Home maintenance plans provide peace of mind by covering the cost of repairs for major systems and appliances. However, as your needs change, you may wonder whether to renew, switch, or cancel your plan. Making the right decision depends on factors like cost, service quality, coverage, and personal circumstances.
In this guide, we’ll break down the best times to keep, change, or drop your home maintenance plan—helping you save money while ensuring your home stays in top condition.
1. When Should You Renew Your Home Maintenance Plan?
Renewing your plan is often the easiest choice—but only if it still meets your needs. Here’s when renewal makes sense:
You’re Happy With the Service
If your current provider has been responsive, reliable, and fair with claims, sticking with them avoids the hassle of switching. Consistent quality is worth keeping.
The Pricing Is Competitive
Before renewing, check if the cost has increased. Some companies raise rates annually, so compare prices with competitors like Choice Home Warranty Awards to ensure you’re still getting a good deal.
Automatic Renewal Is Convenient (But Be Cautious!)
Many providers auto-renew policies, which can be helpful—but always review the new terms to avoid surprises. If the coverage has changed or costs have spiked, you may want to reconsider.
You Want to Avoid Coverage Gaps
Letting your plan expire could leave you unprotected when an appliance breaks. Renewing before expiration ensures continuous coverage.
2. When Should You Switch to a Different Provider?
If your current plan isn’t delivering, switching could save you money and frustration. Consider a change if:
The Service Is Poor or Unreliable
Frequent claim denials, slow repairs, or unprofessional technicians are red flags. If your provider isn’t meeting expectations, look for a company with better reviews and faster service.
Prices Have Increased Without Added Value
Some providers hike fees over time. If you’re paying more for the same (or worse) service, compare alternatives.
Coverage No Longer Matches Your Needs
Did you upgrade appliances? Move to a larger home? If your current plan doesn’t cover what you need, switching to a more comprehensive policy could be worthwhile.
Check for Cancellation Fees First
Before jumping ship, review your contract. Some providers charge early termination fees, so factor that into your decision.
3. When Should You Cancel Your Home Maintenance Plan?
Canceling might be the right move in some cases—but be sure you have a backup plan.
You Can Handle Repairs Yourself (Or Have Alternative Help)
If you’re handy or have a trusted handyman, you might save money by self-maintaining. However, major repair (like HVAC or plumbing) can be costly without coverage.
You Need to Cut Expenses
If the budget is tight, canceling could free up cash—but weigh the risks. A single broken water heater or AC unit could cost far more than your annual plan.
The Contract Isn’t Worth It Anymore
Some plans have too many exclusions or high service fees, making them impractical. If you’re paying for coverage you rarely use, canceling may be logical.
Understand the Cancellation Terms
- Is there a fee for early termination?
- Do you need to give 30 days’ notice?
- Will you receive a prorated refund?
Knowing these details helps avoid unexpected charges.
Key Factors to Consider Before Deciding
Before renewing, switching, or canceling, ask yourself:
Cost: Is the plan still affordable? Are there cheaper alternatives?
Coverage: Does it include the systems and appliances I need?
Reliability: Does the provider respond quickly and honor claims?
Contract Flexibility: Are there long-term commitments or steep cancellation fees?
Personal Skill Level: Can I handle repairs myself, or do I need professional help?
Final Thoughts: Making the Best Choice
Deciding whether to renew, switch, or cancel your home maintenance plan ultimately comes down to value, reliability, and your specific needs. If your current provider offers fair pricing, quality service, and sufficient coverage, renewing is likely the best choice. However, if you’re dealing with poor service, rising costs, or inadequate protection, switching to a better plan—or even canceling if you can manage repairs yourself—may be the smarter move.