Blue Ribbon Home Warranty Reviews 2022- See Best Plans

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Buying a home is a big event. It is one of the most important investments you will ever make, and your new home becomes the most important place for you and your family. But there is something that a lot of people don’t realize about buying a new home. Not only is the purchase expensive to make, it is also very expensive to own a home.

When you buy a home, you use your savings and put everything into your new home. But often, before you can replenish your savings, you’ll find yourself paying unexpected expenses. Those unexpected homeownership expenses, like a broken heater or a leaking roof, can leave you frustrated and end up in serious financial trouble.

Fortunately, you can protect yourself and your bank account as the new owner. You only need a home warranty. But which is the best home warranty company for your needs? Let’s take a closer look at Blue Ribbon Home Warranty .

What Is blue ribbon home warranty

Blue ribbon home warranty has been offering home warranties to Coloradans since 1985. The company offers a selection of three homeowner plans that cover the costs of repairing or replacing major household appliances and systems. Customers can also purchase additional coverage for things like swimming pools, hot tubs, etc.

Compared to other home warranty companies, Blue Ribbon Home Warranty has a lower than average annual cost for covering your major home systems, but a higher than the average cost for your combo plan that covers major systems and appliances. domestic workers. We look at the Blue Ribbon House warranty based on coverage, limits, price, etc.

Its longevity is a clear sign of its credibility as it manages to thrive among a multitude of competitors in the home warranty industry. If Colorado homeowners trust their home with this home warranty provider for such a long period of time, you can trust them too.

If you own a rental property in Colorado, the Blue Ribbon Rental Home warranty can help save you money on repairs. The Blue Ribbon home warranty offers five optional coverage packages, allowing you to customize your plan and maximize your protection. For newly constructed properties, warranty coverage is also available.

WHAT IS A HOME WARRANTY?

A home warranty plan is a homeowner’s best defence against the unexpected service repair costs of a residential home’s major mechanical systems and appliances.

A lot of people don’t realize that they can buy a guarantee on their home, but it’s just like any other huge and important purchase. Like a car or appliance, you can easily get a home warranty that protects you in the event of problems or necessary repairs. And home warranty programs work like any other type of warranty. If some features or systems in your home fail, your warranty can help you fix them, without paying high out of pocket costs.

Blue Ribbon Home Warranty plans, coverage, and cost

Blue Ribbon offers three plans: Silver, Gold, and Platinum, with an average cost of $ 26.79 to $ 56.79 per month for 14 months. Plus, Blue Ribbon offers optional coverage on things like swimming pools, hot tubs, roof leaks, septic tanks, and more.

Silver plan: $26.79 per month ($321.48 per year). This plan covers 17 systems and appliances. It does not include central air conditioning.

  • Heating system
  • Ductwork
  • Plumbing system
  • Water heater
  • Built-in Whirlpool tub
  • Sump pump
  • Electrical system
  • Garage door opener
  • Central vacuum
  • Doorbell (wired)
  • Kitchen & bathroom exhaust fans
  • Refrigerator
  • Oven/Range
  • Dishwasher
  • Over-the-range microwave
  • Garbage disposal
  • Trash compactor

Gold Plan: $ 33.93 per month ($ 407.16 per year). This plan covers the entire Silver plan, as well as several other key systems and appliances, like central air conditioning and your washer and dryer.

  • Heating system
  • Ductwork
  • Plumbing system
  • Water heater
  • Built-in Whirlpool tub
  • Sump pump
  • Electrical system
  • Garage door opener
  • Central vacuum
  • Doorbell (wired)
  • Kitchen & bathroom exhaust fans
  • Refrigerator
  • Oven/Range
  • Dishwasher
  • Over-the-range microwave
  • Garbage disposal
  • Trash compactor
  • Washer
  • Dryer
  • Central A/C, evaporative cooler, heat pump, or whole house fan

Platinum Plan: $ 56.79 per month ($ 681.48 per year). This is Blue Ribbon’s most comprehensive coverage plan. Includes all Silver and Gold Plan systems and devices, plus the following:

  • Heating system
  • Ductwork
  • Plumbing system
  • Water heater
  • Built-in Whirlpool tub
  • Sump pump
  • Electrical system
  • Garage door opener
  • Central vacuum
  • Doorbell (wired)
  • Kitchen & bathroom exhaust fans
  • Refrigerator
  • Oven/Range
  • Dishwasher
  • Central A/C, evaporative cooler, heat pump, or whole house fan
  • Blue Ribbon Premier Upgrade
  • Maintenance plan
  • Second garage door opener
  • Three items from the “Additional Items” menu
  • Over-the-range microwave
  • Garbage disposal
  • Trash compactor
  • Washer
  • Dryer

Blue Ribbon Home Warranty Cost

The price of the Blue Ribbon home warranty ranges from $ 325 to $ 4,845 depending on the type of home, the plan and the length of the warranty. The company offers terms of 14 months or two years. There are also discounts for military and senior citizens which vary by plan and type of household.

  • Single Family: $375 (Silver), $475 (Gold), $795 (Platinum)
  • Condo/Townhome: $325 (Silver), $425 (Gold), $745 (Platinum)
  • Duplex (separate heating): $685 (Silver), $856 (Gold), $1,495 (Platinum)
  • Duplex (shared heating): $625 (Silver), $795 (Gold), $1,405 (Platinum)
  • Triplex (separate heating): $965 (Silver), $1,295 (Gold), $2,255 (Platinum)
  • Triplex (shared heating): $895 (Silver), $1,165 (Gold), $1,985 (Platinum)
  • Fourplex (separate heating): $1,275 (Sil ver), $1,715 (Gold), $2,855 (Platinum)
  • Fourplex (shared heating): $1,145 (Silver), $1,525 (Gold), $2,575 (Platinum)

Who should buy a home warranty?

If you are buying a home from a previous owner, you may want to consider getting a warranty for the home and one from a reputable company, especially if your home inspection reveals that several of the home’s appliances and systems are approaching. of their useful life. . Make sure you understand the terms and conditions of the home warranty, the length of coverage, and what it will and will not cover.

Home sellers might also consider offering home buyers a home guarantee to sweeten the deal. In the event that a major appliance stops working, it can be repaired or replaced inexpensively, which a new buyer will appreciate.

When to ignore a home warranty

It is not worth buying a residential warranty for a newly built home because you will end up with duplicate coverage. Homebuyers who purchase new construction usually get some type of builder’s warranty for the materials and workmanship of the home, including plumbing, electrical, heating and cooling systems, for one, two, or up to 10 years.

Appliances are generally not covered by the manufacturer, but usually come with a manufacturer’s warranty. In addition, some credit cards offer extended warranties in addition to the manufacturer’s warranty when purchasing new appliances. Therefore, if you are renovating your kitchen and paying for new appliances with a credit card, it may not be a good idea to purchase a warranty for the appliance. home for these devices

Advantages of home guarantees

  • A home warranty can give you peace of mind when buying a home with used appliances and older systems.
  • If you are new to an area, it is unlikely that you have established relationships with local contractors or mechanics to help with repairs.
  • Your home warranty company usually takes care of finding and hiring a reputable professional.
  • Older owners will especially appreciate the convenience of making a single phone call if something breaks or deteriorates.

Disadvantages of home guarantees

  • Home warranty companies have dollar limits per repair or per year. This can vary widely and usually the sky is not the limit.
  • Claims can be rejected by the home warranty company if an item has not been properly maintained, which can be a sore point as it can be difficult to provide a proper maintenance record, especially for homeowners that have just taken possession of the house. of a house.
  • Be aware that some home warranty companies use “improper maintenance” as an excuse to dispute justifiable claims.
  • Home warranty companies determine whether to repair or replace a system, and you may or may not agree with the decision.
  • If a device needs to be replaced, you may not have a say in some cases on the replacement make or model.
  • Under certain circumstances, such as a power surge, a device may not be covered.
  • Not all costs are always covered by your home warranty, and you will have to pay a service call charge every time you have a problem.
  • To Know what is covered and what is not is imperative. Please refer to the Protection Plan for the list of exclusions and to determine if you wish to update your contract.
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