To start with the basics, a home warranty is protection plan which covers expenses for unexpected failures like breaking down of home systems and appliances. Most people confuse blue ribbon home warranty with homeowner’s insurance policy when the fact is that there’s a big difference between these two.
Unlike the insurance policy, a home warranty is a separate contract that usually is termed (valid) for 1 year or more. In most cases, these types of services cover repairs and replacement of a home system that are signed in the deal.
How to get a home warranty
Getting a protection plan for your home is indeed very simple and especially if it’s a newly bought home. Customers looking forward to a home warranty can consult with home building councils which vary according to different countries.
If a home is newly bought, then real estate agents also offer home protection plan as a close-off to their deals. The most feasible decision is to look out for reputed companies that provide blue ribbon home warranty as privately owned service providers offer great deals and cover an extensive warranty.
Benefits of Colorado home warranty
There are several perks to home warranty which is why most people opt for blue ribbon home warranty Colorado Springs. This is mostly in concern with new home buyers as they have fears and doubts when procuring a home.
In several cases, when real estate agents sell houses, they don’t include the price for a home warranty and shells them out from the buyers by adding the protection plan’s worth in the final price of the whole deal. The whole benefit to this is that customers will not be aware of this and consider home protection contract as free.
As to the homeowners, there are several advantages tied to blue ribbon home warranty. One of the most important benefits is that homeowners don’t have to spend extra money for any breakdown and maintenance as long as the protection plan is valid and running.
Second of all, if the warranty does not back a home, then the owner has to face trouble in sorting out the right company who provide assistance like repairs and replacement with insurance. This is because most of the repairing companies have several contracts and do not provide extra services in the middle of the fiscal year.
To put it out in other words, getting a Colorado home warranty is pretty much like a planned out preparation. With that being said, a warranty for home is most beneficial to sellers and buyers.
- Benefits to sellers
When it comes to sellers, most reputed service providers offer post-sale liability which helps in reducing the liability after the sale. Another biggest advantage to sellers tied with a warranty is that the chances of a quick sale boost up to 15% faster. This is because most buyers look for a home that covers a great protection plan. In simple words, the competition to sellers is going to get much easier.
- Benefits to buyers
The biggest benefit to home buyers is that the contract can be renewed for future deals. Service providers in Colorado also offer interesting facilities in blue ribbon home warranty bbb like the option to transfer the protection plan.
What does a home warranty cover?
The coverage of warranty is not the same for all companies and varies accordingly. To be more specific, companies offer various types of protection plans which affect (or add up) the home warranty Colorado cost. As most companies provide their service to all type of residential properties, some of the eligible ones include:
- Single family homes
- Multi-family units
- Duplex, Triplex and Fourplex properties,
- Mobile homes
- Manufactured homes
Similarly, the number of items that are covered under warranty varies with blue ribbon home warranty silver plan. Some of the basic requisites covered by home warranty are
- Electrical System
- Plumbing System
- Heating System
- Central Vacuum
- Exhaust Fans (Bathroom and Kitchen)
- Garage Door Opener
- Built-in Microwave
- Trash Compactor
- Garbage Disposal
- Sump Pump
Several companies that provide fidelity home warranty Colorado include several other home systems at an additional price.
Understanding blue ribbon home warranty Colorado Springs
As there are a plethora of home warranty providers, customers can get hoodwinked by service contracts. To prevent this, buyers or sellers looking forward to home warranty companies must consider the following points.
- Getting in touch with real estate agent
It is important to new buyers that they stay in touch with real estate agent. The benefit of this is real estate agent has links with warranty providers which allow buyers and sellers to avail for any denied claims.
- Keeping up with the warranty
A house warranty will not come to action or benefit customers if certain criteria forwarded by the protection plan company including blue ribbon premier upgrade are not met. For example, most warranty providers deny coverage for system failures that lack yearly maintenance.
- Verifying licensing
Verifying licensing of a particular home warranty provider is a must for every customer. Customers can always refer department of insurance for verifying if the company is legitimate to do business. Another option to be secure is to consult with local consumer protection agency.
As several warranty companies keep a rating system on their contractors, it is important to submit a review of the work done (or services offered). Customers also have the option to rate companies in social communities which help homeowners to keep track of companies that are performing well.
The most important concern that is associated with home protection plan is the total cost of the contract. Pricing of home warranty vary with different companies and therefore it’s feasible to get hold of blue ribbon home warranty phone number for inquiry.
The major factor that determines the overall pricing is the term of contract and reputation of a particular company. One can also check out home warranty reviews and online forums for getting familiar with how different warranty contracts are priced.