LifeTime Home Warranty
Homeownership is one of the largest components of the American dream. When you have your own house, you are in charge of decorating it, hosting events, and having your slice of real estate, which can help you build generational wealth. Home care and maintenance are some of the responsibilities that come from owning a home. Small repairs like changing a lightbulb and large repairs such as installing a new roof fall on the homeowner’s shoulders. Since there are so many facets that go into home maintenance, it can be easy to spend thousands of dollars upgrading and replacing fixtures and systems. Thankfully, home warranties soften the blow and cover many large expenses as long as you work with a reputable company and have a thorough inspection of your property. Today, we will look at LifeTime Home Warranty, what they provide, and help you decide if they are a good fit for you and your home.
- FREE Roof Leak Coverage
- $200 OFF discount
- 2 FREE Months
PROs
- 24/7 service requests and customer support
- Affordable plans for budget-conscious homeowners
- High coverage limits
CONs
- Only two different plans to choose from
Home Warranties
Home warranties are similar to many other warranties because you pay an upfront fee for a specified amount of coverage over a set time period.
Some home warranties last one year, while others offer multi-year plans so you can lock in a lower rate for the same amount of protection.
Warranty providers generally work with a variety of home service providers such as plumbers, electricians, and HVAC specialists that they direct claims to. For example, if you have a leaky pipe covered under a home warranty, the warranty company already has a plumber in place who will come to service your home once they receive the claim.
Most home warranties cover repairs to major appliances such as stoves, refrigerators, and water heaters. More robust warranties cover more expensive repairs such as garage doors, HVAC, plumbing, and more. However, before you purchase a home warranty, be sure to read any fine print, so you know exactly what you are getting.
You do not want your heat to go out in the middle of winter only to find out that your warranty will not pay for it.
Back to top ↑LifeTime Home Warranty Plans
LifeTime home warranty offers two extensive home warranty plans, along with a litany of add-ons depending on how your home is structured and if you need excess coverage.
They offer comprehensive coverage and an affordable service fee for when a service provider comes to your house to fulfill a claim.
If you need to file a claim with LifeTime Home Warranty, you can do so online or over the phone, and one of your dedicated representatives will assist you 24/7. After you file a claim, they will put you in touch with a local technician who will come out to your home.
Once the technician arrives, they will repair and/or replace all covered items for a minimal service fee which averages $75 per call.
Basic Plan
The basic plan is suitable for newer homes because it covers most small and medium-sized repairs and appliances. However, it does not cover HVAC or laundry systems, so be sure that those features have their own warranties and that you budget for any necessary repairs.
According to LifeTime Home Warranty, the Basic Plan covers:
- Plumbing System
- Plumbing Stoppage
- Water Heater
- Whirlpool Bathtub
- Electrical System
- Oven/Range/Stove
- Cooktop
- Sump Pump (perm. install)
- Built-in Microwave
- Dishwasher
- Garbage Disposal
- Trash Compactor
- Ductwork
- Garage Door Opener
- Ceiling Exhaust Fans
Since most newer homes can benefit from this plan, it is the most affordable option that still provides a great deal of coverage.
Be sure to outline potential repair costs and check your appliances’ age and condition before purchasing a warranty.
Total Plan
Older homes and homeowners who do not want to pay thousands out of pocket for repairs will enjoy the Total Plan because it covers everything the basic plan covers and more.
Since the total plan covers more, it will have a higher annual premium, but it will more than pay for the premium if one major appliance needs a repair.
Here is the full list of coverage provided by the Total Plan according to LifeTime Home Warranty:
- Air Conditioning System
- Heating System(2 units)
- Refrigerator
- Clothes Washer
- Clothes Dryer
- Plumbing System
- Plumbing Stoppage
- Water Heater
- Whirlpool Bathtub
- Electrical System
- Oven/Range/Stove
- Cooktop
- Sump Pump (perm. install)
- Built-in Microwave
- Dishwasher
- Garbage Disposal
- Trash Compactor
- Ductwork
- Garage Door Opener
- Ceiling Exhaust Fans
Since the Total Plan covers both heating and air conditioning, most homeowners are a strong contender due to the extreme expense associated with repairing and replacing these appliances.
Add-Ons
Some homeowners have custom features in their homes, such as pools and septic systems that are not covered by the Total or Basic Plans.
Thankfully, LifeTime Home Warranty offers a generous list of add-ons, including:
- Pool/Spa
- 2nd Oven/Range/Stove/Cooktop
- Limited Roof Leak
- Guest House
- Sprinkler System
- Well Pump
- Septic System
- Septic Pumping
- 2nd Refrigerator
- Stand Alone Freezer
- 2nd Washer/Dryer
- Refrigerator Ice Maker
- Free Standing Ice Maker
- Rekeying Service
- Sump Pump
- Wine Cooler
- Water Softener
Since these add-ons are a la carte, you won’t need to worry about paying for more coverage than you need.
Back to top ↑How To Get A Warranty From LifeTime Home Warranty
If you want to purchase a warranty from LifeTime Home Warranty, the process is very straightforward.
You can apply for the Basic Plan, Total Plan, or any Add-Ons directly from their website. You start by filling out a simple application detailing your personal information, location, and some basic information about your home.
Once you submit these details, you will be put in touch with a representative who will help you finish your application.
Finally, once you have your warranty, you will have coverage up to the stated limits and won’t have to worry about out-of-pocket expenses aside from service fees.
Back to top ↑Final Thoughts
Homeowners, home buyers, home sellers, brokers, and realtors can all benefit from home warranties.
Home warranties increase the property value because there will be coverage for damages and repairs that won’t cost any party extra cash out of pocket aside from the service fee.
If you have any questions, please check out our guides and other reviews to find the best home warranty for you!
Back to top ↑*The services and offers may not be available in all states and territories.
*Any opinions, analyses, reviews, or recommendations expressed here are those of the author alone and do not constitute professional or expert advice.
