A home warranty in Colorado Springs can help cut your out-of-pocket costs by covering repairs or replacements to major home systems and appliances that break down due to normal wear and tear.
There are many great things abouts homeownership in Colorado Springs. But, major home systems and appliances, like your plumbing and washer and dryer, can malfunction due to normal wear and tear, leaving you with pricey repairs.
Finding the best home warranty on the market can be quite challenging because there are dozens of companies to choose from. That's why our team at House Method did the research and compiled a list of the best home warranty companies in Colorado Springs for you.
Choosing the right home warranty in Colorado Springs for you and your family comes down to the coverage you're looking for, the home warranty provider you go with, and your location, among other factors. Here is a list of some factors to consider when looking for a home warranty in Colorado Springs:
Many home warranties cover or have options to cover appliances and other expensive repairs, which can save you significant money over time.
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A home warranty is a protection plan for home systems and appliances. When your washer or dryer breaks down and the repair is several hundred dollars, a home warranty will make sure that your only responsibility is a predetermined service fee. Home warranty coverage usually starts without an inspection and generally goes into place about thirty days after making your first payment.
When a covered appliance or system needs to be repaired or replaced, you file a claim with your home warranty provider. Most companies have an online portal where you can do this. After you file the claim, it will be assigned to a local technician or repair person who will come and assess the issue. At this point, you will pay the service fee. Service fees for home warranty customers range in price from $60 to $150. Most home warranty plans also have a coverage cap, which is the maximum cost per appliance that the home warranty company will cover for repairs and replacements.
Home warranties help protect your home systems and appliances. A home warranty can cover repairs and replacements that are a result of normal wear and tear. The appliances commonly covered under a home warranty plan are the dishwasher, dryer, microwave, washing machine, oven, refrigerator, and more. System coverage typically includes air conditioning, plumbing, electrical systems, water heaters, heating systems, and more. Many home warranty plans also have add-on coverage options like locksmith, roof leaks, central vacuum, and even septic systems.
Colorado Springs homeowners should know that a home warranty policy will only cover repairs and replacements that arise from normal wear and tear. Home warranties do not cover things like misuse of a system or appliance, pre-existing conditions, natural disasters, or cosmetic issues. You must keep up with preventative maintenance on your home systems and appliances to be sure that your next repair or replacement-related issue will be covered by the policy.
Colorado Springs is known for its mild winters and hot summers, and if you live in Colorado Springs, you know that the weather can be unpredictable. During the summer months, your air conditioner can be strained in its effort to combat the heat. If your air conditioner did break down, a home warranty can cover repairs and help cut back on your out-of-pocket expenses.
Plus, having a Colorado Springs home warranty can help make your house more appealing to potential home buyers should you ever decide to sell later. Many home warranty providers will allow you to transfer your plan to a new owner and give them the same protection you've been getting.
Home warranties also have some drawbacks. Though it can give you less to worry about since the home warranty sends out a repair technician who handles the repair for you, some people may not like this, and they may want to select a contractor themselves. If that's important to you, some home warranty plans let you select a contractor. Another pain point of home warranties is that they don't cover items that haven't been properly maintained. This can lead to your claims being rejected, so it's important to carefully follow the manufacturer's guidelines for maintenance of your home systems and appliances.
Homeownership is a big responsibility that can be expensive, but valuable. A home warranty is one thing that can help with your home maintenance budget, but whether or not it's worth it for you is something you'll have to determine before taking the leap and purchasing a policy.
A home warranty can save you a decent amount of money on home repairs and give you peace of mind as a homeowner in Colorado Springs. When it comes to home warranty company choices in Colorado Springs, the best overall is Choice Home Warranty. Choice Home Warranty offers comprehensive coverage at an affordable cost.
Our pick for the best overall home warranty provider in Colorado Springs is Choice Home Warranty but the best company for you will vary based on factors like what appliances and systems you need to have covered.
Home warranty policies cover problems with systems and appliances that need repairs or replacements due to normal wear and tear. A homeowner's insurance policy is a different plan that protects the entire home from situations like natural disasters and fires. It doesn't cover normal appliance or system damage.
Typically coverage for a home warranty begins 30 days on the day the sale closes. However, a few companies may let you file a claim before this, so verify with customer service to find the exact waiting period for your case.
A home warranty plan will cover repair and replacement costs for systems and appliances in a home. Home warranties only cover damage due to normal wear and tear and often don't cover pre-existing conditions.
Most home warranty plans cover replacement costs as well as repair costs. How much the coverage cap is varies from one plan to the next. Home warranties will give you some money towards a replacement but don't expect to have the entire replacement paid for.
A home warranty plan can cost on average anywhere from around $300 to $800 a year in Colorado Springs. Our top-rated home warranty companies' most comprehensive coverage options vary from $546 to $840 per year. You can get a lower monthly payment with some companies by opting for a higher service fee. Additionally, it's often cheaper to pay annually rather than monthly. For example, the warranty might cost $50 per month or $570 for 13 months. In this example, choosing the annual plan over monthly payments saves you $80. The key is to compare plans to determine what the best value is.