Who Owns American Home Shield? Discover the Current Owner
✅American Home Shield is owned by Frontdoor, Inc., a leading provider of home service plans that offers peace of mind to homeowners.
American Home Shield is currently owned by Frontdoor, Inc. Founded in 1971, American Home Shield has become one of the largest home warranty companies in the United States, offering comprehensive home warranty coverage to millions of homeowners. The company was acquired by Frontdoor, Inc., a leading provider of home service plans, in 2018. Frontdoor, Inc. is a publicly traded company listed on the NASDAQ under the ticker symbol FTDR.
Understanding the ownership of American Home Shield is crucial for consumers who are considering purchasing a home warranty plan from the company. Knowing who owns the company can provide insights into its financial stability, reputation, and overall reliability. In the following sections, we will delve deeper into the history of Frontdoor, Inc., its financial performance, and what it means for American Home Shield and its customers.
History of Frontdoor, Inc.
Frontdoor, Inc. was established in 2018 as a spin-off from ServiceMaster, a company with a long history in the home services industry. The spin-off allowed Frontdoor to focus exclusively on providing home service plans and expanding its portfolio of brands, including American Home Shield, HSA Home Warranty, Landmark Home Warranty, and OneGuard Home Warranty.
Financial Performance
As of the most recent financial reports, Frontdoor, Inc. has shown strong financial performance with revenues exceeding $1.6 billion annually. The company has continually invested in technology and customer service improvements, which has helped maintain its position as a leader in the home warranty industry. Here are some key financial metrics:
- Revenue: Over $1.6 billion annually
- Net Income: Approximately $100 million annually
- Market Capitalization: Around $2.4 billion
Impact on American Home Shield
The acquisition by Frontdoor, Inc. has had a positive impact on American Home Shield. With the backing of a financially robust parent company, American Home Shield has been able to enhance its service offerings, improve customer service, and expand its market presence. This stability is reassuring for customers who rely on their home warranty plans to cover unexpected home repairs and maintenance.
Customer Service Improvements
One of the significant benefits of being owned by Frontdoor, Inc. is the investment in customer service. Frontdoor has implemented several initiatives to improve customer satisfaction, including:
- Enhanced digital platforms for easier claim submissions
- 24/7 customer support
- Expanded network of qualified service technicians
- Faster response times for service requests
These improvements have contributed to higher customer satisfaction ratings and a more reliable service experience for American Home Shield customers.
Service Plan Options
Under Frontdoor’s ownership, American Home Shield has expanded its range of service plans to cater to different homeowner needs. The plans are designed to cover major home systems and appliances, offering peace of mind and financial protection against costly repairs. Some popular service plans include:
- ShieldSilver™: Covers essential home systems such as plumbing, electrical, and heating.
- ShieldGold™: Includes everything in ShieldSilver™ plus coverage for kitchen and laundry appliances.
- ShieldPlatinum™: Provides the most comprehensive coverage, including roof leak repair and higher coverage limits.
Each plan can be customized with optional add-ons to cover additional items like pools, spas, and well pumps, allowing homeowners to tailor their coverage to their specific needs.
Historia y evolución de American Home Shield desde su fundación
History and Evolution of American Home Shield since its Foundation
American Home Shield has a rich history that dates back to its founding year. Let’s delve into the journey of this renowned company and explore how it has evolved over the years.
The Early Years
Founded in 1971, American Home Shield pioneered the concept of home warranty plans in the United States. The company aimed to provide homeowners with peace of mind by offering coverage for household systems and appliances that were not typically included in standard homeowners insurance.
Initially, American Home Shield focused on providing coverage for heating, plumbing, electrical systems, and appliances such as refrigerators, ovens, and washers.
Expansion and Innovation
As the demand for home warranties grew, American Home Shield expanded its coverage options and services. The company introduced innovative plans that catered to the diverse needs of homeowners, including comprehensive coverage for HVAC systems, pool and spa equipment, and even roof leaks.
Moreover, American Home Shield embraced technology to enhance customer experience. The company developed user-friendly platforms and mobile apps that allowed customers to easily request service, track claims, and access valuable resources.
Current Ownership
Over the years, American Home Shield has changed ownership multiple times. As of 2021, the company is owned by Frontdoor, Inc., a leading provider of home service plans. This acquisition has further strengthened American Home Shield’s position in the industry and enabled it to offer an even wider range of services to homeowners.
Under the ownership of Frontdoor, Inc., American Home Shield continues to uphold its legacy of reliability, quality service, and customer satisfaction. The company remains a trusted name in the home warranty sector, providing millions of homeowners across the United States with peace of mind and protection for their valuable investments.
Principales servicios y coberturas ofrecidos por American Home Shield
When it comes to home warranties, American Home Shield is a leading provider known for its comprehensive coverage and reliable services. Let’s delve into some of the key services and coverages offered by American Home Shield:
1. Appliance Plan:
The appliance plan from American Home Shield covers essential home appliances such as refrigerators, dishwashers, ovens, and more. This plan is ideal for homeowners looking to protect their appliances from unexpected breakdowns.
2. Systems Plan:
The systems plan focuses on critical systems in your home, including HVAC, electrical, and plumbing systems. With this coverage, you can rest assured that major systems are protected, saving you from costly repairs.
3. Combo Plan:
For comprehensive coverage, the combo plan combines the benefits of the appliance and systems plans. This all-inclusive option provides extensive coverage for both appliances and home systems, giving homeowners peace of mind.
4. Build Your Own Plan:
A unique feature of American Home Shield is the Build Your Own Plan option, allowing homeowners to customize their coverage based on individual needs. This flexibility ensures that you only pay for the coverage you truly need.
Whether you are a new homeowner or looking to switch to a more reliable home warranty provider, American Home Shield offers a range of services and coverages to meet your specific needs. With their dedication to customer satisfaction and years of experience in the industry, American Home Shield remains a top choice for homeowners across the country.
Frequently Asked Questions
Who currently owns American Home Shield?
American Home Shield is currently owned by Frontdoor, Inc.
When was American Home Shield founded?
American Home Shield was founded in 1971.
What services does American Home Shield offer?
American Home Shield offers home warranty plans that cover the repair or replacement of major home systems and appliances.
Is American Home Shield available nationwide?
Yes, American Home Shield provides coverage in all 50 states.
How can I contact American Home Shield for customer support?
You can contact American Home Shield customer service by phone at 888-682-1043 or through their website.
Does American Home Shield offer customizable plans?
Yes, American Home Shield offers customizable plans to fit individual homeowner needs.
- American Home Shield is owned by Frontdoor, Inc.
- Founded in 1971.
- Offers home warranty plans.
- Available nationwide.
- Provides customer support via phone and website.
- Customizable plans are available.
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