A home warranty in Maryland is a must-have for those homeowners who would like to avoid any unexpected repair and replacement costs of their home systems and appliances. ReviewHomeWarranties.com collected and analyzed reviews for the best home warranty companies in Maryland that will satisfy all of your needs for home warranty coverage.
Who Needs a Home Warranty in Maryland?
Maryland is one of the smallest states in the US, yet it is one of the most densely populated. There are more than six million citizens, which makes Maryland the 19th most populated state in the USA, There are almost 595 people per square mile in Maryland, making it the 5th most densely populated state. Almost 67% of those people are homeowners, which means that home warranty Maryland companies are in high demand. Although it is lower than in Texas, California, or some other U.S states, Maryland is still one of the top 10 consumers of home warranties based on search data from Google Keyword Planner.
Maryland real estate market is pretty well-developed. The mean year of the house built in this state is 1976. This means that the majority of the houses need comprehensive home warranty coverage for both home systems and appliances. Maryland residents prefer to live in spacious houses with 6.2 rooms on average. The median monthly maintenance cost for these houses is around $582, which is comparable to the cost of a yearly home warranty contract.
The best home warranty companies for Maryland residents
According to Census Bureau data, the population in Maryland has grown significantly over the past 10 years. As the real estate market recovers, more and more families are moving into their houses every year and protecting them with the best home warranties in Maryland. Choice Home Warranty is one of the most popular companies in this state. Many homeowners select it for comprehensive coverage and reasonable pricing.
Many new homeowners in Maryland settle around the big cities, like Baltimore and Annapolis, and in smaller cities closer to Washington, D.C., like Bethesda and Potomac. The center of population in Maryland in Jessup, on the county line between Anne Arundel County and Howard County.
CNN Money lists Potomac, Maryland, as the most affluent town in the United States based on median household income. These households are considered to be the wealthiest in the country. They select the best home warranty plans that cover multiple air conditioning and heating units and the maximum number of kitchen appliances.
The best home warranty plans for Maryland residents
These plans are not as expensive as one might think. Basic plans in companies like Total Home Protection costs around $30 a month. They include plumbing and electrical systems, and a full range of kitchen appliances, from refrigerators to exhaust fans.
More comprehensive plans are available for homeowners who prefer to have peace of mind by purchasing a home warranty for the most essential home systems and appliances. The Gold Plan from America’s First Choice Home Club, for example, will cost $550 a year, which is about $46 a month or $1.50 a day. It includes air conditioning, heating, electrical and plumbing systems, as well as kitchen and laundry appliances.
Be sure to read through additional Maryland home warranty reviews on this page to learn the ins and outs of each company's coverage. They do tend to be tricky - and this is precisely why we have listed what each plan by each company contains.
What Factors Should be Considered Before Purchasing a Home Warranty?
For those homeowners who plan to purchase a home warranty in the near future, one of the major factors to be considered is the climate. This may have a big influence on the normal wear and tear of home systems and appliances.
Climate in Maryland
The climate in Maryland is typical of the East Coast. The summers are hot and humid, requiring lots of air conditioning. Winters are mostly mild to cool, but heating systems should always be in working condition. What does this mean in terms of a home warranty?
The best home warranty for Maryland residents provided by companies like Select Home Warranty, for example, would cover all major home systems, including heating and air conditioning, plumbing, and electrical systems.
High precipitation, up to 45 inches a year, resulting in high humidity, can lead to malfunctions in kitchen and laundry appliances. These can and should be covered by home warranty plans for mechanical failure during normal operation. One of the best home warranty companies that offers a special plan for appliances is American Home Guard. For $530 a year, the company’s White plan will cover all major kitchen and laundry appliances.
Looking for the Best Home Appliance Insurance? - Read Our Research
Once you purchase a home appliance, there is usually a manufacturers warranty that comes with it. However, once it is expired in 1 to 5 years, is it better to extend it or to purchase a home warranty? Did you know that there are almost 50 home warranty companies on the market that offer coverage for your appliances, such as washer and dryer, refrigerator, oven, microwave, and dishwasher? ReviewHomeWarranties research team has compared home appliance warranty to the appliance extended warranty. Click the button below to see the results!
Freezing temperatures below -10°F are rare, but homeowners should still keep in mind that damage caused by frost is not covered in many cases.
Location of your house
Another important factor that needs to be considered while choosing a home warranty is the one that real estate agents value most: the location of the house.
Its location near the Atlantic coast makes Maryland prone to tropical cyclones and hurricanes. While it is important to have home insurance that would cover damage caused by natural disasters, it is equally important to keep the electrical system, plumbing, and sewage in good working condition. This is where a home warranty in Maryland comes in handy. The home warranty plans do not cover damage from natural sources. They cover repairs and replace parts that malfunction due to normal wear and tear.
Some home warranty companies, such as Advanced Home Warranty, offer optional coverage for sump pumps. This is highly recommended for houses located in flood zones, or down the hills where the groundwater comes close to the surface.
Age of your house
As a rule, the older your house is, the more comprehensive you want your home warranty to be. In Maryland, the median year when the houses were built is 1976. In case you live in a house built 40 years ago or older, your best decision will be to purchase a Premier plan from the companies like Pride Home Warranty that offers coverage for both home systems and major kitchen and laundry appliances.
Are Home Warranties Regulated in Maryland?
It is always important to know whether the operation of home warranty companies in Maryland is regulated, and which authorities control them. According to the Department of Labor, Licensing and Regulation, home warranties are covered by the Maryland Service Contracts and Consumer Products Guaranty Act, which is found in Title 14 of the Commercial Law Article of the Annotated Code of Maryland. This Act requires the companies to disclose information about their services but does not enforce the warranties due to limited authorities.
What does it mean for the consumers? Usually, it means that home warranties in Maryland are only as good as the company that issues them so if the business closes, most consumers are left without a way to enforce the warranty.
Final Words About Home Warranties in Maryland
Home warranty in Maryland is available to real estate agents, home sellers, and home buyers. Real estate agents protect their business and real estate transactions, home sellers attract more customers by offering them one-year warranty coverage, and home buyers keep the cost of home systems repairs and appliance replacements under control.
Finding the best home warranty companies in Maryland may be not an easy task. We did our best to collect all of the necessary information on each company, including consumer reports, and present it to you here.