Why are home warranty companies in Florida so popular among homeowners and real estate agents? It’s because the Florida real estate market is flourishing. The ever-shiny state accommodates hoards of retired couples who are eager to spend their golden years in the beautiful weather conditions and relaxed atmosphere. Finding the best home warranty companies in Florida isn’t as easy as it may seem though, as there are more than 100 home warranty companies in the USA and the vast majority of them are happy to accept Florida’s residents.
Do You Plan to Spend Your Golden Years in Florida?
The savviest people buy their Florida residences well in advance, and by the time they retire, they have a nice place to live without worrying about mortgage payments. However, they still need to worry about maintenance, and this is where FL home warranty plans come in handy. This is where we can assist, as we have gathered more than 30 home warranty providers on our website and created this designated page showing the best Florida home warranty selection of companies. To obtain that, we have collected comprehensive information on them from various sources, including FL customer reviews.
The population in Florida is growing rapidly, with more than 20 million people moving to live in the state just in 2016. According to the Census Bureau, Florida is the seventh fastest-growing state in the US. As the population grows, so does the number of homeowners who need to take care of their houses, and accordingly - and the customers of home warranty companies. Maintaining a house is both costly and energy-consuming and many of the Sunshine State's residents prefer to pay no more than dozens of dollars per month to pass this responsibility to an external provider.
More than 6 million people live in the Miami metropolitan area alone. In the Tampa Bay area, there are over 3 million, and the Orlando area is third in the state with almost 2.5 million residents. In total there are more than 20 million residents in Florida, and it is safe to assume at least 10% of them use an FL home warranty service. The top home warranty companies in Florida, as presented on our list, have been serving their customers and keeping them happy for as much as thirty years by now!
According to the study 'Measuring Population Density for Counties in Florida' by Rayer and Wang published in 2014 by Bureau of Economic and Business Research, the most populated counties are Broward, Pinellas, Miami-Dade, Palm Beach, and Orange County with the majority of the population living in the cities and suburbs of Jacksonville, Miami, Tampa, Orlando, and St. Petersburg. These areas, in particular, are also very popular in terms of searching for home warranty companies.
Climate and Geography
Your selection of a home warranty plan in Florida may be influenced by the climate you live in. In the northern and central parts of Florida, the climate is humid subtropical. In terms of a home warranty, it means that your air conditioning unit should be covered first. Among many home warranty companies in Florida, 2-10 Home Buyers Warranty provides the highest coverage cap, up to 25,000 for HVAC repair.
The southern part of the state has a tropical climate with many thunderstorms. This condition may influence the work of your electrical system. Frequent power outages may contribute to the wear and tear of your home appliances. The Premier plan from First American Home Buyers Protection will take care of both your electrical system and appliances.
Who Needs a Home Warranty in Florida?
For many home warranty companies, Florida provides thriving conditions. The vast majority of all service providers offer their services to the state residents, which is more than in any other state. A home warranty in Florida is a fairly common way for homeowners to save money on house repairs. For about a dollar a day, you can get basic coverage from reputable companies such as Choice Home Warranty. It will include the air conditioner, the electrical and heating system, water heater, plumbing stoppage, a number of kitchen appliances, and a whirlpool bathtub.
Almost 70% of Florida citizens prefer to live in single-family houses, and about 65% own their homes. Many homeowners take good care of their dwellings, but as the homes get older, they need better care. The median age of houses in this state is about 12 years, which means that a manufacturer's warranty for most home systems and appliances has expired, and now a home warranty is a must-have.
Can You Cover Appliances Only Under a Home Warranty Plan?
For many people, buying a home warranty means a big spend, or that they have someone already taking care of their home systems. Hence, they only require a home warranty plan that would be essentially appliance insurance. Is that doable?
The short answer is yes. For those homeowners who prefer to cover appliances only, Select Home Warranty, which is one of the best home warranty Florida list, has the Bronze Plan that includes washer and dryer, refrigerator, oven, dishwasher, and built-in microwave. Some companies, like American Home Shield, allow custom-built home warranty plans that may include only those home appliances that you choose. Additionally, almost every Florida home warranty company offers add-on options. It means you can add more home appliances to your plan from the list provided by the company. These additional items are priced a la carte, so the final price may be higher than purchasing a plan.
Alternatively, there are home warranty companies in Florida that offer systems plans only. For those homeowners who prefer to replace their appliances with newer models instead of repairing them, a systems plan will be a good solution.
Are There Separate Home Warranties For Home Buyers and Home Sellers?
Some home warranty companies, such as Home Security of America, offer coverage not only to homeowners or homebuyers but also to home sellers. Home sellers buy a home warranty to increase the value of their homes, and to save money in case something breaks while the house is on the market.
Many home buyers prefer a warranty to already be in place. In many cases, it can be transferred from the previous owner and continue to cover home systems and appliances for one year. If the new owner likes this particular home warranty plan, it can be extended for the next year, or they can upgrade the plan for more comprehensive coverage. In some cases, real estate agents offer one-year coverage as a gift to their clients.
Many first-time homebuyers prefer to purchase basic home warranty plans that only cover a limited number of home systems and appliances. Once they have a feel of how home warranties work, the majority of homeowners switch to more comprehensive plans. First American Home Warranty, for example, offers a great combo plan that includes all major home systems and a variety of appliances, from refrigerator and washer to attic fans and water dispenser.
Are Home Warranties For Single-Family Homes Only?
Many home warranty companies in Florida, including Total Home Protection, offer plans not only for single-family homes but also for townhomes, condos, and even mobile homes. With these, residents of any type of property can have peace of mind by insuring their dwellings with a home warranty.
It is recommended that you will read through these Florida home warranty reviews of the companies and the Advertiser Disclosure listed on this page to learn whether the services offered are apt for your needs and requirements.
As a Florida resident, you are lucky to have a big selection of home warranty companies that offer various plans and on top of that cover additional items, such as extra refrigerators, central vacuum, sprinkler systems, roof leaks, swimming pool, and spa.
Home warranty regulations in Florida
Before you sign a contract with a home warranty company, you need to make sure that it legally operates in your state. All the home warranty companies in Florida are regulated by the Office of Insurance Regulations (OIR). However, the rate charged for the contract is not subject to regulation by the OIR. To learn more about how home warranties are regulated in the USA view our regulation analysis page.
Final Words About Florida's Home Warranty Market
Florida is one of the best places to live in the United States, and many citizens prefer to retire in this state. Some of them purchase their property in advance and buy a home warranty service to cover the repairs and replacements of home systems and appliances that may occur.
There are dozens of home warranty companies in Florida which are readily available to accept clients from every region of FL, which offer a variety of plans based on the type of property, age of systems and appliances in it, and level of coverage desired from the customer. This allows residents in single-family homes, townhomes, and condos to save money on costly repairs and replacements of kitchen and laundry appliances as well as air conditioning, plumbing, electrical, and other systems. Most companies even offer coverage for swimming pools and whirlpools, a common feature for Florida homes.
Are Pool Warranties Effective?
If you live in Florida, it is highly likely that you own a pool. In Coral Springs, Fl, 66% of the homeowners have installed a swimming pool in their backyard. Did you know that the pool maintenance can cost you as much as $240 per month, while a home warranty for your pool starts at $100 per year? Learn more about our comprehensive Pool Ownership & Warranties research!