Close Menu
Basic Finance Care
    What's Hot

    Mississauga Real Estate in 2025: A Smart Buyer’s Guide to the City

    June 14, 2025

    Don’t Trade CFDs Without Reading This First: How to Pick the Right Broker

    May 26, 2025

    Swipe Smart: The Business Owner’s Guide to Lowering Card Processing Fees

    May 26, 2025
    Facebook X (Twitter) Instagram
    Basic Finance CareBasic Finance Care
    • Home
    • About Me
    • Hire Me
    • Contact
    • Submit Guest Post
      • Blogs Accepting Guest Posts
    Facebook X (Twitter) Instagram
    Basic Finance Care
    Business

    Are Home Warranty Companies Regulated?

    James PaulBy James PaulJuly 7, 20204 Mins Read
    Home Warranty Companies
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A home warranty company provides coverage services to your home’s appliances and systems, thereby reducing the risk of bearing huge and unexpected out-of-pocket expenses on repairs and component replacements of these home devices. Home warranty companies are therefore very beneficial to homeowners, but if they are left unregulated, they can get out-of-control which is problematic. This post answers your question of “are home warranty companies regulated or not?

    The Beginning Of Home Warranty Regulation

    The 1970s saw a boom in the real estate market, and that was when the home warranties came into being. US residents could now reduce their expensive repairs and replacement expenses with home warranty plans.

    The first company to start the home warranty business was American Home Shield, and they were consequently the largest player for years. As many home warranty companies sprung up, there came a need to oversee these corporate establishments.

    Are Home Warranty Companies Regulated? And by whom?

    The home warranty regulation system varies from state to state. Some states have a governing body to regulate the activities of home warranty companies, whereas others do not. Moreover, different sectors in each state govern the home warranty companies.

    For instance, the Florida Office of Insurance Regulation oversees all Florida home warranty companies as opposed to the Texas regulatory body, which is the Texas Real Estate Commission, regulating home warranty companies in Texas.

    New York home warranty companies are regulated by the Department of Financial Services, whereas the Commissioner of Insurance of Georgia handles home warranty companies in Georgia.

    Finally, there is the National Home Service Contract Association, which is a non-profit organization whose aim is to self-regulate home warranty companies. This organization sets down a code of ethics for home warranty companies to follow, and intervenes to provide guidance in their corporate processes.

    The Downside Of Home Warranty Companies

    Home warranty companies do get entangled in controversies, and this is because the industry is fairly small, with no one yet taking the full initiative to bring them under control.

    This eventually has led to a lot of home warranty companies taking advantage of loopholes, resulting in distasteful customer experiences. Instances like scams, easy money, and assets stripped away, eventually culminate into liquidation.

    How To Bypass The Flaws Of Home Warranty Companies?

    The best way to avoid unscrupulous home warranty companies is to be alert at the start. First, check out their fine print, terms and conditions, and their exclusion list. If the terms and conditions seem unfair, unfavorable, or do not meet your requirements, then drop the home warranty company. Look for another one.

    Another method to get a good home warranty company is to shortlist only the big and reputed ones. It is advisable to opt out of smaller home warranty companies as they lack track records and credibility, therefore making them unreliable.

    When you are researching larger home warranty companies, make sure to go through their online reviews. Read about the various experiences that actual home warranty customers have gone through and make your decision after weighing the pros and the cons. Aggregator websites like HomeWarrantyReviews have a compilation of not just thousands of reviews, but also ratings, rankings, and comparison settings.

    How To File A Complaint Against A Home Warranty Company?

    There are many ways to get your grievances sorted against your home warranty company. If your real estate agent has a good working relationship with the home warranty company, then it is best to settle things through him. You can also address your problems through the Complaint Resolution Program of HomeWarrantyReviews and get them resolved by home warranty professionals as quickly as possible.

    You can also contact the state insurance agency or the state attorney general to sort things out with the insurance commissioners.

    Another drastic option is to file a lawsuit. This will take you to the local magistrate court to file a complaint where you’d have to represent yourself or get the help of a warranty lawyer and gather the letter from the insurance company.

    Conclusion

    The answer to your question: are home warranty companies regulated or not, is that it depends on which state the homeowner is living in. Some states have home warranty companies being regulated by authoritative bodies, whereas others do not. Nonetheless, it is best to be associated with a home warranty company that is properly controlled by a regulatory body.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Why Smart Finance Firms Hire Expert Financial Writers (And You Should, Too!)

    April 29, 2025

    Best Amazon Tricks for Savvy Shoppers to Save Money

    August 20, 2024

    The Significance of Cryptocurrency Lawyers in Dubai

    March 16, 2024
    Latest Posts
    Real Estate

    Mississauga Real Estate in 2025: A Smart Buyer’s Guide to the City

    June 14, 2025

    Ever considered planting roots in one of Canada’s most vibrant and inviting cities? We are…

    Don’t Trade CFDs Without Reading This First: How to Pick the Right Broker

    May 26, 2025

    Swipe Smart: The Business Owner’s Guide to Lowering Card Processing Fees

    May 26, 2025

    Banks Keep Saying No? Try These Easy Tricks to Get Your Personal Loan Approved Fast!

    May 17, 2025

    Day Trading vs. Swing Trading in Forex: Which One Suits You?

    May 16, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Ads
    Wealth Management

    Why Wealth Management Might be the Right Choice for Your Finances

    Debt Consolidation

    Answer To Whether Using Credit Card Is Better Than Debt Relief To Pay Off A Debt

    Personal Finance

    Room by Room: Gathering Extra Cash for Christmas

    Forex Trading

    Choose the Best Meta trader Indicators and Boost Your Profit

    Money Saving Tips

    How to Do Your Taxes Yourself and Save Money

    About Us

    I’ve managed to graduate college free of student loans. My mission is to make people understand importance of money management and take sound financial decisions.

    This blog is my attempt to help to be prudent while dealing with saving, debt, credit, investment, insurance, spending or any financial issue. I am here to make your financial life to be sound and secure.

    If you like the articles posted here and interested to hire me for your content writing projects, feel free to contact me.

    Our Picks

    Mississauga Real Estate in 2025: A Smart Buyer’s Guide to the City

    Don’t Trade CFDs Without Reading This First: How to Pick the Right Broker

    Swipe Smart: The Business Owner’s Guide to Lowering Card Processing Fees

    Picked for You

    What Should You Know About Student Loan Deferments?

    Driving Business Growth Through Mergers & Acquisitions

    Best Advice and Tips for New Stock Market Investors

    Type above and press Enter to search. Press Esc to cancel.