iBex Home Warranty, founded in 2017, is a relatively new player in the industry based in Utah. Despite its short five-year tenure, the company’s exceptional customer service has earned it an A+ accreditation from the BBB. A notable feature of iBex is that the plan has no waiting period; the plan commences immediately upon payment.
To curate this iBex home warranty review, our editors have researched the company’s details and explored many customer reviews, aiming to provide homeowners with insights into the following aspects:
- Plans and coverage details
- Dollar limits & exclusions
- Guide to filing claims
Why Ibex Home Warranty?
Offers Coverage for all major systems and appliances
A 30-day repair guarantee
A+ rating with the BBB
Pros & cons
Pros
- No waiting period; coverage begins instantly after paying the premium
- Offers comprehensive coverage
Cons
- Lack of transparency regarding coverage limits
Enquire For Cost-effective home warranty plans
Protect Your Home Appliances And Systems Starting As Low As $1.5/Day
Plans & Coverage Of iBex Home Warranty
iBex home warranty offers only one plan containing major home systems and appliances under six categories. These categories are:
- Kitchen Appliances
- Laundry Appliances
- Electrical
- Interior Plumbing
- Air Conditioning
- Garage Doors
Check out the table below to explore the items included in the plan:
Items Included |
Coverage |
Refrigerator | ✓ |
Electric or natural gas range | ✓ |
Wall oven | ✓ |
Cooktop | ✓ |
Microwave oven | ✓ |
Built-in dishwasher | ✓ |
Range hood | ✓ |
Clothes washer (top load or front load) | ✓ |
Natural gas or electric clothes dryer | ✓ |
Primary breaker or fuse panel | ✓ |
Interior power supply wiring | ✓ |
Standard switches mounted | ✓ |
Standard outlets | ✓ |
Bathroom exhaust fans | ✓ |
Standard doorbells | ✓ |
Exterior A/C condensing unit | ✓ |
Interior A/C evaporator coil | ✓ |
A/C line set and wiring | ✓ |
Freon and refrigerant | ✓ |
Control thermostat | ✓ |
Natural gas or propane forced-air furnace | ✓ |
Condensate drain pump | ✓ |
Fresh water supply system within main foundation walls | ✓ |
Sewage drain system within the main foundation walls | ✓ |
Natural gas supply system within main foundation walls | ✓ |
Attached garage door | ✓ |
Note: iBex does not provide coverage for additional items.
Coverage Limitations & Exclusions
iBex has set some coverage limits on each covered system and appliance. This means the company will pay up to this amount to protect your home items.
According to the company’s recent brochure, iBex does not detail such information to the customers before the purchase.
iBex does not provide coverage for the following things:
- Failures that occur for any reason other than normal wear and tear
- Any secondary damage that needs repair
- Reimbursement for repairs done for other than the mentioned factors
- Pre-existing conditions
- Failures brought on by improper upkeep, installation, or repairs
Note: We strongly recommend you contact the company and read your service contract thoroughly to understand the coverage limits.
iBex Home Warranty Cost
The iBex home warranty costs $700 annually for a single-family home less than 5000 sqft. You must contact the company for a customized quote if your home is over 5,000 sq. ft.
Apart from the premium, customers must pay an $85 service fee, also known as a ‘copay,’ for service visits during normal business days. However, if a claim is submitted on a holiday, weekend, or after hours, the company charges a copay of $170, which is quite expensive.
Review Of Plans, Coverage & Customer Service Of iBex Home Warranty
iBex offers a comprehensive plan that covers major systems and appliances. Additionally, the company has an easily accessible sample contract that makes it convenient for customers to understand the coverage precisely.
Review Of iBex Home Warranty’s Plans & Coverage
- Although iBex offers just one plan, it covers a long list of items in its catalog. From major appliances to critical systems, the company covers all.
- However, iBex has recently updated its terms, under which the pricing has been increased to $700 per annum from $600.
- Customers are charged an $85 copay per service call, which aligns with industry standards. However, the company’s policy of imposing a $170 deductible for claims filed on weekends or holidays burdens customers.
- Furthermore, iBex previously included details about coverage caps in its contract, but now they have chosen to conceal such crucial information.
Review Of iBex Home Warranty’s Customer Services
- The A+ rating on BBB highlights iBex’s dedication to delivering quality service. Customers affirm that they have utilized iBex’s services for extended periods without issues and attest to receiving satisfactory assistance during emergencies.
- However, some iBex home warranty reviews state incidents where they were charged additional fees due to contractor negligence problems.
iBex Home Warranty’s Claim Filing Procedure: Phone Number, Web Portal, & Online Form
To file a claim with iBex home warranty, follow these steps:
- You can initiate your claim with iBex by contacting them Monday through Friday, from 9 am to 5 pm, either by calling 801-731-4239 or emailing info@inexhw.com.
- You can also initiate your claim using their website’s online repair request portal.
- Once your complaint is registered, you will be assigned an approved and authorized iBex contractor.
- If servicing is carried out during normal days, you must pay a service charge of $85. However, the ‘copay’ or service charge will be $170 during after-hours, weekends, or holidays.
Note: iBex states that any additional unrelated problem must be filed separately, and customers are responsible for paying the associated ‘copay.’
Conclusion
In summary, iBex Home Warranty could be a favorable option for Utah homeowners; however, the updated pricing and lack of information regarding coverage limits may pose potential concerns. Moreover, the product can only be purchased via real-estate transactions; if this doesn’t apply to your situation, we suggest you look into other alternatives.
We highly recommend homeowners thoroughly read the terms and conditions and inquire about the coverage limits by contacting the company before purchasing a plan from iBex.
Quick Details About The Company
Take a look at some important details below to learn more about iBex’s home warranty.
Year Of Establishment |
2017 |
CEO |
Chad Holmes |
Address |
iBex Home Warranty, Department 367, PO Box 30015, SLC, UT 84130 |
Type Of Company |
Private |
Why Should You Trust Us?
- We conducted a comprehensive analysis of iBex Home Warranty’ coverage terms to refine and improve their descriptions
- Our evaluation involved studying various customer reviews from various platforms to grasp customer concerns and perspectives
- This detailed review is the result of 31 hours of extensive research dedicated to understanding every aspect of the company
- All the information presented in this review originates directly from iBex’s official website and their sample contract
Frequently Asked Questions (FAQs)
Does ibex Home Warranty Have A Waiting Period?
A.
As per the contract, the iBex home warranty becomes effective on the same day you pay.
Can I Cancel My Contract With Ibex Home Warranty?
A.
You can terminate your agreement at any moment and receive a prorated return. Please be aware that there is a $200 cancellation fee.
Can You Renew Your Ibex Home Warranty Plan?
A.
According to the contract, after completing one year of coverage, you may have the option to renew for another year. Restrictions and pricing may vary based on usage. iBex will contact eligible holders regarding renewal.
Does Ibex Home Warranty Cover Plumbing?
A.
iBex home warranty does cover interior plumbing under its plan. It includes a fresh water supply system, a drain-waste system, and a natural gas supply system.
In Which States Does Ibex Home Warranty Offer Its Services?
A.
iBex home warranty is available only in Utah.
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