Our homes are increasingly filling up with electrical and electronic appliances designed to make our lives easier, but what happens when something goes wrong? Are our home appliances helping us, or just giving us a headache? We like to have a vacuum cleaner and washing machine, but if they break down it can be an expensive bill to pay.
What is a home appliance warranty?
Having a home warranty plan allows you to cover the cost of replacing or repairing damaged or broken home appliances, such as washing machines, garbage disposals, personal computers, home entertainment systems and other expensive items. A home warranty covers appliances that are not necessarily covered by general home insurance and are essential in extending the life of your appliance. You’ll want to make sure that your appliances are protected in the event of accidental damage.
What are the benefits of a home appliance warranty?
Most home insurance policies generally will not cover appliances that have broken due to normal wear and tear, and manufacturers warranties usually expire after one to three years. This is where signing up for a home appliance warranty allows you to extend the warranty period of your household appliances, allowing them to be repaired or replaced at minimal to no cost.
Another major benefit of a home warranty contract is that the age, model and make of the appliance do not matter. As long as the item is in good working condition and is well maintained, you can get coverage for that appliance.
This offer sounds like it is not one to be missed, but before buying into an extended home appliance warranty, it is important to weigh the benefits and cost of the of the warranty coverage versus the cost of replacing the appliance. There are some problems to bear in mind before buying a home appliance warranty
1. When you make a claim, extra costs may be incurred (your contract will outline details of these costs). Additionally, you may have to pay a Trade Service Call Fee to contractors who visit your home to assess your appliance.
2. The number of items covered is limited. Normally, you can cover from three to eight items, providing they are less than eight years old. For each additional item you add, you will be required to pay a small premium.
Remember, every appliance and every household is different, so it’s up to you to weigh the pros and cons of how you should spend your hard-earned money. What is important at the end of the day is to make sure that your home appliances have some insurance protection.Tags: appliance warranty, insurance protection