Best 6 Home Warranty Companies in Schaumburg, IL
- Fact Checked
- Updated 2024-06-22 00:00:00
If you're an Illinois homeowner, you know the importance of reliable heating and cooling. From hot, humid summer days to windy winter nights, a working HVAC system is essential. But when a system or appliance fails, repairs can be expensive.
That's where a home warranty comes in. Home warranties can cover major systems and appliances, guarding your bank account against unexpected expenses. Luckily, we've compiled a list of the top home warranty companies in Schaumburg, Illinois.
Ratings are based on our detailed proprietary methodology and review standards.
- Holds high ratings among customer service reviews
- Covers repairs with a 60-day workmanship guarantee
- Offers an extensive list of 30+ add-on coverages
- Provides an easy claims process
Ratings are based on our detailed proprietary methodology and review standards.
- Offers generous coverage caps
- Allows customers to build their own plans
- Provides the option to choose the service fee you want to pay
- Features broad coverage on up to 33 appliances and systems
Ratings are based on our detailed proprietary methodology and review standards.
- Provides low service fees compared to other home warranty providers
- Includes two extra months of coverage in annual signup
- Has an appliance-only, systems-only, and combo plan option
6 Best Home Warranty Companies in Schaumburg
Brands are algorithmically curated from a database of local service providers near you. We require a minimum number of Google reviews and average ratings for provider inclusion.
American Home Shield
Ratings are based on our detailed proprietary methodology and review standards.
Pros
- Offers generous coverage caps
- Allows customers to build their own plans
- Provides the option to choose the service fee you want to pay
- Features broad coverage on up to 33 appliances and systems
Cons
- Doesn’t let customers choose their own technician
- Offers limited add-on options
52 Years in Business
BBB Rating:B
Liberty Home Guard
Ratings are based on our detailed proprietary methodology and review standards.
Pros
- Holds high ratings among customer service reviews
- Covers repairs with a 60-day workmanship guarantee
- Offers an extensive list of 30+ add-on coverages
- Provides an easy claims process
Cons
- Lacks transparency on service call fee pricing
- Excludes coverage for known or unknown pre-existing conditions
6 Years in Business
BBB Rating:A+
Select Home Warranty
Ratings are based on our detailed proprietary methodology and review standards.
Pros
- Provides low service fees compared to other home warranty providers
- Includes two extra months of coverage in annual signup
- Has an appliance-only, systems-only, and combo plan option
Cons
- Has a $75 cancellation fee
- Low coverage caps
11 Years in Business
BBB Rating:B-
AFC Home Warranty
Ratings are based on our detailed proprietary methodology and review standards.
Pros
- Provides an unlimited workmanship guarantee
- Offers generous appliance coverage limits
- Allows you to choose your own contractor
Cons
- Limits coverage limits for older items based on depreciated value
- Requires you to file a claim immediately after discovering an issue
14 Years in Business
BBB Rating:B
Cinch Home Services
Ratings are based on our detailed proprietary methodology and review standards.
Pros
- Offers home insurance deductible of $500
- Extends a long 180-day workmanship guarantee
- Provides generous $10,000 aggregate coverage limit
Cons
- Charges high service fees of $75-$150
- Doesn’t allow customers to choose their own technician
- Isn’t available in Hawaii or Alaska
45 Years in Business
BBB Rating:B
2-10 Home Buyers Warranty
Ratings are based on our detailed proprietary methodology and review standards.
Pros
- Offers a $25,000 annual coverage cap
- Pairs plans with a plan-length workmanship guarantee
- Offers unique perks such as color matching appliance replacements
Cons
- Charges a monthly processing fee if you choose monthly premiums
- Excludes washer and dryer coverage from most plans
39 Years in Business
BBB Rating:A-
BBB ratings are accurate as of August 2023. Cost figures are based on information available on provider websites and are accurate as of August 2023. Request a quote from each company to see prices in your area.
Facts about Schaumburg
- Average Max Temperature:57°F
- Average Min Temperature:41°F
- Average Annual Snowfall:35.8”
- Homeownership Rate:57%
- Median Home Size:2,100 sqft
- Median Home Price:$302,999
Are Home Warranties Worth It for Schaumburg Residents?
Yes, home warranties are valuable for Schaumburg residents. Summers in Schaumburg can get hot, which makes it important to have a reliable air conditioner. However, this system can malfunction over time due to breakdowns from regular wear and tear.
Schaumburg also has cold winters, meaning your heating system is working constantly during the colder months. The cost of an HVAC system replacement can range anywhere from $2,500–$8,000. Home warranties, on the other hand, come in at only $644–$737 per year, based on 120 quotes we received from home warranty companies nationwide.
The regular rain in Schaumburg can damage your home's roof. Some home warranty providers offer limited roof-leak coverage, which can mitigate the cost of roof repair.
Lastly, a home warranty connects you with service providers you can trust. A reputable home warranty is a good investment because companies vet their technicians. If you don't have time to do the research yourself, your home warranty company can ensure that someone reliable will handle your problem.
What To Consider Before Choosing a Home Warranty Company
Consider these important factors when selecting the right home warranty plan for you.
Cost
After getting 120 quotes for a 2,000-square-foot, single-family home, we determined that home warranties cost approximately $53–$62 monthly. Additionally, you'll pay a service call fee each time you file a claim. Service call fees typically range from $65–$125 per claim. Basic home warranty plans are typically more affordable than comprehensive ones. A home systems coverage plan will usually cost more than an appliance plan. Many plans have add-on coverage options, but this will increase your monthly cost, so make sure you know what you need before purchasing a plan.
Coverage
You can look for a home warranty plan that covers specific systems and appliances. Decide whether you need coverage for major systems (like heating), specific appliances, or for both. Then ask your provider what its options are 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
Generally, home warranties only cover damage from normal wear and tear. They don't cover preexisting conditions or improper installation. Generally, cosmetic issues or appliance components, routine maintenance, theft, or defects aren't covered either. Providers outline limitations and exclusions within their service contracts. Make sure you read yours carefully to fully understand the terms and conditions of your plan.
Provider Reputation
Look into a provider's reputation before choosing a plan. Check its Better Business Bureau rating. You can also read customer reviews on sites like Google Reviews, Best Company, and Trustpilot. Reading these reviews gives you an idea of how providers handle customer service and claims. Check with the Illinois Attorney General to verify that a provider holds a license with the state.
Contractor Network
Take into account a home warranty company's network of service providers. Your company should always send licensed and registered contractors to fulfill service requests. Make sure you ask where and how a company sources its technicians. We recommend picking a provider that mentions the names of familiar service contractors. Those residing in rural areas should consider a home warranty policy that lets them choose their technician. In-network service providers may not be available in your area, so you'll need the option to source your own.
Frequently Asked Questions about Home Warranty in Schaumburg
No, home warranties are not required in Schaumburg. However, we still recommend purchasing a home warranty to help you maintain a budget for covering expensive appliance and system breakdowns. Home warranty providers also save you time by sourcing reputable technicians themselves.
Preexisting conditions are breakdowns or issues that a home system or appliance experienced before coverage began. Many providers don't cover preexisting conditions. You should purchase a home warranty policy when all your appliances and systems still work for complete protection.
Schaumburg's best home warranty provider depends on what you're looking for. American Home Shield is a good choice for comprehensive coverage limits. You may also consider Liberty Home Guard if you need unique coverage.
Yes, home warranties cover many types of home items aside from common appliances and systems. For example, home warranties cover stand-alone freezers, septic systems, sump pumps, well pumps, pools and spas, and more. Providers usually cover these items as add-ons. Check with your provider to see what add-ons are available.
Home warranty policies usually don't cover items that are already broken. Therefore, most home warranty providers have a waiting period of 30 days before the start of coverage to ensure system and appliance breakdowns are from normal wear and tear, not preexisting conditions.
A home warranty plan only covers home systems and appliances that need repairing and replacing due to normal wear and tear. Homeowners insurance, on the other hand, provides coverage for your home for damage from disasters like fires, accidents, and property losses.
To maximize the value of your home warranty in Schaumburg, read the contract thoroughly to know what is and isn't covered. Additionally, keep up with regular maintenance for your home appliances and systems. This helps reduce the chance of a coverage dispute if one has a breakdown.
More Home Warranty Resources
Sources
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