Searching for a Home Warranty?
How to choose a home warranty in Denver
Home warranties cover repair costs for your home systems, like heating and cooling, and your large appliances, like refrigerators and dishwashers. Home warranties are particularly useful for those buying or selling a home. For buyers, a home warranty protects against unexpected issues after purchasing. For sellers, having a home warranty could attract high-paying buyers.
Beyond buying or selling your home, you may have other reasons to purchase a home warranty in Denver, such as if you:
- Own an older home
- Own older appliances
- Own rental properties
- Would have trouble paying for unexpected repairs
The cost of a home warranty depends on your location, type and size of home and desired level of protection. Some companies offer a monthly premium while others charge one annual fee. A home warranty in Denver can cost between $200 to $1,400 per year, depending on the plan. Some companies offer coverage for appliances while others don’t. Understand your coverage needs before choosing a package.
A home warranty could cover:
- Heating systems
- Exhaust fans
- Garage door openers
- Water heaters
- Electrical systems
- Some kitchen appliances
- Ceiling fans
In most cases, you can customize your plan so that you only pay for the coverage you need. Some companies offer add-ons, including:
- Washer and dryer
- Air conditioning system
- Central vacuum system
- Septic system and septic tank pumping
- Spa and pool
- Second refrigerator
- Stand-alone freezer
- Well pump
- Sump pump
Keep in mind that a home warranty is not the same as homeowners insurance. Home warranties protect against wear-and-tear that manufacturers don’t cover, whereas homeowners insurance relates only to damage from theft or bad weather.
Consider these points before choosing a home warranty in Denver:
- What is and isn’t covered with each package
- What stipulations exist for each item covered (i.e. reasons for damage)
- What reputation the company has
- What service response time is like
- What fees exist, including cancellation fees
When submitting a claim, most companies require that repairs are done by one of their in-network providers. This limits your ability to choose a repair company, but is still better than footing the entire bill yourself.
Click here to review high-rated Home Warranty companies in the Denver Metro Area.
This list is a starting point only. Neither your Advisor nor Thrive Real Estate Group, LLC can endorse, warrant, or guarantee the services offered by the vendors recommended to you. We have not performed any investigation or confirmation of the competence or expertise of these providers. You need to be comfortable with the person you select, whether from this list or from any other source.
[Article provided by ConsumerAffairs.com]