Find the Best Home Warranty in Colorado Springs, CO

Home warranty in Colorado Springs

A home warranty in Colorado Springs covers the cost of repairs and replacements of certain appliances and systems that break down from normal use and wear and tear. You can decide to cover systems, appliances or both, or you can customize a home warranty plan.

Home warranty companies in Colorado Springs offer add-on coverage for pools, spas, second appliances, sump pumps, well pumps and guest units.

You can purchase a home warranty in Colorado Springs at any point during homeownership. Most contracts last for one year, and you can cancel anytime. Home warranty companies generally allow you to transfer a contract to a new homeowner if you sell your home before the plan ends.

Keep in mind, a home warranty isn’t the same as homeowners insurance. A home warranty, which you are never obligated to purchase, covers appliances and systems that break down from routine use. Homeowners insurance, which lenders often require as a condition of a mortgage, covers liability and loss from things like theft, fire and storms.

Are home warranties worth it?

A home warranty in Colorado Springs could save you hundreds or thousands of dollars. You may also pay for a home warranty and never use it.

When considering whether a home warranty is worth it, think about:

• Whether your appliances and systems are still covered by original warranty
• The condition of your household appliances and systems and how likely they are to break down over the home warranty term
• Your ability to pay 100% out of pocket for repairs and replacements
• Home warranty cost
• What a home warranty covers
• The service call fee (the amount you owe for each claim)

Some groups of property owners are more likely to purchase a home warranty in Colorado Springs. These include new homeowners, owners of older homes, rental property owners, home sellers and realtors.

How much does a home warranty cost in Colorado Springs?

On average, home warranty cost in Colorado Springs is $300 - $900 per year. Most home warranty companies offer monthly payment plans.

Home warranty cost in Colorado Springs depends on these factors:

• The extent of coverage
• The amount of the service call fee
• Size, type and location of home

What to do when you need repairs

If you have a home warranty in Colorado Springs and need repairs, you can make a claim with your home warranty company 24/7. You pay a service call fee — usually between $50 and $125 — and the home warranty company sends a contractor from its network to your home to diagnose the problem. Some home warranty companies may allow you to choose your own contractor.

The contractor will communicate with the home warranty company. If the home warranty company approves the claim, the contractor makes the repair or replacement, and you owe nothing further.

What to look for when choosing a home warranty company

When choosing a home warranty company in Colorado Springs, read reviews from customers to find out if they are satisfied with cost, coverage, claims, quality of contractors and overall service. Get quotes from several home warranty companies to make comparisons.

Read over a contract carefully before signing. Make sure you understand:

• What’s covered
• Exclusions and limitations, including caps on how much the home warranty company will pay for repairs and replacements
• How much the home warranty costs and how you make payments
• The amount of the service call fee
• The duration of coverage
• How to make a claim
• What happens if you aren’t satisfied with a repair or replacement
• If you can cancel the contract anytime
• Whether the contract is transferable to a new homeowner if you sell