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On this article: Prime Dwelling Warranties for Condos | Backside Line | FAQs | Methodology
Condos have gotten more and more standard attributable to their low value, comfy dwelling area and lack of conventional house owner complications comparable to exterior upkeep. Nevertheless, the house techniques and home equipment inside your condominium are nonetheless your duty. A house guarantee protects you from paying for costly repairs if these break down from common use.
We on the Dwelling Media opinions workforce have totally researched the greatest house guarantee firms in america and narrowed down the most effective choices for condos on this information.
Prime 5 Dwelling Warranties for Condos in 2022
Listed here are our high 5 suppliers for condominium protection:
American Dwelling Protect
► 12 months based: 1971
► State availability: 49 (excludes Alaska)
American Dwelling Protect (AHS) is our editors’ selection attributable to its intensive protection caps, three service name payment choices, and protection of recognized and unknown preexisting situations. All of the plan choices and protection caps for a single-family house can be found for condos.
Professionals and Cons
Listed here are just a few key highlights of AHS’ protection:
+ Covers improperly maintained or put in gadgets
+ Consists of rekey service protection in all plans
+ Supplies a $6,000 protection cap in its ShieldPlatinum plan
– Presents restricted add-on choices
– Expenses barely increased month-to-month premiums in comparison with opponents
Plan and Value Breakdown
American Dwelling Protect’s three plans (ShieldSilver, ShieldGold and ShieldPlatinum) cowl all kinds of condominium techniques and home equipment. The ShieldSilver plan covers main techniques, comparable to air con and plumbing. The ShieldGold plan contains every thing within the ShieldSilver plan plus home equipment, comparable to sizzling water dispensers. The ShieldPlatinum plan is American Dwelling Protect’s most complete plan; it covers each merchandise in ShieldSilver and ShieldGold and features a increased $6,000 protection cap.
The desk under exhibits AHS’ plan protection.
American Dwelling Protect plans value $35 to $75 monthly with a $125 service name payment:
- ShieldSilver: $34.99
- ShieldGold: $44.99
- ShieldPlatinum: $74.99
Observe: All pricing info used on this article relies on quotes the Dwelling Media opinions workforce obtained for a 1,100-square-foot condominium in Raleigh, N.C. Your quote might differ based mostly in your location, house measurement and sort, and chosen protection choices.
Get your quote: Fill out the American Dwelling Protect quote kind or name 844-529-9298 to request your free quote.
To be taught extra: American Dwelling Protect evaluate
Liberty Dwelling Guard
► 12 months based: 2017
► State availability: 48 (excludes Washington and Wisconsin)
Liberty Dwelling Guard (LHG) is one other respected supplier. It has an A- score* from the Higher Enterprise Bureau (BBB), supplies an intensive checklist of add-on protection choices, and presents reductions for choose main home equipment. Like American Dwelling Protect, LHG protects working lined gadgets no matter age.
*BBB rankings are correct as of August 2022.
Professionals and Cons
Evaluate our key professionals and cons for Liberty Dwelling Guard protection:
+ Extends a 60-day workmanship assure for accomplished repairs
+ Presents reductions on choose home equipment
+ Supplies customizable protection with greater than 30 distinctive add-ons
– Doesn’t help you choose your personal service supplier
– Lacks transparency round service name payment
Plan and Value Breakdown
Liberty Dwelling Guard presents three plans: the Equipment Guard, Programs Guard and Whole Dwelling Guard. Its Equipment Guard plan protects home equipment no matter age. The Programs Guard protects your condominium’s techniques, and the Whole Dwelling Guard combines each safety plans into one complete protection bundle.
The desk under highlights every plan LHG presents.
A Liberty Dwelling Guard consultant defined that the $65 to $125 service name payment is assigned based mostly in your location, house’s measurement and sort, protection plan and add-on alternatives.
LHG’s plans monthly are as follows:
- Equipment Guard: $49.99
- Programs Guard: $54.99
- Whole Dwelling Guard: $59.99
Get your quote: Fill out the Liberty Dwelling Guard quote kind or name 866-452-9107 to request your free quote.
To be taught extra: Liberty Dwelling Guard evaluate
Choose Dwelling Guarantee
► 12 months based: 2012
► State availability: 46 (excludes New Mexico, Nevada, Washington and Wyoming)
Choose Dwelling Guarantee is our choose for budget-friendly plans, making it a strong selection when you’re a condominium proprietor in search of low-cost protection. Every plan prices lower than $50 monthly with a $75 service name payment. Choose additionally provides clients three days to file a declare, whereas most suppliers ask you to file a declare as quickly as you uncover a difficulty.
Professionals and Cons
Evaluate our high professionals and cons for Choose Dwelling Guarantee protection:
+ Permits claims to be filed inside three days, slightly than as quickly as found
+ Expenses a comparatively low service name payment in comparison with different suppliers
+ Presents inexpensive protection plans
– Doesn’t specify its workmanship assure in service contract
– Presents low protection caps ($500 for electrical/plumbing/home equipment and $400 for
add-ons)
Plan and Value Breakdown
Choose Dwelling Guarantee covers home equipment in its Bronze Care plan. Its Gold Care plan covers built-in house techniques, and its Platinum Care plan covers home equipment and techniques plus plumbing stoppages and garage-door openers. Choose is an efficient possibility when you’re on a good finances and need respectable protection in your condominium.
The desk under highlights the gadgets Choose covers.
Right here’s how a lot Choose Dwelling Guarantee’s plans value monthly, excluding its commonplace $75 service payment:
- Bronze Care: $44.42
- Gold Care: $44.42
- Platinum Care: $47.75
Get your quote: Fill out the Choose Dwelling Guarantee quote kind or name 888-370-3956.
To be taught extra: Choose Dwelling Guarantee evaluate
America’s First Selection Dwelling Membership
► 12 months based: 2009
► State availability: 49 (excludes Hawaii)
America’s First Selection Dwelling Membership (AFC Dwelling Membership) is our choose for many protection choices, with 4 plans and three service name payment choices. It additionally presents a plan-length workmanship assure, providing you with peace of thoughts in your repairs.
Professionals and Cons
Evaluate our checklist of professionals and cons for AFC Dwelling Membership protection:
+ Ensures repairs for complete plan size
+ Presents service name flexibility
+ Supplies membership perks, comparable to reductions on wholesale elements
– Applies a protection cap equal to the lined merchandise’s depreciated
worth
– Presents plumbing stoppage protection solely in its Platinum Plan
Plan and Value Breakdown
AFC Dwelling Membership covers techniques in its Programs Plan. The Silver Plan covers home equipment, the Gold Plan covers each techniques and home equipment, and the Platinum Plan contains techniques and home equipment plus extra protection for taps, ice makers, built-in microwaves and plumbing stoppages.
The desk under shows AFC Dwelling Membership’s lined gadgets for every plan.
AFC Dwelling Membership plans value $46 to $59 monthly with a $125 service payment.
- Silver Plan: $38.50
- Programs Plan: $46
- Gold Plan: $53.33
- Platinum Plan: $58.25
Get your quote: Fill out AFC Dwelling Membership’s quote kind or name 877-755-1115 to request your free quote.
To be taught extra: America’s First Selection Dwelling Membership evaluate
First American Dwelling Guarantee
► 12 months based: 1984
► State availability: 35*
*Excludes Alaska, Connecticut, Delaware, Hawaii, Illinois, Louisiana, Maine, Massachusetts, Minnesota, New Hampshire, New York, North Dakota, Rhode Island, Vermont and Wisconsin.
First American Dwelling Guarantee is our last choose for condominium homeowners attributable to its First Class Improve add-on, which covers improperly maintained or put in gadgets (excluding ductwork). The First Class Improve additionally covers miscellaneous gadgets comparable to equipment knobs, dials, racks and hinges that deteriorate with use. First American’s protection plans are inexpensive, with plans as little as $33 monthly.
Professionals and Cons of First American Dwelling Guarantee
Evaluate our checklist of key professionals and cons for First American protection:
+ Covers preexisting situations and miscellaneous gadgets with First Class Improve
+ Consists of no protection cap for HVAC techniques and ductwork (Premier Plan
solely)
+ Supplies a $3,500 protection cap restrict per lined equipment
– Covers air con techniques through add-on solely
– Excludes plumbing, heating and electrical techniques in its Primary Plan
Plan and Value Breakdown
First American presents two plans: the Primary Plan and the Premier Plan. The Primary Plan covers commonplace house home equipment, comparable to cooktops and garments dryers. The Premier Plan bundles home equipment plus house techniques, comparable to plumbing and electrical techniques.
The desk under shows First American’s lined gadgets for every plan.
Listed here are First American Dwelling Guarantee’s plans monthly, excluding its commonplace $85 service payment:
- Primary Plan: $33
- Premier Plan: $44
Get your quote: Fill out First American Dwelling Guarantee’s quote kind or name 855-435-0489 to request your free quote.
To be taught extra: First American Dwelling Guarantee evaluate
The Backside Line: What’s the Proper Dwelling Guarantee for Your Condominium?
Condominium possession differs from homeownership in a number of methods, however the potential of your techniques and home equipment failing from common use stays the identical. A house guarantee provides you peace of thoughts understanding you’re shielded from costly restore prices.
We suggest American Dwelling Protect attributable to its beneficiant protection caps, plan flexibility and protection for preexisting situations. Liberty Dwelling Guard presents greater than 38 distinctive add-ons for customizable protection, and Choose Dwelling Guarantee supplies low-cost, primary protection.
We suggest requesting no less than three quotes from completely different suppliers to check prices and protection choices.
Often Requested Questions About Condominium Dwelling Warranties
Methodology: Our System for Rating the Greatest Dwelling Guarantee Firms
Our shoppers depend on us to supply goal and correct info — as such, we create a complete score system to formulate our rankings of the most effective house guarantee firms. This method accounts for a variety of rating components, and we acquire information on dozens of house guarantee suppliers to grade the businesses on every issue. The tip result’s a cumulative rating for every supplier — firms that rating probably the most factors high the checklist.
To make sure our analysis is as thorough as attainable, we name each main house guarantee supplier instantly and communicate with representatives to get quotes, specifics on protection choices, availability based mostly on location and extra info. We additionally evaluate pattern contracts to raised perceive what every plan covers and to establish limitations. As well as, we simulate the method of reaching out to every firm’s customer support workforce to judge their degree of helpfulness and skill to resolve issues.
As soon as we collect all related information, we use the next scoring system to grade every house guarantee firm on a 100-point scale:
- General plan choices (25 factors): Firms that provide a wide range of plan choices usually tend to meet client wants. Thus, we award extra factors to suppliers that provide extra plans and better flexibility.
- Value (25 factors): Month-to-month charges and repair charges are each considered. The decrease the charges, the upper the rating.
- Belief (25 factors): We analyze buyer suggestions on third-party evaluate websites to gauge the status of every firm. We deduct factors for firms which are at present going through or have just lately confronted civil lawsuits.
- Customer support (10 factors): We base this issue on the responsiveness, friendliness and helpfulness of an organization’s customer support workforce.
- State availability (5 factors): Most house guarantee firms don’t serve all 50 U.S. states. Suppliers that provide service in most states rating the best on this class.
- Further advantages (5 factors): Promotions and reductions are among the many perks that may make a house guarantee extra enticing to shoppers. Firms that provide advantages that opponents don’t are awarded extra factors.
- Protection specifics (5 factors): Whereas the whole variety of plan choices is essential, it is usually important to think about what is roofed beneath every plan. The extra complete the protection, the higher.
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