Best 4 Home Warranty Companies For Condos (2021)

As a condo owner, you were likely directed to choose a homeowners insurance plan before you closed on your property. With a condo insurance policy, you will get protection on your contents and the interior of your condo. However, there are still gaps in the coverage that your condo homeowners insurance policy will not cover.

This is where a home warranty for a condo comes into play. Condo owners that are new to the world of home warranties are in the right place. We have broken down exactly what is involved in qualifying for and purchasing a home warranty for a condo. In this guide you’ll find the following:

  • The best condo home warranty policies on the market
  • What a home warranty is and how much it costs
  • What is covered by a condo home warranty
  • How to find the best home warranty for you

What Is A Home Warranty For A Condo?

A home warranty for a condo is a plan that is set up to protect homeowners from large expenses involving home systems and appliances in the condo. Whether your condo is a new home for you or you have lived there for many years, finding a great home warranty provider is going to be a smart decision.

Home warranties for a condo will give home buyers and condo owners peace of mind that their investment is protected. Appliance repair, home system replacement, and other expenses related to your condo’s most important functions can be quite expensive. To avoid these large and unforeseen costs, a condo warranty can do the trick.

Who Needs Condo Home Warranty Coverage?

When you have been in the real estate world for a while, you will learn that no homeowner is exempt from faulty home appliances or the occasional trouble with an air conditioner or water heater. When you own a condo, you will have to prepare for these types of expenses and be ready to pay out should a problem occur.

If you live on a tight budget and worry about what could happen if your clothes washer stopped working next week, the condo home warranty is a great choice. Your out-of-pocket expenses on home repairs are going to be dramatically reduced when a home warranty plan is in place.

What Does A Condo Home Warranty Plan Cover?

There are two main categories that a home warranty plan can cover. The two categories are home appliances and home services. All condos will have a variety of home systems and home appliances that could need repair from time to time. Depending on the type of plan that you purchase, there are a variety of things that the plan will cover. Here are some examples of the top-covered appliances and systems:

Condo Home Appliances

Condo Home Systems

  • Garbage disposal
  • Built-in microwave
  • Refrigerator
  • Oven
  • Clothes washer
  • Clothes dryer
  • Dishwasher
  • Electrical systems
  • Ductwork
  • HVAC Systems
  • Heating systems
  • Plumbing systems
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How Does A Home Warranty Work?

Most condo owners are familiar with how a homeowners insurance policy works. These policies are set up for large disasters, and they typically have a deductible associated with the plan. If you are new to the world of home warranties, you may not be aware of how these plans work. Let’s look at the basic process of what owning a home warranty will look like.

When you have a home warranty in place, chances are you will have a systems plan, appliances plan, or some type of premier plan that will cover both. When you have an appliance or home system that breaks down, you will submit a request to your home warranty company.

The home warranty company will then schedule a service call to get the appliance or system back up and running as fast as possible. You will not have to schedule your own contractors. When the repair person or contractor comes to your home, you will simply pay the service call fee.

The service call fee is a fee that you will be aware of before purchasing your home warranty policy. Typically these fees range from around $70 to $150 depending on the plan. This fee is the only cost that you will have for each repair or replacement of an item in your home.

You will also pay a monthly fee that will cover the cost of the home warranty for your condo. Depending on the type of plan you have, there are limits in place that may keep you from getting brand new appliances in your home should you struggle with a simple issue. If a home warranty company cannot repair your appliance or system, you are typically able to get a replacement for the issue in question.

If all of this coverage sounds great and something you think you need for your home, you may wonder how much this condo home warranty costs.

How Much Does A Condo Home Warranty Cost?

As great as a home warranty for a condo can be, it is also important to make sure that you can afford the warranty as part of your monthly budget. The home warranty price will vary based on the coverage options and the plan that you purchase. It is safe to assume you will likely pay around $45-$55 per month for your home warranty for a condo.

If you are going to look for additional or add-on coverage, then the pricing is likely going to be considerably higher. As you add on coverage to your policy, always make sure that the coverage choices and plan premiums make sense. Take care of your major appliances and systems first, and then add in the extras sparingly. This is the best way to be smart about the money you are spending on a home warranty policy.

The 4 Best Home Warranty Companies For A Condo

Whether you are new to condo ownership or you have been in the game a while, you are likely still looking out for your bottom line. Between your mortgage costs, HOA costs, homeowners insurance, and other expenses, it can be expensive to own a condo. Therefore being selective about the home warranty coverage that you choose is quite important.

Now that you have a bit more understanding of why a home warranty for a condo is necessary, let’s look at the four best options for condo owners. With these options, you should have no trouble finding the coverage and value that you need for your condo.

  1. Choice Home Warranty
  2. American Home Shield
  3. Select Home Warranty
  4. Liberty Home Guard

1. Choice Home Warranty

Best Overall

  • 2 plans available + optional add-ons
  • Has over 11 years of industry experience
  • 90-day repair guarantee
  • $46–$55 per month with $85 service fee

Choice Home Warranty (CHW) stands out as the best possible home warranty policy for a condo. With the Choice Home Warranty policy, you are going to get great customer service, an affordable plan, and comprehensive coverage options. If you are new to the world of home warranties for condos, the Choice Home Warranty gives you everything that you will need.

One of the most important factors in choosing a great home warranty policy is making sure that the plan information is clear and straightforward. The last thing you want to find out is that a plan has a large number of exclusions or extra fees built into the service contract.

Choice keeps things simple with their two plan options, the Basic Plan and the Total Plan. The Total Plan will cover quite a bit more than the Basic Plan, but it comes at a slightly higher cost. If you want to purchase additional coverage for anything not covered in either plan, you will have that option.

The Choice Home Warranty Plan will make sure that a qualified person is out to your home within 48 hours to fix an issue. You can submit a claim 24 hours a day, seven days a week, using their online portal for submittal. When dealing with the Choice Home Warranty customer service agents, we were impressed with their knowledge and demeanor. For a solid plan at a fair price, Choice Home Warranty stands out as the best choice.

Pros Cons
  • Simple and easy to follow plan options
  • Quick response time
  • Ability to submit a claim any day or time
  • Well known customer service quality
  • Plan options are a bit more rigid than other companies

To get a free quote from Choice Home Warranty, fill out this form or call 929-400-6164.

For more information, read our Choice Home Warranty Review.

2. American Home Shield

Best Customizable Plans

  • 3 plans + add-ons and the option to build your own plan
  • Customers can choose the service fee they want to pay
  • Provides generous coverage caps
  • $35–$75 per month

The next best option for a condo warranty is going to be the American Home Shield (AHS). American Home Shield is one of our favorite options because of the ability to customize your home warranty plan. You can easily put together an appliance plan or a system plan that works for your individual needs.

In addition, American Home Shield allows you to choose the service fee that you pay each time you need a repair. Your service fee selection will help determine the price you pay for your monthly premium. This is a very nice option to have when customizing your own plan.

If you take a look at what American Home Shield has paid out over the last few years, you can quickly see that they stand behind their claims of handling repair costs beyond your service fee. With American Home Shield, you won’t get coverage for pre-existing conditions, but this is fairly standard in the home warranty business.

Pros Cons
  • Great coverage
  • Large network of contractors with impressive workmanship
  • Ability to customize a plan to cover all major home systems
  • Very transparent about the protection plan
  • Plan options are a bit more rigid than other companies

For a free quote from American Home Shield, fill out this form or call 888-365-2839.

To read more, visit our American Home Shield review.

3. Select Home Warranty

Most Cost-effective Plans

  • 3 plans ranging from $52-$58 per month + optional add-ons
  • Provides free roof leak coverage
  • Covers rental properties, mobile homes, manufactured homes, single-family homes, and condos
  • Affordable service fee of $60

Select Home Warranty is one of the best providers in the industry. You will pay lower premiums but still have access to the high-end plans that you get from other companies. The Platinum plan is similar to other top home warranty companies, and it covers normal wear as well as unexpected issues with your system.

The only real downside that you are going to come across is that the Select Home warranty does not have very large policy limits. The policy limits are quite a bit lower; therefore, if you have a large break or high-end appliances that could have high replacement costs, this may not be the plan for you. Most condos are going to do just fine with a policy that has lower limits.

Starting your plan with Select Home Warranty is easy and does not require a home inspection. Simply wait for 30 days to pass, and your home warranty will cover any issues that come up.

Pros Cons
  • Very affordable
  • Roof coverage (although you shouldn’t need this with a condo)
  • Customer service is not known to be quite as responsive as other companies
  • Quality of the contractor network is not as good
  • Lower limits for expensive repairs

For a free quote from Select Home Warranty, fill out this form or call 888-370-3953.

Read our Select Home Warranty review to learn more.

4. Liberty Home Guard

Most Trustworthy

  • 3 plans ranging $65-$75 with 20 optional add-ons
  • Has a 60-day workmanship guarantee on all repairs
  • Customer service available 24 hours a day, seven days a week
  • BBB’s only A+ accredited home warranty provider

If you are one of those condo owners that want a warranty that is extremely easy to work with, offers several options for optional coverage, and lets you quickly see exactly what your home warranty covers and what it does not, then the Liberty Home Guard could be for you.

Liberty Home Guard is a young company with only approximately four years of experience. However, in that time, Liberty has built a name for itself as being one of the most trustworthy providers with hundreds of positive customer reviews. Liberty is one of the only home warranty providers to boast an A rating on BBB and have a high star rating of a 4.6 our of 5 stars. Most other providers have under 3 stars.

With Liberty Home Guard, you will clearly understand what your warranty covers and where to go should an issue come up. The online portal is easy to use and allows you to quickly submit an issue that you may have. The Liberty Home Guard Total Home Guard combo plan is one of our favorite options. You will get some major appliances coverage as well as some major systems coverage, all for a very fair price.

Pros Cons
  • Good coverage options
  • 20+ add on options
  • Great customer service from a smaller company
  • Young company with a short track record 

For a free quote from Liberty Home Guard, fill out this form or call 866-451-2281.

To learn more information, visit our Liberty Home Guard review.

How To Find The Best Home Warranty Company For A Condo

We have given you four examples of the best home warranty plans for a condo; however, there are many options out there. When we do our comprehensive reviews of the best home warranty plans for condos, we look at over forty companies to make our decision.

When you have to decide which home warranty plan is going to be the best for your condo, there are certain factors that you should consider. Let’s take a look at these factors and see how they impact the decision.

Location

Not all home warranty companies are nationwide. Some are only going to serve certain states, and this could cross a few companies outright from the start. You can sometimes ask your real estate agent about home warranty plans in the area and which plan homeowners tend to choose the most. Rest assured, no matter if you’re in New York, California, Florida or Texas, there’s a home warranty plan that will fit your needs.

Systems and Appliances In Your Condo

Before deciding on which plan is best for you, take a good look at the systems and appliances in your home that are necessary for daily life. As we mentioned in our home warranty reviews, most companies offer an appliances plan, a systems plan, and a combination plan.

It’s great to have your stovetop covered, but if your air conditioning system decides it is done for the year, that is going to be a large expense. Try to consider all systems and appliances when choosing a company or building a plan.

Better Business Bureau

A better business bureau rating is something that is worth considering when choosing a condo home warranty. Although these home warranty companies are backed by the state you live in, it’s still good to see what other customers are saying and whether or not the business will be a good one to invest in the long term.

Plan Choices

As you move from one home warranty company to another, you will quickly notice that the plan choices change. One company might include the septic system or a roof leak, and others will call this add-on coverage. This is why it is so important to make a list of the appliances and systems that matter the most in your day-to-day life.

Choose a plan that covers those systems and makes it possible for you to have that peace of mind that a home warranty policy should give you.

Service Contract Simplicity

If you look over your service contract from a home warranty company and you have no idea if you are buying their company, purchasing another house, or signing up for a home warranty policy, then it is too complicated. These policies and their fine print can get a bit overwhelming.

It’s important to find a plan that you clearly understand. This is going to save a lot of frustration and disappointment down the road. Allow yourself some time to look over the contract and see if anything stands out. Companies like American Home Shield and Choice Home Warranty make things quite simple in their service contracts.

Frequently Asked Questions

Now that you are an expert when it comes to the best home warranty for a condo let’s take a look at some of the other questions that people often ask about these types of plans. Remember that depending on where you live, and the type of policy you choose, the answers to certain questions will vary.

Is A Condo Homeowners Insurance and a Condo Home Warranty The Same?

A condo homeowners insurance and a condo home warranty are not the same. In fact, even a manufacturer’s warranty is different than these two things. When you first purchase a condo, it makes sense to learn about the coverages you have in place and what you can do should an issue come up.

homeowners insurance policy is designed to protect against large issues, think hurricanes, fire, or total destruction. Homeowners insurance is often something that you must have in place due to your mortgage. The mortgage company wants to make sure that you are covered should you experience a major loss.

The home warranty is not designed for these large losses. With a home warranty, you will help save money on those unexpected repairs of home systems and appliances. These repairs come up often, and they require a significant investment.

It’s also difficult to maintain your standard of living when your air conditioning doesn’t work, or your refrigerator goes down. These conveniences are also necessities in some situations. Having a plan that properly protects your investment so that you can use it to its full advantage is certainly a positive.

What Is The Deductible For A Condo Home Warranty?

Most home warranties will have a service fee instead of a deductible. The service fee is what you pay when you have an issue in your home that requires a repair person’s attention. Most of the service fees for the home warranty plans range between $60-$150, but if you’re on a budget, be sure to compare the prices of multiple providers before choosing.

Once you pay the service fee, the plan will pay for the rest of your repair, up to the plan limit. Certain companies like American Home Shield give you some flexibility in what the service fee will cost. Most companies do not charge an additional service fee should you experience more issues with the same appliance or system.

What Are The Plan Types Offered For Home Warranties?

Most home warranty companies offer an appliance plan, a systems plan, and some type of combo plan. There are also additional coverage options for things that may not be included as part of the typical plan.

Depending on what company you choose, the appliances or systems will be picked for you, or you can customize the options slightly to work for your needs. Most of the time, the combo plan is going to be considered a platinum plan and costs a bit more than the other options. Regardless of your budget, there should be something out there that works for you.

Are All Condos Eligible For A Home Warranty Plan?

As we mentioned, you will first have to make sure that the home warranty coverage is offered. Chances are, there are at least a few companies that you will be able to choose from in your area.

Once you submit your application and choose your plan, you will typically have about thirty days before your plan will take effect. During this time, if there are any issues with the condo, they will not be covered.

In addition, most plans are not going to cover pre-existing issues. Let’s say, for instance, that your oven is not currently functioning. Even after your 30 day wait period, you will still not be able to submit a request for a repair for that oven. All systems and appliances must be in working order at the beginning of your plan.

Keep in mind that home warranty companies are not going to cover issues that were your own fault. If, for instance, you put something in a microwave that causes it to be short, that won’t be covered. If the touch panel on your oven stops working as no fault of your own, you can expect full coverage.

How Does A Condo Home Warranty Differ From A Single Family Home Warranty?

The warranties for a condo and home are very similar. The biggest difference is that when you own a condo, some of the systems are not as important from a coverage perspective. Some of the larger systems will be part of the condo building and not necessarily an issue that you will need to be covered as part of your own plan.

However, when it comes to appliances, the plans are essentially identical. Many condos have just as many appliances as a single-family home would have. Protecting yourself from expensive repairs to those appliances is a smart thing to do.

Final Thoughts – Is a Condo Home Warranty Worth It?

When deciding if a condo home warranty is worth it, you should consider three things. Consider the value you get from the policy, your current financial situation, and your plans with the condo.

If the price you pay for a month is going to be something that fits into your budget, then the home warranty policy is going to make quite a bit more sense. When you see that sometimes an HVAC repair can cost $700, you will quickly realize that the $39 per month was a much easier and smarter alternative.

In addition, you must consider your current financial situation. If you are able to pay for all of your systems and appliances to be repaired, and you have qualified and affordable repair people to take care of this, then the home warranty for your condo may not be worth it.

Most people, however, will find that they don’t have the savings, knowledge, or the patience to deal with the home appliance or systems issues in their homes.

Lastly, consider your plans with your condo. Do you think that you may sell your condo at some point? If you can show that the condo was protected with a home warranty plan for the last several years, it could give buyers more confidence about the quality of the condo. Knowing that systems and appliances were properly repaired and taken care of certainly brings some peace of mind.

In the end, you will have to decide if the condo home warranty makes sense for your budget and your lifestyle. Most people find that all it takes is one major repair for them to realize that the home warranty has been well worth the price. If you end up not needing a repair at all, consider yourself lucky!

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House Method home warranty provider ranking methodology

At House Method, transparency and trust are our most important values for the reader. That’s why we took the time to create an objective rating system and score each home warranty provider according to our methodology.

We’ve done the homework for you and have researched over 50 home warranty companies so you can have the information you need to make the best choice for your home. Additionally, transparency and trust are our most important values for the reader.

That’s why we took the time to create an objective rating system and score each home warranty provider according to our methodology. Our team spent hours on the phone speaking to representatives from each home warranty company to get information right from the source. We also dug into the fine print on each company’s service agreement to make sure no detail was left out.

To make the most of our research, we developed a formula to objectively determine the best home warranty companies based on the following criteria:

  • Plans: Do they provide a variety of plan options? We looked at the number of plans each company offered and the flexibility of adjusting the plan.
  • Prices: How reasonable are the monthly fees and service fees in comparison to the industry average? We compared the costs of each company to competitors.
  • Coverage: How many items are covered in each plan? We looked at the number of items each company covers. We dig into all service contracts available to get all the details.
  • Customer service: How is the customer experience when calling the providers? Based on our phone calls, we were able to judge each company’s customer service.
  • Trust: What do customers rate the company? We looked into what customers are saying about their experience with the company.
  • Nationwide availability: How many states does the company cover? We found the number of states covered by each company.
  • Unique perks: Does the company offer discounts or cover special items? We looked for perks offered by each company that sets them apart from the competition.

How do we keep our data up to date?

We want to make sure we’re providing you, the consumer, with the most current data available for every home warranty company we’ve researched and rated. That takes significant effort but we feel that’s vital to providing you thorough and trustworthy reviews.

With that in mind, we have dedicated staff members who regularly update our database of home warranty research.

For those that want to enjoy their years of being a veteran and come home to a house that is comfortable and functioning, a home warranty makes a lot of sense. For the price that a home warranty is offered, you will quickly learn that it is indeed a good value. At an average of around $40 per month, your policy will cost you just under $500 per year.

If you have ever had an appliance or a home system that needs repair, you probably understand quite well that you will quickly reach that $500 mark to get your home back up and running. Take your time to carefully consider your home warranty options, check around for veteran discounts and then give yourself the peace of mind that you deserve.

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