Finding the Best Colorado Home Warranty

Homeowners throughout The Centennial State know the importance of maintaining their property. You might not be required to enroll in homeowners insurance in Colorado, but you’ll be glad you did should you suffer a loss from perils your coverage protects you from. A similar feeling occurs when enrolling in Colorado home warranty coverage.

Home insurance isn’t blanket coverage, meaning there may be several things you’re protected from, but it’s not everything. You can go through a variety of examples, but one important consideration that is common involves wear and tear.

Things break. It’s not ideal but no matter the brand, upkeep, or quality, eventually, you’re going to need to replace things such as an appliance. Your home insurance coverage won’t reimburse for these losses, but a home warranty in Colorado will.

Featuring more than 1.6 million homeowners, the state known for its beautiful Rocky Mountain views understands that there are many considerations and responsibilities that come with homeownership. Learn more about home warranty companies in Colorado, their coverage, and how to best protect your home while saving money.

 

Is a Home Warranty in Colorado Necessary?

It’s not mandatory to maintain home warranties in Colorado, but it may be advantageous for some homeowners. While your home insurance policy will protect your home and personal belongings from a variety of perils, warranties protect you in a different manner.

For example, if your home catches on fire from a wildfire, you’ll be able to file a claim with your homeowners insurance provider and restore your losses. But if you have a washer or dryer that malfunctions, you’ll need either a manufacturer’s warranty or a home warranty to restore such loss.

Wear and tear is a common example because homeowners insurance policies don’t cover these types of losses. Therefore, you’ll need a home warranty to do so. An easy way to consider how you’re protected by these two coverages is to think about a warranty protecting you against things that eventually do happen, whereas home coverage protects against what might happen.

You might lose everything you own to a wildfire or need to replace your roof after a hailstorm. But no matter what, your appliances are going to break down over time and need either repair or replacement. As home warranties offer protections that outlast builders and manufacturers in most cases, they can help you mitigate these costs in the long run.

 

Which Home Warranty Is the Best in Colorado?

Before buying a Colorado home warranty, it’s crucial to understand a few key factors that affect how you are protected. Each warranty is unique, and every home has its differences, even if they appear comparable.

Factors such as the age, condition, and quality of appliances and fixtures can vary significantly. Therefore, it’s essential to consider these factors carefully before purchasing a home warranty. Here are some of the features you’ll need to assess when shopping for the best home warranty companies in Colorado.

Home Warranty Consideration:	Why It’s Important:
Costs	Finding the best home warranty company in Colorado means finding coverage with the lowest cost for your needs. But if you need more protection, expect higher costs. It’s always important to audit what actually needs protection in your home before signing up.
Your home warranty limits and exclusions	While it’s important to know that you’re protected, it’s equally important to understand how you’re protected. Your home warranty should clearly state its coverage limits and exclusions to help you determine if it’s suitable for your needs, the cost involved, and if additional protection is necessary.
The waiting period of your home warranty	Home warranties typically have a waiting period before you can file a claim. If your appliance is already damaged or becomes damaged shortly after purchasing a home, you may have to wait before you can restore your loss through your warranty.
Whether or not preventative maintenance costs are included with your home warranty	Although warranties vary in how they protect your home’s appliances, many do not cover routine maintenance. In some cases, failure to conduct required maintenance can result in penalties.
The terms and conditions of your home warranty	Be sure to read the fine print of your home warranty to understand what’s covered and how you’re protected. This prevents future surprises in case of a loss.

The best home warranty Colorado has to offer will find an ideal mix of the above factors for your protection. Working together with your homeowners insurance policy, these are powerful tools that can help you mitigate financial loss after suffering the loss connected to your home.

Rising costs of labor and materials continue to affect the amount you’ll need to pay after a loss. Simple repairs continue to skyrocket in price and essential appliances that you use every day may suffer as a result. Breakdowns happen over time and while your home insurance is limited in this fashion, a home warranty is the perfect, affordable solution.

However, it’s also important to maintain the right perspective. You’re going to need both in order to protect your home. This is because while a minor breakdown can still lead to hefty costs, expenses are that much worse when dealing with the restoration of your home.

There are several things that can affect your finances that are related to your home and not all of them come from destructive forms of nature. You’ll also have to consider liability risks when people are visiting, similar risks involving members of your household, and even the risks to other structures on your property such as a shed or detached garage.

Fortunately, just like your home and personal property are protected by a homeowners policy, you’re also protected from the concerns listed above. Therefore, while Colorado home warranty companies provide plenty of value, without a home insurance policy, you’re leaving yourself exposed to far greater risks.

 

Who Is Eligible for a Home Warranty in Colorado?

Home warranty insurance companies in Colorado will sell you coverage, but you must be a homeowner. This means if you’re renting, your landlord will need to purchase a policy for coverage and if you are a landlord, you’ll likely want to give this a good consideration.

Repair and deduct laws in Colorado can vary by the situation, but if there is a necessary component of your home that hasn’t been damaged by tenants and is required, it could not only put you in a bad place with your tenants but force financial or legal ramifications.

Furthermore, it could also lead to disgruntled tenants leaving negative reviews of your real estate business online. In the digital age, information travels quickly, and having a rapid way to restore your losses can make a difference in your finances from multiple angles.

Furnaces last about 15 to 20 years in Colorado and home warranties are notorious for helping homeowners safeguard against this major expense which can easily reach several thousands of dollars to replace or repair.

Remember, while a home insurance policy will be there to help you restore HVAC units and components against a variety of perils, wear and tear will have your claim overwhelmingly denied in most cases. Both coverages have benefits and can help you avoid paying out of pocket for costly, necessary repairs.

 

Who Has the Best Home Warranty in Colorado?

Finding the best home warranty company in Colorado is a bit like finding the best home insurance carrier. You’re going to want to find someone that is going to have the lowest price for the coverage you need and has strong reviews of being there when they are needed the most.

There are many websites available for reviewing various companies and even those which allow you to compare quotes. Cost is determined by looking at many risk factors such as your home’s location, but remember, there’s more to it than just the cost of your protection.

Researching Colorado home warranty reviews can be a beneficial part of your journey, just as it is when looking for the right home insurance carrier. The highest-rated home warranty companies in Colorado will provide you with more than just affordable coverage, but great customer service and peace of mind.

 

How Much Does a Home Warranty Cost in Colorado?

If you’re looking for the specific costs of home warranties in Colorado, it’s important to compare a variety of brands by searching through popular companies and requesting quotes. This is a similar process when it comes to finding home insurance.

While we here at Freedom Insurance Group pride ourselves on helping homeowners as a resource, our core expertise comes in the world of insurance. Since 2005, we’ve been providing home insurance coverage that saves you money and protects what you’ve worked so hard for.

Our approach involves providing you with a personalized look at your coverage by auditing your needs. Next, we sift through more than 25 top-rated insurance carriers we’ve partnered with to identify the cheapest home insurance that fits your needs.

Comparing these coverage premiums is why our team of experts continues to save clients as much as 40% of their costs on home insurance policies. To learn more, speak to one of our agents or get a free homeowners insurance quote using our no-obligation, online tool. Together, a Colorado home warranty and home insurance policy help you save money and headaches in the long run.