Looking for the best home warranty for condo coverage?
Great, you’ve come to the right place. In this guide, you’ll learn:
- What is a home warranty for a condo?
- How much will a warranty plan for your condo cost?
- Is a home warranty is worth it for your unit?
- How does a condo warranty work?
- What the best coverage options for your condo?
Understanding the ins and outs of a home warranty for condos can be overwhelming. Don’t worry, because we’ve done the heavy lifting for you.
We’ve reviewed 68 different home warranty companies, and below are our top picks for condos in your state. Curious which plan is right for you? Read on!
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What's In This Guide?
Owning a condo is a fantastic way to invest in real estate without the expenses of a single-family home. Plus, condos are often a much more affordable alternative to homeownership than a traditional house. So, they’re a great option for people that want to own a beautiful home without the burden of large monthly mortgage payments.
But, condos need to be maintained just like a regular house, and all these repairs can rack up big bills over time. Thankfully, with the right home warranty plan, you can protect yourself from major repair costs.
With so many different home warranty providers out there, though, it’s understandable if you’re unsure which plan options are the best for you. To help you out, here are our reviews of the best home warranty companies on the market today, complete with all the information you need to find the best coverage for your condo.
What Are Home Warranties For Condos?
A home warranty for a condo is a way to protect yourself against unexpected major home repairs. While with a condo, you probably will pay an association for the upkeep of the exterior of the home, crucial systems and appliances are still up to you to maintain.
Home warranty protection is meant to cover most or all of the cost of repairs and replacements for home appliances, like dishwashers, ice makers, and garbage disposals, as well as major home systems, such as your HVAC and plumbing system. This protection will be related to breakdown due to normal wear and tear.
Top 5 Best Home Warranties For Condo Coverage
That being said, many home warranty companies don’t offer a specific “condo” warranty. Rather, you can generally use a standard home warranty plan to cover repair and replacement costs for the covered appliances and systems in your condo.
Home warranty providers will clearly outline whether or not they cover condos in the fine print of their service contracts. But, the vast majority of companies will offer protection for a variety of different home types, including single-family dwellings, multi-family houses, townhomes, mobile homes, and, yes, condominiums.
How Much Will A Condo Warranty Plan Cost?
Pricing varies, but the average home warranty cost for a condo is between around $400-$750 for a year of coverage. Of course, this annual premium amount will vary quite a bit based on a few factors, which include:
- Location of the condo
- Size of the unit
- If you want coverage for appliances, home systems, or both
You may wonder if you need coverage for a condominium when you are already paying the condo association a maintenance fee. But this fee is for common areas and for exterior maintenance. It doesn’t cover the systems and appliances within your condo unit.
The good news is that condo owners can generally save a bit on their home warranty costs because they don’t need to pay for add-on coverage for shared systems or amenities, like pools, spas, or septic pumps. So, home warranty coverage for condos tends to be quite affordable since protection plans can often be scaled to meet the needs of individual condo owners.
But even a platinum comprehensive plan that covers all the major systems and appliances in your condo can be purchased for around $45 – $60 per month. Such a plan covers everything from your HVAC to your trash compactor and garage door opener.
Want to learn more about investing in a condo? Check out this video on why a condo could be right for you.
Is A Home Warranty For My Unit Worth It?
Simply put, a home warranty is certainly worth it for your condo. If you’ve made the decision to purchase your own condo, you want to ensure that your investment is a happy, comfortable place to live for years.
The beauty of condo living is that so much of the maintenance is taken care of for you. A home warranty plan takes that a step further. It can help you keep your condo in good working condition without the headaches normally associated with homeownership. Here are some of the many benefits of a home warranty for your condo:
Financial Protection From Major Home Repairs
Let’s face it: Owning any home, even a condo, isn’t cheap. In addition to your monthly mortgage payment, you need to pay for your air conditioning, water, heat, and other utilities.
But, while these regular payments are all part of your monthly budget, the cost of replacing your entire electrical system or HVAC system probably wasn’t part of your financial plan.
Indeed, unforeseen repairs and replacements of major home appliances and systems, like a water heater, can easily rack up hundreds, if not thousands of dollars. Unless you happen to have lots of cash on hand, this can quickly create a lot of debt for you and your family. And even if cash flow is not an issue, paying one monthly fee for everything from your plumbing to smoke detectors is more cost-effective than paying out-of-pocket to repair or replace everything.
With a home warranty, you’re protected from huge repair bills. Depending on the terms of your coverage, you can get thousands of dollars in payment protection for each covered item in your home. Instead of having to pay the entire repair bill, you’re liable just for a small deductible, also called a service call fee, and any repair costs over your maximum limit.
At the end of the day, home warranty protection can make a big difference for the long-term health of your bank account when your air conditioning system decides it no longer wants to work in the middle of the summer or when you need to replace your refrigerator.
Own A Condo In San Diego? We Can Help!
Peace Of Mind And Seamless Repair Service
Hands down, one of the biggest benefits of a home warranty is the peace of mind you get when it comes to servicing your condo’s appliances and systems. With a warranty plan, you don’t need to spend hours searching for the best service provider when your heating system is acting up.
Instead, all you need to do is call the warranty company’s service center. Once you submit a claim, they’ll arrange for a repair professional to come to your home.
This is particularly beneficial if you’re a new homeowner or have recently moved to a new area. Since your warranty company will contact a repair company for you, you can rest assured that you’re getting the best service possible.
Covers What Home Insurance Won’t
When you purchased your condo, you probably bought a homeowners insurance policy and, rightly so. Homeowners insurance is important for protecting your condo against unexpected costs associated with natural disasters, fires, and other emergencies.
However, homeowners insurance won’t cover any of the costs associated with maintaining your home’s major appliances and systems. That’s where home warranties truly shine. They’ll cover or greatly offset your repair bills, even when your insurance policy or a manufacturer’s warranty doesn’t.
How Does Coverage For Condos Work (Are They Unique)?
Interestingly, most home warranties that can be used for a single-family home can also be used to cover the cost of systems and appliance repair or replacement in a condo. So, condo home warranties aren’t “unique,” specifically to condos, but they offer all of the coverage you need to protect your investment.
Here’s how it works:
Step 1: Find A Plan
The very first thing you need to do to protect your condo is to find the right plan. We’ll give you a list of the top home warranty reviews in just a bit and as you can see, there are plenty of great options to choose from.
Generally, home warranty plans come in three varieties: an Appliance Plan, a Systems Plan, and a Combo Plan. Most people choose the comprehensive coverage of a premier Combo Plan.
When selecting the best plan for your condo, though, you want to look for a policy that covers the most important things in your home. This is where shopping for home warranties for a condo differs from purchasing a policy for a single-family home.
When you own a single-family house away from municipal water and sewer services, you’ll want protection for things like a sump pump, well pump, or septic system. Condo owners, however, don’t have to worry about most of these systems.
Best Home Warranty For A Condo?
Choice Home Warranty is our top pick in the condo home warranty market. Choice has more than 10 years of experience helping homeowners insure their properties, offers three extensive plans and will cover condos up to 5,000 square feet.
So, when you own a condo, your biggest priorities are likely to be your appliances and any systems that are wholly contained within your unit.
That being said, home systems (particularly air conditioning systems) are where things can get a bit tricky when it comes to protecting your condo. The majority of home warranty plans will not cover any “shared systems.” So, if your condo uses the same air conditioner as the neighboring unit, this may not be considered a covered item under your policy. Plumbing systems are another area that might be complicated in a condo complex. While plumbing systems, including stoppages, are generally covered in a home warranty, if elements of the plumbing system, like drainage pipes, are shared, that may or may not be covered.
That’s why it’s so important to be sure to read the service agreement carefully to understand the coverage, exclusions, and dollar amount limitations before you sign. For instance, very few home warranties cover known or unknown pre-existing conditions on covered systems and appliances. Cinch Home Services is a notable exception to that rule among our top 10 providers.
Step 2: Wait For The Grace Period
Once you’ve found the right plan for your condo, you’ll need to wait for the grace period to finish before you can make your first claim. Most companies will have a 30 day waiting period before your coverage kicks in.
However, if you already have a warranty on your condo and are simply looking to switch from one company to another, most providers will wave this grace period. Then, you’ll be able to make a claim as soon as your new policy starts.
Step 3: Make A Claim
If you need to repair or replace a covered item in your condo, you’ll simply need to contact your home warranty company to file a claim and put in a service request. The best companies will offer 24/7 call center service so you can file a claim even in the middle of the night.
Step 4: Pay A Service Fee
When you have a home warranty, you’ll pay a small service fee every time you submit a repair request. This fee is generally paid when you make your claim.
The amount that you’ll pay will depend greatly on the plan that you have. You can think of a service fee as similar to the copay on your medical insurance whenever you go to see the doctor.
Step 5: Receive Prompt Repair Service
As soon as your claim has been processed, your home warranty provider will contact a local contractor and send them to your home. The contractor will then assess, diagnose, and perform any needed repairs or replacements to get your condo back in full working condition.
If workmanship is an issue and the repair fails, most home warranties have a window of time during which free reservice for failed repairs is available.
Top Home Warranties For Condos Reviewed
Choice Home Warranty Review (Best Overall Home Warranty)
Why Do We Like Choice?
Out of all the home warranty companies we reviewed, Choice Home Warranty has the most comprehensive plans, good payout limits, minimal number exclusions, quality customer service, and affordable cost.
Choice has two main home warranty plans. The “Basic Plan” and the more comprehensive “Total Plan” covering 15 home appliances (dishwasher, etc) and systems (duct work, water heater, etc). They also have “Optional Coverage” for add on items most homeowners don’t usually have, which include pools and spas, well pump, sump pump, roof leaks, other extraneous items.
Based on our review, Choice’s “Total” plan covers these items at a more affordable price point than its competitors although has a few more exclusions, which is how they can justify charging a lower monthly payment.
The thing about home warranties is that they are a bit complicated with a lot of moving parts that may confuse most homeowners on what’s covered versus what’s not covered.
A key deciding factor in our review looking for the best home warranty company is finding one with top quality customer service to help customers like you walk through the claims process so you don’t have to worry about nasty surprises when you need service.
That said, Choice has 24 hours a day 7 days a week 365 days a year availability and a 48 hour response time to get a contractor out to your home. Other providers tend to have slower response times and are less communicative about when technicians are assigned to your claim.
Policy On Pre-Existing Issues or Older Units?
Choice covers appliances regardless of age or existing wear and tear, so you don’t need to worry about signing up and not getting covered due to age assuming you’ve properly maintained the item over it’s life.
What’s not covered is if you or someone else breaks the unit regardless of when it happens. All home warranties, regardless of company, won’t cover a unit you break through negligence or misuse (i.e., baby sticks chocolate bar into VCR).
- Good Limits (up to $3,000)
- Minimal Exclusions
- More Affordable
- Only 15 Home Appliances & Systems Covered
American Home Shield Review (Editor’s Choice)
Why Do We Like American Home Shield?
Far and away the most thorough and transparent home warranty company we reviewed is American Home Shield. They are the gold standard. If you spend any amount of time on their website, it’s clear that they are very upfront about what they do cover and don’t cover when compared to their competitors.
In fact, they go out of their way to tell you they cover things their competitors don’t like rust or plumbing stoppages.
They also have the best home warranty coverage with an astounding 21 systems and major appliances including trash compactor, smoke detectors, and clothes washer. They also have the fewest number of exclusions with the highest dollar limit payout amounts ranging from $1,000 – $3,000 per claim.
Think of American Home Shield as the “BMW” or “Mercedes” of home warranty companies. More expensive than Choice, but with better coverage and limits.
Policy On Pre-Existing Issues or Older Units?
Very similar to Choice, American Home Shield covers old systems and appliances that break down due to wear and tear, but they do not cover pre-existing issues or negligence related to the misuse of your appliance or system!
- Highest Payout Limits (up to $3,000)
- Widest Coverage (21 systems and appliances)
- Fewest Exclusions
- Most Expensive
Select Home Warranty Review (Most Affordable)
Why Do We Like Select Home Warranty?
Select Home Warranty made our list as a best budget friendly home warranty option. They have lower limits ranging from $500 – $2,000 per claim but also lower service fee costs and potentially reduced annual premiums as low $325 per year if you opt into multiple year contracts, far below other competitors.
If you opt for their “Platinum Care” they are on-par with other providers in terms of what they actually cover.
Overall, a great budget option for people who want a home warranty but can’t afford Choice or American Home Shield.
Policy On Pre-Existing Issues or Older Units?
Very similar to Choice and American Home Shield, Select covers old systems and appliances that break down due to wear and tear, but they do not cover pre-existing issues or negligence related to the misuse of your appliance or system!
- Most Affordable Service Contracts
- Roof leaks Are Covered In Their Platinum Plan
- Ultra Pushy Sales
- 3 Days To Submit Claim
- Weaker Network Of Contractors
AHW Home Warranty Review
Why Do We Like AHW Home Warranty?
The AHW Home Warranty is one of the best options for homeowners. The AHW Home Warranty has only been around for a little more than ten years. However, in that time, they have been able to put together some great coverage options across 46 states. At AHW Home Warranty, you will get more of that small company feel that many of us look for in great companies today.
When you look at all of the companies out there, you will find that some stand out from the crowd. From the website to the customer service, to the plan versatility, AHW Home Warranty has everything a homeowner could want. They have created relationships with over 50,000 contractors around the country. With a base like this, you can get your issues fixed quickly and without spending more of your time and money.
The most refreshing thing about this company is how simplistic its plans are. When you want to find out what the AHW Home Warranty will cover and what they won’t, you can easily do so on their website. You won’t have to worry so much about fine print and exclusions with AHW Home Warranty. Since this is a more modern and streamlined younger business, it’s very easy to stay on track with what they are offering and how they can help you.
In addition to the essential appliance and system plans, AHW Home Warranty offers a combo plan option and add-on coverage for those homeowners with specific needs. When it comes to policy limits and exclusions, the AHW Home Warranty will be very similar to other options on the market.
Policy On Pre-Existing Issues or Older Units?
Like other home warranty companies, AHW will cover issues due to wear and tear on older models; however, they will not cover problems that have already occurred to your appliances or systems. There is a 30 day waiting period when you first sign up for new coverage that you will have to abide by before your plan truly starts. If your refrigerator is currently broken, you will need to fix it before AHW Home Warranty covers it. For a newly purchased home, AHW Home Warranty is going to want to see an inspection report before they are able to fix or cover an issue in your home.
- Younger, more modern company
- Wide coverage
- Add on options
- Over 50,000 certified contractors Nationwide
- Easy to work with a smaller team of customer service agents
- Lost their BBB accreditation and are in the process of getting it back
Liberty Home Guard Review
Why Do We Like Liberty Home Guard?
Liberty Home Guard is one of the newer home warranty companies on the market. With Liberty Home Guard, you will be exposed to all of the latest and greatest theories and concepts in the industry. This attention to technology will be seen immediately on their website and when dealing with the brand new customer portal. If you like a streamlined and electronic process for your home warranty policy, Liberty is a great choice.
Liberty Home Guard has only been in the industry for a few years, yet they have grown a network of more than 10,000 certified contractors from around the country. These contractors have to go through a rigorous application to ensure that they are qualified to be making repairs in your home.
Like some of the other home warranty companies on the market, Liberty Home Guard allows you to customize your plan with add ons and additional coverages. When it comes to pricing, Liberty Home Guard will be right in the same ballpark as most other manufacturers. There is some customization of your plan to be able to work within your budget, but a basic plan will start around $49.99 a month.
We like that with Liberty Home Guard, you can use a contractor of your choice if you wish. The reservice fee will not be covered if you choose your contractor, but it is an excellent option if you have people that you trust to do your home repairs.
Policy On Pre-Existing Issues or Older Units?
If you are not moving into a brand new home, you will still get coverage from Liberty Home Guard. After your 30 day waiting period to begin coverage, all working appliances and systems will be covered from that point forward. If you have a broken microwave and you haven’t signed up for converge just yet, you will need to have that fixed before your coverage can start.
- State of the art customer portal system
- Rigorous testing for contractors
- Ability to use your own contractors
- Fair pricing
- Good customer service for a newer company
- Must report your issues within one day of noticing a problem
Final Thoughts On Home Warranties For Your Condo
A home warranty is a must-have for any condo owner that wants to protect themselves from unexpected expenses on their appliances and home systems. Thankfully, most warranty companies will provide protection for condos under the plans that are offered for single-family residences. So, no matter if you own an oceanfront condo in Hawaii or a mountain-side condo in Montana, your home can be protected.
Our top pick for a warranty policy on a condo is Choice Home Warranty, thanks to their comprehensive coverage, 24/7 call center, low service call fees, a good BBB rating, and solid per-item limits. But, what’s important is that you find the policy that best covers your home and your real estate investment.