Blue Ribbon Home Warranty Reviews 2023- 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, but 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 has three plans for homeowners that cover the costs of fixing or replacing major home systems and appliances. Customers can also purchase additional coverage for 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 average cost for your combo plan that covers major systems and appliances and 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 thrives among many home warranty industry competitors. 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 defense against the unexpected service repair costs of a residential home’s major mechanical systems and appliances.

Many people don’t realize 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.

Are Home Warranties Worth it?

When a seller offers to pay for a house warranty on your behalf, you should probably take them up on it. Although it may not provide the best security, it might help you feel more secure in your new house if you want to keep using the existing appliances and systems for a while.

How do you Determine if a Warranty is Worth it?

The most objective approach to assess a warranty’s worth is to compare its cost against the cost of prospective repairs or replacement. Combine your information on the likelihood of product failure, repair expenses, and replacement cost to calculate a monetary risk.

What are the three Basic Rules of Warranty Liability?

  • Breach of warranty
  • Negligence
  • Strict liability.

Blue Ribbon Home Warranty Plans, Coverage, and Cost

Blue Ribbon offers three plans: Silver, Gold, and Platinum, with monthly costs ranging from $ 26.79 to $ 56.79 for 14 months. Also, they offer 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 and 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, varying 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 (Silver), $1,715 (Gold), $2,855 (Platinum)
  • Fourplex (shared heating): $1,145 (Silver), $1,525 (Gold), $2,575 (Platinum)

Who Should Buy a Home Warranty?

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

As an added bonus, sellers might also consider giving buyers a home guarantee. If a major appliance stops working, it can be repaired or replaced inexpensively, which a new buyer will appreciate.

Is it Too Late to Buy a Home Warranty?

Whether you’ve been in your house for a few months or a few years, you can always get a warranty on it. No changes should be made to your coverage plans.

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 a builder’s warranty for the materials and workmanship of the home, including the plumbing, electrical, heating and cooling systems, for one, two, or up to 10 years.

Most manufacturers don’t cover appliances, but they usually come with a manufacturer’s warranty. Also, some credit cards offer extra warranties on top of the manufacturer’s warranty when you buy a new appliance. So, if you are remodeling your kitchen and buying new appliances with a credit card, it might not be a good idea to buy an appliance warranty 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, you are unlikely to 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.
  • The home warranty company can reject claims 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.
  • Your home warranty always covers not all costs, and you will have to pay a service call charge every time you have a problem.
  • Knowing 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.

Is a Home Warranty Worth it After the First Year?

While a home warranty requires an annual fee, the advantages might far surpass the expenses of repairs. With just one repair call each year, you may repay the whole cost of the house warranty. For example, the average cost of repairing a water heater is $546.

How Much Should You Pay for an Extended Warranty?

According to research, an extended car warranty can range in price from $1,300 to $4,600, with the average cost around $2,600. Prices vary so greatly because so many factors might affect expenditures, such as the plan type and contract term you select.

Does a Warranty Mean You Can get a Refund?

A warranty assures a product will be serviced, maintained, replaced, or refunded within a certain time frame.

What You Should Know

According to the Blue Ribbon Home Warranty contract, any systems and appliances that are repaired or replaced are warranted for 30 days. After this period, the homeowner is responsible for the full cost of repairs should the same systems or appliances fail for the same reasons.

Homeowners who terminate this agreement in writing within 10 days of signing will get a prorated refund of the paid contract fee for the remaining period, less a 10% administrative fee and any costs or expenses incurred by the company in providing services to the homeowner. Suppose a monthly payment policyholder wishes to discontinue their coverage. In that case, they must give the insurance provider 10 days’ written notice and pay all monthly premiums owing up to and including the date of termination, plus a 10% cancellation fee.

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