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365 Home Warranty 2021 Review

A home warranty company is expected to provide its policyholders with coverage on systems and appliances in need of repair or replacement. While there are many providers that follow through with this commitment, there are others like 365 Home Warranty that don’t. Keep reading to learn why 365 shut down and our picks for a dependable home warranty.

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365 Home Warranty’s license to do business in the state of New Jersey was recently revoked and caused by the company’s inability to file annual reporting for two consecutive years. In addition to being banned from operation within New Jersey, the company has effectively gone out of business across the United States, shutting down its website and stopping communication with policyholders.

Though 365 Home Warranty is closed, the company doesn’t reflect the comprehensive and reliable coverage that other home warranty companies offer. The This Old House Reviews Team researched and compared other top home protection providers in the industry to help you find the best home warranty for you and your home.

Top-Rated Alternatives to 365 Home Warranty

With protection from one of these top providers, you’ll receive comprehensive coverage and avoid paying expensive repair bills for broken systems and appliances.

1. American Home Shield

As a veteran with almost 50 years of experience, American Home Shield (AHS) is our top home warranty provider, offering reliable and extensive coverage to its customers.

Here are the benefits and drawbacks of choosing American Home Shield.

AHS Pros & Cons

Pros Cons
Pros Cons
Covers appliances and systems of any age Only guarantees repairs for 30 days
Allows customers to choose from $75, $100, and $125 for their service fee Few options available for add-on coverage
Offers free cancellation within 30 days of signing contract Is not available in Alaska

To receive a free quote from American Home Shield, fill out this form or call 844-529-9298 to speak to a customer service representative.

2. Choice Home Warranty

Choice Home Warranty (CHW) prides itself on its customer satisfaction, offering service 24 hours a day, seven days a week. Choice offers extensive coverage options at a competitive price that many companies can’t match.

Additionally, CHW doesn’t require a home inspection before coverage kicks in and doesn’t consider the age of your appliances and systems before assigning a premium—a rarity in the home warranty industry.

Here are the pros and cons of choosing Choice Home Warranty for coverage.

CHW Pros & Cons

Pros Cons
Pros Cons
Doesn’t require a home inspection before providing coverage Doesn’t allow policyholders to customize their own warranty plan
Provides a 90-day guarantee on all appliance and system repairs Isn’t available in California or Washington
Offers a competitive service fee between $60–$85 Gives customers their first month of coverage for free

Get a free quote from Choice by filling out this form or calling 929-400-6165.

3. Select Home Warranty

Another top home warranty provider is Select Home Warranty. Known for providing free roof leak coverage and having affordable premiums, Select has positioned itself as an affordable and budget-friendly company.

Here are some factors to consider before choosing Select as your provider.

Select Pros & Cons

Pros Cons
Pros Cons
Offers free roof leak coverage to customers Has a $75 cancellation fee
Has low monthly premiums between $36–$38 Doesn’t offer a mobile app for its customers
Offers customer two free months of coverage when they sign up for a plan Has low coverage caps for appliances and systems

To get a free quote from Select, fill out this online form or call 888-370-3956.

Our Conclusion

Even though 365 Home Warranty closed down, there are still plenty of companies that provide affordable and comprehensive coverage that could be a good fit for you and your home. We recommend getting quotes from all three providers listed in this article, so you can compare coverage and pricing and choose a company that best fits your needs.

American Home Shield is our top choice, offering customizable coverage at an affordable rate and demonstrating excellent customer service. It could be a good option for those who want to protect a variety of appliances and systems within their home.

To get a free quote from AHS, fill out this online form or call 844-529-9298 to speak to a customer service representative.

Frequently Asked Questions about Home Warranties

What is a home warranty?

A home warranty provides coverage on your home’s systems and appliances that break down or malfunction due to normal wear and tear. Though this residential service contract isn’t mandatory, we recommend buying one to receive peace of mind if an item unexpectedly breaks down. A home warranty also saves you from paying expensive, out-of-pocket costs associated with appliance and system repairs.

What does a home warranty cover?

A home warranty covers appliances, systems, or a combination of the two. Many companies also allow policyholders to add on optional coverage, like protection for a well pump or pool, to any plan. The most common systems and appliances covered include air conditioning, heating, electrical, plumbing, ductwork, refrigerators, water heaters, built-in microwaves, dishwashers, ovens, clothes washers, clothes dryers, and garbage disposals.

How does a home warranty work?

When you sign up for a home warranty, you’ll typically have to wait 30 days for coverage to take effect. After the 30 days have passed, you’ll be eligible to receive coverage on the items included in your plan.

If a covered item breaks down due to normal wear and tear, you can file a claim and your provider will send a technician to assess the appliance or system in question, usually within 48 hours. Before they leave, you’ll pay a predetermined deductible.

How much does a home warranty cost?

A home warranty costs around $300–$600 a year, with service fee deductibles ranging between $75–$125 per claim.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.