Find the Best Home Warranty Companies in Sioux City, IA

Home warranty coverage in Sioux City

Home warranties help cover repair costs for home systems like electrical, HVAC and plumbing as well as major appliances like refrigerators, stoves and dishwashers. When something breaks or a system stops working, you file a claim, pay a service fee — usually from $55 to $200, depending on your plan — and your warranty company takes care of the rest.

As a Sioux City homeowner, you may have any of several reasons for buying a home warranty. If you live in an older home in a historic neighborhood like Rose Hill, your household systems may be more likely to break down. Maybe you’re a new homeowner in Sergeant Bluff and worried about paying for any additional expenses immediately after making a big purchase. Or perhaps you’re selling a home in Morningside and want to make your property more attractive to potential buyers.

How to get a home warranty in Sioux City

You can buy a home warranty at any time, whether you’re closing on a house or you’ve lived in it for years. When shopping for a home warranty in Sioux City, consider the following:

• Coverage needs. How old are your appliances? Are any of them still under a manufacturer warranty? Have you replaced any of your home systems like plumbing or electrical recently? How old are your systems and what condition is each of them in? Which appliances or system components would be too expensive to replace out of pocket without a home warranty?
• Company comparison. Get multiple quotes and compare similar plans. How much are service fees? What is and isn’t covered by the warranty? Some warranties may only cover specific parts of a system or an appliance.
• Check coverage limits. Read the fine print. Are there dollar coverage limits for systems or appliances? Does the warranty have a maximum coverage limit?

Most Sioux City home warranties are a one-year contract with service fees ranging from $55 to $200 and a 30-day waiting period before the policyholder can file a service claim. Before you sign a warranty contract, read reviews from customers to find out if they are satisfied, and review the Federal Trade Commission’s warranty tips.

Sioux City home warranty costs

A home warranty in Sioux City costs around $585 a year, or between $49 per month, on average. How much a home warranty costs depends mainly on the extent of coverage and the service fee amount. Comprehensive warranties that cover major appliances and home systems cost more than individual systems or appliance warranties. To lower your monthly costs, opt for a higher service fee.

Service fee options range from $55 to $200 in Sioux City, depending on the warranty plan. A service fee is required each time you file a claim for a repair or replacement and the home warranty company sends a contractor to your house. Service fees are an additional cost and not included in monthly premiums.

We asked for quotes from American Residential Warranty, HMS Home Warranty and American Home Shield to see how much it costs for a plan that covers systems and appliances in Sioux City at the time of publishing. Your exact quote might vary.

• American Residential Warranty: The American Residential Warranty Platinum Premier plan in Sioux City costs $59.99 a month with a $55 service fee. It covers systems and appliances.
• HMS Home Warranty: The HMS Base Plan in Sioux City costs $40.75 a month with a $100 service fee. The plan covers systems and appliances.
• American Home Shield: The American Home Shield Combo Plan in Sioux City costs $59.99 a month with a $75 service fee and covers systems and appliances.

Sioux City home warranty FAQ

What is a home warranty?

A home warranty is a service contract that helps cover the cost of repairing or replacing major appliances and household systems, including but not limited to dishwashers, refrigerators, water heaters, plumbing, HVAC and electrical. Much like insurance policies, home warranties are available in a variety of options with different coverage levels and service fees (similar to deductibles). Warranties typically cover appliances, systems or both, and most have additional coverage options for items like septic systems and well pumps.

How does a home warranty work?

The home warranty process is fairly simple. Select a plan, sign a contract (usually for a year) and make monthly payments. When an appliance breaks or a home system stops working, file a claim by contacting the warranty company. Usually, the company will send a qualified contractor, but some companies may offer the option to select your own. The contractor will inspect the broken appliance or system and, as long as it’s covered under your contract, make the repair or replacement. You pay the contractor a service fee, and the warranty company pays for the rest of the costs (within coverage limits).

What does a home warranty cover?

A home warranty covers major household appliances, like stoves and dishwashers, as well as home systems, including plumbing, electrical and HVAC, when they break down from normal wear and tear. Add-on coverage is available for secondary appliances, pools, spas, sump pumps, electronics and more. Coverage varies by company.

Are home warranties worth it to Sioux City residents?

Home warranties are worth it mainly to Sioux City residents who live in homes with older appliances or systems that are no longer covered under manufacturer or contractor warranty. Other purchasers of home warranties include new homeowners, those selling homes and property investors. Home warranties can pay for themselves after one or two major repairs.

Does a home warranty cover water damage?

A home warranty may cover repairing the cause of the water damage, but it does not cover the water damage itself. For example, if your dishwasher leaks, your home warranty would pay to fix or replace your dishwasher, but it wouldn’t pay for damaged flooring.