Best 6 Home Warranty Companies in Memphis, TN

Are Home Warranties Worth It for Memphis Residents?

Yes, home warranties are worth it for Memphis residents. Memphis summers are very hot, which makes it very important for your air conditioner to work properly. However, this system can malfunction over time from heavy use.

Winters in Memphis are fairly mild, but there will still be days when you rely on your heating. HVAC system replacement can cost from $2,500 to $8,000. Home warranties, on the other hand, run about $644–$737 per year, based on 120 quotes we requested from home warranty companies nationwide.

Memphis' heavy rain can also affect your home's roof. Some home warranty providers offer limited roof-leak protection to financially assist with repair. Lastly, home warranties connect you with trustworthy service providers.

When life is keeping you busy, you want to know that a reliable technician is handling your repairs. Reputable home warranty companies vet all their service providers.

What To Consider Before Choosing a Home Warranty Company

These important factors can help you determine the right home warranty plan for your needs.

Cost

After getting 120 quotes for a 2,000-square-foot, single-family home, we determined that home warranties cost roughly $53–$62 per month. Additionally, you'll pay a service call fee each time you file a claim. These fees range from $65–$125 per claim. Basic home warranty plans tend to be more affordable than comprehensive ones. Appliance plans are typically less costly than home systems coverage plans. Most plans offer add-on coverage options for an additional monthly fee. Consider your particular needs before choosing a plan.

Coverage

You can often find home warranty plans that cover specific systems and appliances. Decide whether you want coverage for major systems (like air conditioning), specific appliances, or both. Then ask your provider about its options for customized coverage. Here is a list of common systems coverage:

• Air conditioner
• Central vacuum
• Ductwork
• Electrical
• Heating
• Plumbing
• Water heater

• Built-in microwaves
• Clothes washers and dryers
• Dishwashers
• Garbage disposals
• Ovens
• Refrigerators
• Stovetops

Exclusions

Most home warranties only cover normal wear and tear. They don't cover improper installation or preexisting conditions. In addition, home warranties don't cover cosmetic issues or appliance components, routine maintenance, theft, or defects. You can read about your provider's exclusions and limitations in your service contract. Be sure to read the contract carefully to understand your plan's terms and conditions.

Provider Reputation

Also, consider provider reputation. You can also read customer reviews on sites like Trustpilot, Google Reviews, and Best Company. Ratings and reviews can show you how a company handles customer service and claims. Check with the Tennessee Division of Consumer Affairs to verify that a provider holds a valid state license.

Contractor Network

Consider a home warranty company's network of service providers. Be sure to ask your company how and where it sources technicians. A reputable company should use licensed and registered contractors to fulfill service requests. If you can, use a provider that mentions service contractors you're familiar with. Rural homeowners may prefer home warranty policies that allow customers to choose their technicians. There may not be any in-network service providers in these areas, and you'll want the option to choose your own.