Does Your Warranty Cover Home Appliances?
70 million homes across the country are covered by homeowners' insurance.
Homeowners insurance is designed to provide you with protection in the event of a disaster or accident involving your home. It may help you repair or replace your belongings if they are damaged by certain perils, including fire or theft.
You may be wondering if your home appliances are covered by your policy. What happens to your stove, dishwasher, or washing machine in the event that it gets destroyed? Will you need extra protection to make sure your appliances are covered?
Let's take a look.
1. Certain Scenarios
Appliances get covered by your homeowner's insurance policy in certain scenarios. Under a standard homeowner policy, you can get coverage for appliance repair only if the damage or loss was the result of a covered peril. These include fire, smoke, hail, or falling objects.
If, for example, lighting strikes and causes a power surge, a homeowner's policy can help you repair or replace your television or air conditioner if it is destroyed in the fire.
If, however, your appliance breaks down because of age, a lack of maintenance, or wear and tear, your basic homeowner's insurance policy will not cover it.
2. Appliance Plan
Given the limited coverage provided for appliances by most standard policies, many homeowners choose to purchase additional plans for appliance protection.
Your dryer, for example, may have a bad fuse or it can be getting too hot. Your dishwasher may be leaking or making noise.
The rhythm of normal family life gets disrupted when the machines we count on malfunction. Bringing someone out to repair them is costly and time-consuming.
The right appliance plan can help defray the costs of repairing or replacing the household appliances we count on to make daily life run smoothly.
3. Home Warranty
A home warranty is a one-year service agreement that covers the repair or replacement of many major home systems, components, and appliances that break down due to normal wear and tear. It will typically cover your kitchen appliances, plumbing, water heater, and electrical system components. You should also be able to purchase coverage for your washer, dryer, and air conditioner.
A home warranty may be right for you if your appliances are subject to wear and tear, and you do not want to be adding up the cost if and when something you need breaks down. For a yearly fee, you could save yourself a great deal of money when it comes to the repair and replacement of home appliances. Depending on your contract agreement, the policy may replace and install a new appliance if your old one cannot get repaired.
Protection For Your Home Appliances
We depend on home appliances to keep our busy lives running smoothly. The right protection can ensure your peace of mind in case something goes wrong.
For more information on home warranty coverage, get a custom quote for your home and appliances today.