There are several steps to deciding the best home warranty for your condo. First, determine what appliances and systems in your condo you are responsible for should a problem occur. Once you begin researching companies, you’ll want to consider which providers offer policies and plans to suit your needs. You’ll also want to make sure that you are in a company’s service area and that you can afford the monthly rate and any service fees. Be on the lookout for home warranty companies that offer perks like workmanship guarantees, discounts and other extra services.
Policies and Plans
One of the most important factors to consider is the various policies and plans that a home warranty company may offer. Most home warranty companies, including those reviewed above, offer a fully comprehensive plan to cover everything from your refrigerator to your HVAC system. They also offer simplified plans, which allow you to receive more specific coverage for your home. The latter may be more appropriate for a condo owner who may not need to cover their own HVAC system but will be looking for significant coverage of appliances.
Service Area
Another important consideration is making sure any home warranty companies you consider actually offer coverage in your service area. Four of the five companies we reviewed above are nationwide, barring a few states, while one only has coverage in 37 states.
Service Fee and Monthly Rate
When customers file a claim with a home warranty company, the company will charge an initial service fee regardless of the cause of the claim. This cost covers the technician’s initial visit to your home. Home warranty companies also charge a monthly rate, which can differ depending on your policy’s level of coverage. We recommend researching at least three companies to find the best home warranty price for you and your home—preferably many more.
Workmanship Guarantee
Most home warranty companies will offer a workmanship guarantee. These guarantee the quality of repair work to last for a certain period of time. While the time period could be as little as a month, most companies offer guarantees for 60 to 90 days. Generally speaking, a good workmanship guarantee often indicates a company’s commitment to providing high quality, professional service.
Discounts and Other Perks
One final decision-making factor is whether the home warranty companies you consider offer any discounts or other perks. Some companies offer discounts for veterans or for seniors, while others run special limited promotions. Many home warranty companies offer discounts on coverage of certain appliances or certain appliance brands.
Find the top ranked home warranty company in your area
Home warranties can protect you against unexpected expenses. Click on your state today to find out more.
Get Started