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The 5 Finest Residence Warranties for Condos (2022) – Right this moment’s Home-owner 5 Finest Residence Guarantee Firms for Condos


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Rental homeowners have totally different wants in terms of dwelling restore prices, so we’re right here to advocate one of the best dwelling guarantee corporations particularly for condos. | Picture Credit score: Adobe Inventory

Not like owners’ insurance coverage, which comes into play after a catastrophic occasion, dwelling warranties cowl restore prices when dwelling gadgets break down from on a regular basis put on and tear. A house guarantee, additionally referred to as a residential service contract, sometimes applies to your property’s main home equipment and residential methods.

Rental homeowners have barely totally different dwelling guarantee wants than those that personal a single-family dwelling. Whereas condos have particular person home equipment, they could have shared methods maintained by a rental affiliation. Earlier than signing a house guarantee contract, it’s vital to ensure you know which dwelling repairs you’re personally liable for.

From there, you can begin on the lookout for a rental dwelling guarantee. Many nationwide suppliers provide these contracts, however the corporations under are our suggestions for the finest dwelling warranties for condos, based mostly on protection, availability, price and buyer expertise.

In This Article: 

Right this moment’s Home-owner works with an impartial evaluations staff to create evidence-based analysis that helps our readers make knowledgeable choices. The evaluations are all the time impartial. For transparency, we could also be compensated if you buy by a hyperlink.

*Higher Enterprise Bureau (BBB) scores are correct as of February 2022.


#1 Finest General: American Residence Defend

For one of the best total dwelling guarantee protection, we advocate American Residence Defend. In enterprise since 1971, this firm has been a pacesetter within the dwelling guarantee {industry} for over 50 years. It provides dwelling warranties in each US state besides Alaska, and its protection is a number of the broadest obtainable.

Most dwelling warranties solely cowl breakdowns attributable to put on and tear, excluding different kinds of injury. Nevertheless, American Residence Defend covers malfunctions attributable to improper set up, inadequate upkeep, rust, corrosion and sediment. Its plans even cowl pre-existing situations, so long as they have been undetectable earlier than the start of the contract.

Plan and Price Breakdown 

American Residence Defend provides its clients a selection of three protection plans. ShieldSilver, the least costly, covers dwelling methods, whereas ShieldGold covers each methods and home equipment. ShieldPlatinum, probably the most complete plan, additionally covers dwelling home equipment and methods and provides protection for roof leaks, code upgrades and an HVAC tune-up.

Protection ShieldSilver ShieldGold ShieldPlatinum
Worth $29.99-$44.99 $39.99-$54.99 $59.99-$74.99
Roof leak restore  
Air conditioners
Heating items
Ductwork
Constructed-in exhaust, vent, and attic followers
Major breaker and fuse panel field
Doorbells
Inside electrical strains
Ceiling followers
Storage door openers
Inside plumbing strains
Bogs
Taps and valves
Whirlpool tub motor
Water heaters
Fridges  
Ranges/cooktops  
Ovens  
Dishwashers  
Constructed-in microwaves  
Rubbish disposals  
Instantaneous scorching/chilly water dispensers  
Garments washers  
Garments dryers  

American Residence Defend lets you add non-compulsory protection to any of the above plans, for the next gadgets, which you’ll not want to fret about as a rental proprietor:

  • Pool/spa
  • Septic pump
  • Nicely pump
  • Visitor unit (as much as 750 sq. ft.)

Just like an insurance coverage coverage, each dwelling guarantee plan comes with two prices: the month-to-month or yearly premium and the deductible or service name price. You pay the premium for the size of the contract, whether or not you utilize it or not. You’ll pay the service name price any time a technician visits your property to make a restore or diagnose an issue. 

American Residence Defend lets you customise your premium cost relative to your deductible. A decrease premium will include the next deductible and vice versa. The least you’ll pay is $29.99 a month with a $125 deductible, and probably the most you’ll pay is $74.99 a month with a $75 deductible.

To learn how a lot an American Residence Defend plan will price you, name 844-529-9298 or fill out this fast on-line kind.


#2 Finest for Older Houses: Alternative Residence Guarantee

Whether or not your new dwelling was not too long ago constructed or it’s solely new to you, Alternative Residence Guarantee will cowl your home equipment and methods with no age restrict. As with most dwelling guarantee corporations, it doesn’t require an inspection to qualify for protection. So long as your main home equipment are in good working order when protection begins, a Alternative Residence Guarantee safety plan will cowl them.

The industry-standard restore assure lasts for 30 days. Nevertheless, Alternative Residence Guarantee’s workmanship assure lasts thrice longer, for a full 90 days. If a system or equipment restore job fails throughout the first three months, the corporate will ship one other technician to repair the issue at no cost, with no further deductible required.

Plan and Price Breakdown 

Alternative Residence Guarantee provides protection within the type of two totally different plans. The Fundamental Plan covers most main dwelling home equipment and methods. The Whole Plan provides protection for giant ticket gadgets akin to air conditioners, fridges, washers and dryers.

Protection Fundamental Plan Whole Plan
Worth $50.11/month
$569.24/yr
$58.58/month
$670.89/yr
Heating system
Electrical system
Plumbing system
Plumbing stoppages
Air con  
Water heater
Whirlpool bathtub
Fridge  
Oven/vary/range
Cooktop
Dishwasher
Constructed-in microwave
Rubbish disposal
Garments washer  
Garments dryer  
Ductwork
Storage door opener
Ceiling and exhaust followers

Alternative Residence Guarantee additionally provides some further protection choices, listed under: 

  • Pool/spa
  • Roof leaks
  • Stand-alone freezer
  • Central vacuum
  • Nicely pump
  • Septic system
  • Sump pump
  • Septic tank pumping
  • Extra spas
  • Extra fridges

Each Alternative Residence Guarantee plan comes with a service name price of $85. Premium costs might range by location, however for a rental of about 1,600 sq. ft. in Winston-Salem, NC, we have been quoted a price of $50.11 monthly for the Fundamental Plan and $58.58 for the Whole Plan. 

Name Alternative Residence Guarantee at 929-400-6165 or fill out this simple kind to get a free quote.


#3 Most Customizable Plan Choices: America’s First Alternative Residence Membership

Should you worth customizability most extremely, America’s First Alternative (AFC) Residence Membership is a good selection. It provides probably the most plans of any firm on our checklist, in addition to an extended checklist of further protection choices. It may very well be a very whole lot for rental homeowners, who might solely be liable for a number of the methods and home equipment of their items. 

Uniquely, AFC Residence Membership doesn’t require a contract. You’ll be able to pay month-to-month on your safety plan, although you’ll in the end find yourself paying greater than you’d for those who signed a yearly contract. Plus, for those who signal a contract, you’ll proceed to get the identical fee for so long as you proceed to resume. Moreover, all repairs are assured for the size of your contract, which could be so long as three years.

Plan and Price Breakdown 

AFC Residence Membership’s 4 plan choices embrace a Programs Plan for dwelling methods in addition to a Silver Plan for dwelling home equipment, which could be most helpful to owners in condos. The Gold Plan covers each, and the Platinum Plan provides additional safety for microwaves, taps, ice makers and plumbing stoppages.

Protection Programs Plan Silver Plan Gold Plan Platinum Plan
Worth (no contract) $51.50/month
$563/yr
$44.58/month
$480/yr
$58.33/month
$645/yr
$62.92/month
$700/yr
Air con
Heating
Water heater
Electrical system
Plumbing system
Ductwork
Garments washer
Garments dryer
Kitchen fridge
Oven
Vary
Dishwasher
Rubbish disposal
Storage door opener
Plumbing stoppages
Constructed-in microwave
Ice maker
Taps

Relying upon your wants, you may also buy further protection for any of the next:

  • Tankless water heater
  • In-ground pool
  • Stand-alone freezer
  • Sump pump
  • Double oven
  • Central vacuum
  • Sizzling water dispenser
  • Septic system
  • Nicely pump
  • Ice maker
  • Constructed-in microwave

AFC Residence Membership provides additional customizability by way of cost, permitting you to select from a $75, $100 or $125 service price. You’ll additionally save by paying yearly. For instance, for those who select yearly funds and a $125 service price with the Silver Plan, your cost may very well be as little as $27.50 monthly (paid in a $330 lump sum). 

Nevertheless, for those who pay month-to-month with a $75 service price, your premium for the Silver Plan may very well be as excessive as $40.83 a month. Relying on how usually you utilize your property guarantee, that could be the higher deal in the long term.

Enter your contact data in this simple kind or name 877-755-1115 to get a free quote from AFC Residence Membership.


#4 Finest for Worth Customers: Choose Residence Guarantee 

In order for you most worth for a minimal value, Choose Residence Guarantee is one other glorious possibility. Based in 2012, Choose Residence Guarantee is out there in 46 states and provides nice worth for the cash you’ll pay. Should you pay your premiums yearly, you’ll be able to even obtain two months of protection at no cost. 

Moreover, each Choose Residence Guarantee Plan comes with free restricted roof leak protection. Which means that your guarantee will cowl repairs for roof leaks over the inhabited components of your property, which the corporate locations at a $99 yearly worth. Should you’re liable for the roof in an older constructing, it could be a worthwhile perk.

Plan and Price Breakdown 

Choose Residence Guarantee’s three plans cowl dwelling methods (Bronze Care), home equipment (Gold Care) or a mixture of the 2 (Platinum Care). The excellent Platinum Care plan additionally consists of protection for storage door openers, ceiling followers and plumbing stoppages.

Protection Bronze Care Gold Care Platinum Care
Worth $44.42/month
$479.99/yr
$44.42/month
$479.99/yr
$49.83/month
$549.99/yr
Restricted roof leak
Air con
Ductwork
Electrical system
Heating system
Plumbing system
Water heater
Cooktop
Dishwasher
Rubbish disposal
Constructed-in microwave
Fridge 
Range/oven
Garments washer
Garments dryer
Storage door openers
Plumbing stoppages
Ceiling followers

Choose Residence Guarantee additionally offers the next checklist of add-on choices:

  • Central vacuum
  • Pool/spa
  • Septic system
  • Stand-alone freezer
  • Sump pump
  • Nicely pump

For an average-sized rental in NC, we have been quoted a value of $44.42 a month for the Bronze and Gold Care plans and a value of $49.83 for the Platinum Care plan. Nevertheless, for those who pay yearly, you’ll be able to obtain 14 months of protection for $479.99 or $549.99, respectively.

For a free quote from Choose Residence Guarantee, fill out this straightforward on-line kind or name 888-370-3956.


#5 Most Complete Declare Protection: First American Residence Guarantee 

Lastly, though First American Residence Guarantee is just obtainable in 35 states, its plans provide sufficient advantages to warrant a spot on our checklist. First American provides particular, decrease costs for rental homeowners, although its plans cowl the identical gadgets as they might in stand-alone houses. The corporate additionally covers pre-existing situations, and though you should usually purchase air con protection individually, it has excessive HVAC protection caps. 

First American’s most unusual providing is its First Class Improve, obtainable with both of its plans. This bonus provides protection for repair-adjacent gadgets and providers not normally lined by dwelling warranties, together with refrigerant recapture and disposal, permits, code violation upgrades and haul away. You’ll additionally achieve protection for lined gadgets which have been incorrectly put in or repaired.

Plan and Price Breakdown 

First American Residence Guarantee provides two totally different plan choices. The Fundamental Plan covers solely dwelling home equipment, together with a fridge, a washer and a dryer. The Premier Plan covers the whole lot within the Fundamental Plan and provides protection for main dwelling methods.

Protection Fundamental Plan Premier Plan
Worth $33/month
$360/yr
$44/month
$492/yr
Rubbish disposal
Dishwasher
Oven vary
Cooktop
Microwave
Trash compactor
Fridge
Washer and dryer
Plumbing
Plumbing stoppages
Water heater
Heating
Ductwork
Electrical
Storage door opener
Central vacuum system

With both plan, you’ll be able to add protection for any of those:

  • Air con
  • First Class Improve
  • Pool/spa tools
  • Extra fridge
  • Nicely pump
  • Septic tank pumping
  • HVAC tune-up

First American Residence Guarantee’s quote for a rental in NC was $33 a month for the Fundamental Plan and $44 a month for the overall plan. This represents substantial financial savings over the costs in the identical space for a single-family dwelling. Nevertheless, the service name price continues to be the identical at $85.

Name First American Residence Guarantee at 800-891-9778 or fill out this simple contact kind for a free quote.


Remaining Ideas

For one of the best total dwelling guarantee protection, we advocate American Residence Defend based mostly on its comprehensiveness and nice repute. Nevertheless, we acknowledge that it won’t be your best option for rental homeowners because it doesn’t provide an appliance-only plan. 

AFC Residence Membership, Choose Residence Guarantee and First American Residence Guarantee do provide equipment plans. The entire suppliers on our checklist provide free quotes, so be certain to do your analysis and know what protection you want earlier than buying a house guarantee.

What Is a Residence Guarantee?

A house guarantee is actually a service settlement that covers your property’s home equipment and methods within the occasion that they put on out in the midst of on a regular basis use. If a lined merchandise breaks, the house guarantee supplier will sometimes pay the majority of the restore prices for that merchandise, and also you’ll solely be liable for the service name price(s).

What’s Lined by a Residence Guarantee?

A house guarantee covers repairs and replacements of dwelling methods and home equipment that break down attributable to wear-and-tear injury. Usually, a technician will first attempt to restore the issue. If that isn’t attainable, the house guarantee firm will present a alternative or pay the house owner in money, normally at wholesale price. 

Most dwelling warranties solely cowl put on and tear injury, however some can also cowl injury attributable to improper set up or restore, inadequate upkeep, sediment, rust or corrosion. All the time learn your contract rigorously so you recognize what it’ll and received’t cowl.

How A lot Does a Residence Guarantee Price?

A house guarantee’s common value vary is between $30 and $60 a month, or about $360 and $720 a yr. Rental homeowners might pay barely much less since condos are sometimes a bit smaller than single-family houses and should share methods with different items.

Are Residence Warranties Definitely worth the Price?

Regardless of how effectively you keep your property’s home equipment and methods, they’ll finally Residence warranties don’t cowl each kind of harm, however put on and tear occurs to each merchandise in your house. Residence warranties may also present peace of thoughts to these concerned in actual property transactions. These promoting a house received’t have to fret about restore payments whereas their home sits in the marketplace, and people shopping for a house received’t have to fret about its home equipment and methods giving out within the first yr of possession.

Residence Guarantee Score Methodology

That can assist you discover one of the best dwelling guarantee, our evaluations staff researched quite a few dwelling guarantee corporations, analyzing their protection plans, pricing and customer support, amongst different components:

  • Protection: Residence guarantee corporations that present in depth protection and defend vital methods and home equipment, together with your air con, fridge and heating, scored increased than corporations with minimal protection.
  • Plan selection: A supplier with extra protection plans permits for extra flexibility amongst clients. Normally, most dwelling guarantee corporations present an appliances-only plan, systems-only plan and mixture plan.
  • Pricing: We scored suppliers based mostly on their month-to-month plan costs and repair name charges in comparison with the {industry} common pricing. Firms with extra reasonably priced protection obtained extra factors than corporations with costlier plans.
  • State availability: The place you reside will decide what corporations can be found in your space. Residence guarantee corporations that lined extra states obtained extra factors than corporations with a restricted state availability.
  • Trustworthiness: There are some dwelling guarantee corporations which can be scams and don’t observe by on their service agreements. We rated corporations based mostly on their years of expertise, scores on the Higher Enterprise Bureau (BBB) and buyer evaluations.

To maintain our knowledge present, our staff usually updates the information factors for every firm to make sure their protection choices, pricing and availability are correct.

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