125

ShieldGold

$69.99

$75 – $125

ShieldPlatinum

$79.99

$75 – $125

What Customers Are Saying

American Home Shield has been a big plus as an add on warranty for our home. We have had to use them several times in various areas such as our home heating system, a/c, garbage disposal and bathroom plumbing. The service companies that AHS uses are, for the most part, very professional and knowledgeable to how to fix the problem in the best way and the fastest way. I would highly recommend American Home Shield to anyone who owns a home. This is one expense that will most definitely pay for itself very quickly.” – Source

Read our American Home Shield Review for more information.

3. Most Affordable: Select Home Warranty 

Select Home Warranty is the most affordable home warranty for rentals. Select Home Warranty has been on the market for nearly ten years, and they continue to offer simple solutions for homeowners with rentals. If you are trying to ensure that your rental stays profitable while still providing the protection you need, Select Home Warranty is a perfect choice. Each of the home warranty plans from Select comes with free roof leak coverage. In addition, the service fees and monthly pricing are some of the best around. Select Home Warranty has high workmanship quality and allows you peace of mind about how Select Home Warranty will handle your needs as a landlord. 

Pros 

Cons

Impressive customer service

Some of the covered items have lower policy limits

Combo plan is one of the best on the market

Not always the best plan for high-end appliances and systems

High workmanship quality 

 

One of the most comprehensive plans on the market 

 

Plans, Pricing, and Coverage 

The three Select Home Warranty policies for homeowners include the Gold Care plan which covers appliances, the Bronze Care plan which covers systems, and the comprehensive combo Platinum Care plan. Homeowners with rentals find the Platinum Care plan to be the best overall value. With this Platinum Care plan in place, your coverage caps will be slightly lower than they are from other home warranty providers, but you will have a good range of coverages for your rental. 

Take a detailed look at Select Home Warranty’s plan options:

  • Bronze Care ($41 per month): The Bronze Care plan covers seven major appliances, including refrigerators, built-in microwaves, clothes washers and dryers, ovens, garbage disposals, and cooktops. Although the Bronze Care plan is a good option, the lack of system coverage can become problematic. 
  • Gold Care ($41 per month): Gold Care is very similar to Bronze Care, except it only offers systems coverage. This plan covers six major systems, including plumbing, air conditioning, heating, water heaters, electrical systems, and ductwork. These systems are expensive to repair, and that is why there are only six covered under this plan. 
  • Platinum Care ($47 per month): The Platinum Care plan offers complete protection and covers all systems and appliances in Bronze Care and Gold Care combined. It has higher coverage limits on important items such as a $2,000 air conditioner, heating, and hot water heater and comes with free roof leak coverage. This is the best affordable home warranty for rentals.
  • Optional Add-Ons: There are several optional add-ons, including central vacuums, lawn sprinkler systems, pools, spas, stand-alone freezers, sump pumps, and well pumps. Keep in mind that roof leak coverage is free. 

Plans

Cost Per Month

Service Fee

Gold Care

$41

$60

Bronze Care

$41

$60

Platinum Care

$47

$60

What Customers Are Saying

My oven blew on Thanksgiving day 2020. I called Select a few days later to file a claim. The filing of the claim was fast and easy. Their cushion window to have someone come out was very large, I think they said it could take up to 30 days, it didn’t take that long. The first tech who came out was very polite and quick. They had to order parts which took about a week, and then they had a different tech come and repair the oven. He was also polite and quick. I think had I been able to locate the serial number of my oven it would have been faster but all in all from start to finish it took almost a month. It wasn’t horrible, my stove worked and so did my broiler I just couldn’t bake, which was not the end of the world.” – Source

To learn more, read our Select Home Warranty Review.

4. Best for Quick Coverage: The Home Service Club 

The Home Service Club has the best quick coverage for rentals. When you acquire a new rental property and want to ensure that it is covered quickly, The Home Service Club is a perfect option to consider. The Home Service Club offers comprehensive coverage, and it will start just ten days after paying the premium. Many home warranty companies will require a 30 day waiting period. Homeowners who invest in The Home Service Club home warranty will benefit from the 13 years that this company has spent in the industry and the overall fair pricing and coverage caps that come with the plan. 

Pros

Cons

Policy starts in just ten days

No cheap plan option with limited coverage

Both plans are comprehensive 

 

Strong history in the industry 

 

Great customer service 

 

Plans, Pricing, and Coverage 

There are two The Home Service Club home warranty plans to choose from. The Standard Coverage has 18 covered appliances and systems while the Comprehensive Plan has 33. The Home Service Club is known for it’s broad range of coverage, something that can really help landlords that are trying to protect themselves from the unexpected issues that come up at a rental. Coverage caps from The Home Service Club will range in price from around $500 to more than $2500. 

Take a more detailed look at The Home Service Club’s home warranty plans:

  • Standard Coverage ($50 per month): The Standard Plan is the most basic option from The Home Service Club. There are 18 covered items under the Standard Coverage plan, and they include all major systems and appliances. The coverages include air conditioners, ceiling fans, water leaks, water heater, electrical system, central vacuum, dishwasher, refrigerator, trash compactor, oven, and more. This is the most popular HSC home warranty. 
  • Comprehensive Coverage ($63.00 per month): The Comprehensive Coverage Plan has a total of 33 coverages. The extra coverages include things like gas leaks, ductwork, sump pump, pest control, doorbells, plumbing stoppages, attic fans, whole house exhaust, and more. Although this coverage is helpful, it may be more than some rentals are going to need; make sure to look at the individual coverages carefully. 
  • Optional add-ons: The add-on coverages from The The Home Service Club are extensive. There are 12 additional or add-on coverages as part of their home warranty plan. Many companies only offer two or three. The add-ons include things like a well pump, service line, plumbing sprinkler, spa and spa heater, free-standing freezer, water softener, and more. These coverages vary in price and start around $5.00 extra per month. 

Plans

Monthly Fees

Service Fees

Standard Coverage

$50

$65-$125

Comprehensive Coverage

$63

$65-$125

What Customers Are Saying:

More than making sure that they get the replacement for you, Home Service Club works really fast on it too! It only took forty eight hours to get my fridge replaced. 10/10 would call again!” Source

Read The Home Service Club Review to learn more.

5. Best Customer Service: Liberty Home Guard 

Liberty Home Guard offers the best customer service for rentals. If you have several rentals and are trying to manage your own home plus your rental, chances are you will be a little stressed when you make your call to LHG regarding the service issue. The good news is that with a Liberty Home Guard plan in place, your needs will be handled by friendly and well-trained agents. Liberty Home Guard has only been on the market for about three years, but they have earned an A rating with the BBB. The extensive coverage and wide range of add-on coverage options help the Liberty Home Guard plan to stand out. 

Pros

Cons

BBB rating of an A

Optional plan choices tend to be priced a bit high

Quick response times to inquiries and claims

To get a very comprehensive policy, the price increases considerably 

Easy to get in touch with

 

60 Day workmanship guarantee

 

Add-on coverage list is very extensive 

 

Plans, Pricing, and Coverage 

The three Liberty Home Guard plans include Appliance Guard, Systems Guard, and Total Home Guard covering both appliances and systems. The pricing from Liberty Home Guard is slightly higher than it is from other companies, but the overall coverage is good. Coverage caps are typically around $1500 for most covered items. Service fees from Liberty Home Guard are very fairly priced. 

Here are more details on Liberty Home Guard’s plans:

  • Appliance Guard ($69.99 per month): Appliance Guard is the most basic and affordable LHG plan. The plan covers 11 major appliances, including garage door opener, ceiling fans, cooktop exhaust fan, oven, refrigerator, garbage disposal, dishwasher, microwave, clothes washer, clothes dryer, and refrigerator ice-maker. Those that are new to home warranty policies can start with this plan and then upgrade. 
  • Systems Guard ($74.99 per month): Systems Guard offers coverage on nine systems, including the electrical system, air conditioner, bath exhaust fan, heating system, toilet, ductwork, plumbing, plumbing stoppages, and water heater. With these systems being expensive to replace, this is a good plan to have in place. 
  • Total Home Guard ($79.99 per month): Total Home Guard covers all of the systems and appliances of the two other plans to cover a total of 20 items. This is a premium-priced home warranty plan, but it has good coverage and lower service fees. 
  • Optional add-ons: Liberty has one of the most extensive lists of items offered as add-ons, including some unique ones such as gutter and floor cleaning, re-key service, lawn sprinklers, pest control, and wine refrigerator. The pricing of. Liberty Home Guard add-on coverages can add up quickly. 

Plans

Cost Per Month

Service Fee

Systems Guard

$69.99

$60

Appliance Guard

$74.99

$60

Total Home Guard

$79.99

$60

What Customers Are Saying: 

I had a problem with my heating system and it was 30 degrees. I called in and spoke with Jake explaining that we needed someone asap as we had little kids in the home. Jake was able to find a local contractor not in their network, get Liberty to sign him onto their network, and the next day the technician was at my home. He repaired the issue on his first visit. Needless to say, I’m happy with their service.” – Source

Read our Liberty Home Guard Review for more information.

What Are Home Warranties For Rental Properties?

Rental homes with home appliance insurance and system coverage are a way to lower your overall operating expenses by protecting you from unforeseen major repair costs. With a home warranty, you pay a monthly or annual premium to protect your home if you should need to call a repairman to fix a broken system or appliance.

Home warranty plans come in many different shapes and sizes. But the basic premise is that they will cover the cost of major systems and major appliance repair and replacement, minus a service call fee.

Of course, most warranty plans will have maximum spending limits for repairs and replacements, which will be clearly outlined in your contract’s fine print. Every company offers different coverage, so you can choose one that best meets the needs of your investment real estate.

If you’re looking for a trusted, industry-leading home warranty company, we recommend Choice Home Warranty. They’re a top-rated brand and right now you can take advantage of their current promotions that get you $50 off, plus one free month and free 30-Day cancellation. Get a free online quote or contact a specialist at 929-400-6169 before these deals end. Another great option is American Home Shield which offers $50 off. Get a free quote online or you can call a home warranty specialist directly at 866-464-7521.

How Much Does A Insurance Plan For Your Rental Unit Cost?

Every home warranty plan is different, so it’s hard to give a specific number for how much they cost. Ultimately, the premium you’ll pay for a warranty on your home or investment property will depend on quite a few factors. These include:

  • Location of the property
  • Age of the home
  • Condition of the home systems
  • Which home appliances do you have
  • How much coverage do you need

Additionally, many companies offer you the option to choose between a basic plan and premium add-ons. Others will allow you to pick and choose coverage options for different appliances and home systems that you have.

Read Also: Which Home Warranty Plan is the Cheapest?

Is a Warranty For Your Investment Home Worth It?

$800 a year might sound like quite a lot of money, particularly if you rent out your home as a side gig. But, warranties for rental homes are worth the investment. Here’s why:

Read Also: What Do The Real Figures Of A Home Warranty Look Like?

Covers What Homeowners Insurance Won’t

Most homeowners will have insurance, but this won’t cover you if your water heater breaks or your air conditioning decides to stop working. Home insurance shields you from some liability during a flood, fire, or another natural disaster – not from home repairs. Meanwhile, home warranties will cover repair costs due to standard wear and tear for your different home systems and appliances.

Protects Your Investment

Investment real estate isn’t cheap, so you want to be sure that your rental property is in good working condition for years to come. No one will want to rent your home if your HVAC system doesn’t work or if the dishwasher keeps acting up. 

So, what you spend on annual warranty costs is really just a way to protect your investment to ensure that you can keep making money off your home indefinitely.

Prompt Repairs And Service

One of the biggest benefits of a home warranty is that they provide quick and easy repairs when something breaks. Unless you contract with a property management company, as a landlord , you’re responsible for getting a service provider to come to your home.

When you have a warranty policy, though, your warranty provider will arrange for a trusted repairman to come to your home. This saves you time and hassle, particularly if you also work a full-time job.

Do you own a duplex and are in need prompt service repairs? Check out this link to learn how your property can be protected.

Home Warranties Are Tax-Deductible

Owning a rental home involves running a business, so many of your expenses, like a home warranty, are tax-deductible. So, not only does a home warranty help protect you from major repair bills, it can save you money come tax time.

Are You A Veteran Looking For A Home Warranty For Your Rental? Check Out This Article!

How Do Home Warranties For Your Rental Properties Work (Are They Unique)?

Home warranties for rental units are more or less the exact same as what you’d buy if you were looking to protect your own house. However, when you’re purchasing a warranty plan for an investment property, you’ll want to think carefully about precisely what you’d like coverage for.

With your own home, you’ll want to protect as much as possible. But, if you have a rental agreement with a tenant that requires them to maintain certain aspects of the building, such as the washer and dryer or the pool, then you might not have to include that in your coverage.

Read Also: Can My Older Rental Home Have Coverage?

How Home Coverage For Rental Properties Work

All home warranties, including those for rental properties, operate in a similar manner. Here’s how it works:

1. Buy A Plan

As soon as you find the right warranty provider and coverage for your needs, you’ll sign a contract to seal the deal. Be sure to read the fine print to see if the contract provides coverage for all of your home systems and for any pre-existing conditions. If not, you’ll want to fix these before you start your contract.

2. Wait For The Grace Period

Most home warranties will have a 30 day waiting period before you can make your first claim. This will generally be waived if you’re simply switching from one company to another.

3. Make A Claim

If your appliances or home systems need repairs, call the company’s helpline to have a repair technician sent to your home.

4. Pay A Service Fee

You’ll have to pay a small fee every time a repairman comes to your home. This is sort of like a co-payment when you visit the doctor.

5. Enjoy Your Repaired Appliance

Your appliances and systems will be repaired or replaced by a service provider. The home warranty company will pay for any expenses up to the maximum spending limit listed on your contract.

Are You A First-Time Buyer? Check Out This Article!

Want to learn more tips and tricks for managing your investment real estate? Check out this video below.

Final Thoughts On Home Warranties For A Rental Property

If you rent out one of your properties, a home warranty is a must-have to protect your investment. Renting out a house or an apartment is a business, so it’s important to protect your property’s appliances and home systems in the long-term. 

A quality warranty plan for your rental unit is a great way to eliminate surprise repair bills and keep your property functioning for years to come.

Considering a home warranty for your rental home for a few years in Dallas, Charlotte, Atlanta, Chicago, Fairfax, Kansas City or any other metroplex? We can tell you the top companies in your city!

Read Also: How Can A Rental Townhouse Be Covered By A Home Warranty Plan?


Our Top Picks Recap

  # 1 Our Top Choice Choice Home Warranty
Editorial Rating 98.50
  • $50 Off + 1 month free
  • Won't deny coverage if systems/appliances are old
  • Free cancellation within 30 days
  • Emergency service available
  • Reservice for failed repairs
  # 2 American Home Shield
Editorial Rating 98.00
  • Get $50 off
  • Lower chance of claim denial
  • 24/7 service calls and online service
  • Large and established firm
  • Choose your own service fee!
  • Market veteran
  # 3 Select Home Warranty
Editorial Rating 97.60
  • $150 off + 2 months free
  • FREE Roof Leak Coverage
  • Good selection of plans
  • High contractor professionalism
  • $0 transfer fee
  • First 30 days: Free cancellation
  # 4 The Home Service Club
Editorial Rating 97.20
  • Lower chance of claim denial
  • 24/7 service calls
  • Great promotions available
  • Higher fee for contract transfer
  • Fewer contractors available
  • Limited plan selection
  • 1 day to submit a claim
  # 5 Liberty Home Guard
Editorial Rating 96.50
  • $200 off + 1 Month Free + Free Roof Coverage!
  • BBB's Only A+ Accredited Home Warranty Company!
  • Newly designed customer claim portal
  • Smaller company
  • Newer on the market

Home Warranty for Rental Property FAQs

Below are just some of the frequently asked questions we receive about home warranties for rental property.

Q.

Do home warranties cover rental properties?

A.
Yes, if you are the owner of a property, you can get home warranty coverage on that property. It does not have to be a primary residence. A home warranty can be a great way to minimize unexpected expenses when appliances or systems at the rental property malfunction.
Q.

Does American Home Shield cover rentals?

A.
Yes, American Home Shield does cover rentals. Also of interest if you are in the short-term rental business, AHS offers optional coverage for guest units under 750 square feet. 
Q.

Which home warranty offers the best rental coverage?

A.
With the excellent coverage and the option of covering a guest unit, American Home Shield comes out on top in terms of rental properties. They have comprehensive coverage, high coverage limits, and a good reputation for customer service.  

Rental Coverage
Guest Unit Coverage
Choice Home Warranty
 
American Home Shield
Yes
Select Home Warranty
 
Service Plus
Liberty Home Guard
 
Q.

What does a home warranty cover?

A.
Whether you are purchasing a home warranty for a rental or your primary residence, you should know what to expect in terms of coverage.

Here are some of the standard items covered in a home warranty Combo Plan:

Commonly covered appliances:
  • Stove / range / cooktop
  • Refrigerator
  • Clothes washer
  • Clothes dryer
  • Dishwasher
  • Built-in microwave

Commonly covered systems: 
  • HVAC including ductwork
  • Plumbing system
  • Electrical system
  • Water heater

Many providers also include coverage on smaller systems and appliances like doorbells, garage door openers, garbage disposals, and exhaust fans.

For a cost above the standard monthly premium, you can also get add-on coverage.

Common optional coverage:
  • Pool/spa
  • Sump pump
  • Well pump
  • Roof leak
Q.

How do I choose the right home warranty?

A.
Here are the steps to take in choosing the right home warranty for your home and specific needs. 
  • Research. Do the kind of legwork you are doing right now. Is the company available in your state? Do they cover the most important systems and appliances in your rental property?  
  • Get several quotes. Don’t just sign on with the first company you come across. Find out the premium, the specific items covered, and the service call fee from several companies.
  • Read the fine print. Home warranty plans have exclusions, exceptions, and dollar limitations for coverage. Be sure to read the service contract carefully before signing anything and handing over your money.