The Best Appliance Insurance for Home

The Best Appliance Insurance for Home of 2020

In the current world ran by technology, our lives rely on simple domestic products such as microwaves and heaters. However, it can be a nightmare to many when one of these products stops working effectively at some point. In some cases, it even becomes difficult to handle a certain task without the help of a household appliance. An insurance plan for appliances is here to ensure that such problems are not a hindrance to you. Here, we will look at different home appliance insurance plans, what they are aimed at, their pricing, and how they differ from a home warranty.

A home appliance insurance can be considered as an extended warranty that you incur after the purchase of new appliances in your household. In most cases, it targets functional parts, which range from the tearing of products naturally to power surges to heaters in the house. One of the outstanding reasons why I would recommend an insurance plan for your home is because it helps do away with any cost encountered that had not been expected. Also, it ensures that you will never encounter problems with your basic household appliances such as washing machines and fridges.
BEST OVERALL
SquareTrade 5-Year Major Appliance Protection Plan

I would recommend you to try out the square trade appliance protection plan as one of the best options in the market. This protection plan covers the breakdown and malfunctioning of your appliances. What is more, the plan comes with gifs, while refunds can be made within the first 30 days.

What Are the Considerations When Selecting the Best Company for Appliance Insurance?

When choosing a plan for your home appliances, there are obvious factors that you should put in mind. They range from the cost of plan, coverage, transparency, and others. Also, make sure to check into detail what the plan has to offer and how it will benefit you. With that said, let us take a look at the things to consider when selecting an insurance plan for your home appliances.

Comparison Table

Features
  • 24 hours support
  • Provides awards and gifts
  • Good customer service
My Rating:
Check Price:
Features
  • 24 hours customer support
  • Has not deductibles
  • 100% reimbursement
My Rating:
Check Price:
Features
  • 100% reimbursement
  • Can cover single failures
  • Protection plan details will be delivered by EMAIL
My Rating:
Check Price:
Features
  • 100% reimbursement
  • 24 hours support
  • Good customer service
My Rating:
Check Price:
Features
  • Lacks deductibles
  • 24-hour support
  • 100% reimbursement
My Rating:
Check Price:

Review of the Best Home Appliance Insurance

Since you now can choose the level of coverage that is perfect for your needs, it is time I take you through some of the insurance for appliances you will find out there. Choosing a plan that will effectively repair or replace your home appliances will depend on what kind of appliances you have. However, you can also come to an agreement with the insurer concerning the fee charged on the repair and replacement of your appliances.

Also, when you choose a perfect plan, you will likely get peace of mind. What I mean is that, if you lack a protection plan, the responsibility of paying all repair and replacement costs will be upon you. With a good plan, you will not require to pay lots of dollars just to get your gadgets working normally. All this load will be held for you by your service provider. The only task you will have is calling out your home appliance protection service provider, and your problems shall be solved within a short period. Does this sound interesting to you? If yes, check out these 6 appliance extended warranty and insurance plans.

SquareTrade 5-Year Major Appliance Protection Plan

One of the outstanding reasons for recommending this plan as one of the best is because of its 24/7 customer support. It is also affordable since its pricing ranges between $500-599.99. More to that, it has no shipping fee of any repairs required for your products, while the order can also be canceled at any time and refund made in a range of 30 days as mentioned earlier. Also, this plan supports both new and refurbished products, which act as an added advantage as a plan for your home.

However, the company emphasizes on the terms and conditions they have set since purchasing the plan automatically credits that you have agreed on them. Therefore, you should take your time and go through the terms to avoid misunderstandings. Some of the appliances that the SquareTrade cover include: both mechanical and electrical failures, burning out of power supply, and basic malfunctions such as damage of internal parts after years of purchase. However, the company does not cover damages encountered intentionally, loss of equipment or appliance, and loss as a result of theft.

Pros

  • 24 hours support
  • Provides awards and gifts
  • Good customer service

Cons

  • Does not cover for loss of the appliance
Assurant 5-Year Appliance Protection Plan

This is a five-year appliance insurance plan that begins the day you purchase a product. However, for mechanical damages, it is considered to start after the expiry of the period warrantied from the manufacturer. For any item that was acquired on amazon within a range of 30 days, this plan provides 100% functional parts, including any labor required. The plan also has zero deductibles and has no hidden fees. In case a product is purchased as a gift, the plan offers a full transferable. In the case of food loss in refrigerators, it is reimbursed with up to 100% approved claim.

Some of the major deliverables of the plan include a 24-hour support system for claims. All the processes are integrated online for ease of use. Moreover, your problems are solved via fixing appliances, replacing, and reimbursing if unrepairable. The refund price cannot be less than the original price of the item at hand. The range of refund of claims is thirty days or below. One of the major advantages of using this plan is that it covers both mechanical and electronic equipment. It usually costs around $125-149.99. The type and value of the product being insured determine the exact amount you will pay. Some of the items that are not covered include cosmetics, stolen, and those that got damaged due to owners’ fault.

Pros

  • 24 hours customer support
  • Has not deductibles
  • 100% reimbursement

Cons

  • Few complain it is expensive
SmartGuard Powered by Guardsman - 5-Year DOP - Furniture Plan

One of the major reasons for recommending this plan as one of the best is because of its 24/7 customer support. Its characteristics resemble most of the other reviewed plans. It is also affordable since its pricing ranges between $50-100.More to that, it has no shipping fee of any repairs required for your products, while the order can also be canceled at any time and refund made in a range of 30 days as mentioned earlier. Also, this plan supports both new and refurbished products, which act as an added advantage as a plan for your home.

However, this home appliance warranty insurance fails to cover for equipment that has not been well-kept, one that is considered stolen, one that has been damaged as a result of negligence, one damaged by tearing out naturally, and any other damages that may pre-exist before insuring. Also, any repair done to an appliance without the consent of the administrators is not covered. In case an appliance is unrepairable, the company reimburses it as a gift card with an amount not less than the original price of the product. The plan costs around $50-100.

Pros

  • 100% reimbursement
  • Can cover single failures
  • Protection plan details will be delivered by EMAIL

Cons

  • Poor customer service
ASURION 4 Year Kitchen Protection Plan

This is an appliance warranty insurance that is easy to understand and use. The company got all your needs assembled. It comes with no deductibles while all parts and labor are provided. Shipping is also provided at no cost. Some of the deliverables of the plan include replacing and repairing of drops, spills, and screens that have cracked.

One of the outstanding features of this plan is that it provides 24-hour support to its customers. Also, there are no deductibles included. What is more, it only covers for appliances in your household after the expiry of the manufacturer’s warranty. In case you may want to file a claim, the process is easy with 24-hour online support. Also, if an appliance is unrepairable, it is reimbursed within 30 days. However, the plan only considers new products bought 30 days earlier without any pre-existing damage. The plan does not cover appliances stolen, cosmetic damages, and other parts that can be consumed.

Pros

  • 100% reimbursement
  • 24 hours support
  • Good customer service

Cons

  • Few complaints of redundancy in online delivery of content
ASURION 3 Year Portable Electronic Accident Protection Plan with Tech Support

This accident protection is one of the best among those you will find in the market today. There are several reasons behind this. One, the plan comes without any deductibles, while other parts and labor are included. Some of what will deliver to you include repairing or replacement of broken screens, and damages caused by dropping and spills. It also provides 24-hour technician support for maximum customer satisfaction. The support handles any issues related to connecting to the servers, troubleshooting for problems, and others.

In case you need to file a claim, the activity is readily available online with 24-hour support. If the product you provided is unrepairable, the plan reimburses it back to Amazon in the form of a gift with an amount, no less than you purchased the product. Also, the validity of the plan is only active when a product is bought within a range of 30 days. Moreover, it also supports both newly bought and refurbished goods. The pricing ranges from around $30-39.99, which pretty much affordable for any person interested in appliance insurance but has a budget constraint.

Pros

  • Lacks deductibles
  • 24-hour support
  • 100% reimbursement

Cons

  • Complaints of poor customer support

What Is the Cost of the Home Appliance Insurance?

The cost of an appliance insurance policy is the utmost factor to consider before making a decision on which to use. It is good that you note that purchasing a policy that covers a larger number of appliances and also that may be considered riskier increases your premiums. For instance, different policies may have service fees that differ when you ask for the assistance of a damaged appliance. Also, most policies will require you to pay a certain fixed amount without regard to the damage extent of your product.

What Is the Coverage of the Insurance Policy for Your Appliances?

The extent to which a policy covers goes in hand with the cost. The more you pay for a policy, the higher its appliance coverage. When selecting a good policy for yourself, make sure to choose one that will cover specific important appliances for you or those that are so close to you. This is because it is worthless paying for a policy that covers products you lack in your household.

How Does the Appliance Warranty Insurance Provide Service and Assistance to Its Customers?

Also, when deciding on which policy to use on your home appliances, check out the kind of customer services offered. The quality of service should be of high quality and should also consider your needs both before and after the services are offered. Also, make sure that one that you choose offers 24 hours support for handling claims.

How Transparent Is the Insurance Policy?

The services offered should be open, straightforward, and honest about how the policies operate. Any relevant information relating to how your needs will be satisfied has to be considered. This may include the pricings, internal processes of the insurance policy, terms and conditions, and performance.

What Is a Home Warranty?

A home warranty can be considered as any contract that covers repairs and replacement of systems and other appliances in your home for a specific amount of time. For instance, a home warranty can cover up your home appliances for up to one year. This type of warranty directly refers to you as an individual.

Compass Insurance

How Does a Home Warranty function?

A home warranty works in such a way that its deliverables act as a service contract or a replacement contract and covers essential products in your home. Generally, it ensures that you do not incur too many costs when repairing essential household items and replacements when necessary.

What Are the Differences Between Home Warranty and Home Insurance?

Although the purpose of both is to provide you with more advanced protection in your home, home warranty and home insurance offer different kinds of protection in the household. Home insurance generally helps you in paying structural damages and prevents your personal property from going to a loss. These might be caused by unexpected accidents such as a fire. A home warranty, on the other hand, helps in covering repairs and replacements of appliances of a household. In most cases, it is a result of old age and natural wear and tear.

Is It Worth Having a Home Warranty?

There are several reasons why you should consider a home warranty worth purchasing. Firstly, a home warranty covers all the systems and appliances in a homestead. However, having multiple warranties for your products will never be worth the cost. This is because having a well-detailed plan of a home warranty helps you choose one that will do all the work for you. Secondly, most of the warranties you will find in the market are cost-effective and affordable to anyone interested.

Frequently Asked Questions Related to Insurance for Home Appliances

For insurance plans for homes, there are questions most people often ask themselves and maybe lack well-detailed answers. Take a look at the following frequently asked questions related to most insurance for homes.

Is There a Need to Have Both Insurance Warranty and a House Appliance Insurance?

Although it is always useful to ensure appliances since you cannot predict when they will become damaged, there is no need to have insurance for your appliances if it has a warranty. This is because the warranty will cover any repairs in case your appliance haves a breakdown. However, most insurance for appliances starts to cover you up after the end of the manufacturer’s warranty.

Does Insurance for Appliances Cover Out Charges?

In most cases, insurance policies cover calls out charges only if the appliance at hand is repairable. Therefore, it is important that check the terms of an insurer to avoid unnecessary costs.

How Long Do Homeowners Appliance Insurance Last?

The term a specific policy covers entirely depends on the terms agreed before you purchase one. In some instances, an appliance warranty insurance might last to up to 20 to 30 years. However, you can also decide to insure for only a year or more. Some companies may even offer a term of up to 40 years.

The Best Insurance For Ice Makers

Do Companies Offer Multi Appliance Warranty?

Most insurance companies offer you the advantage of ensuring several appliances for a discount on the same policy.

Does the Age of an Appliance Matter?

Most insurance companies out there give a specific number of years that an appliance should have at maximum. In some instances, it can extend up to eight years and in some less than that.

Use the Best Appliance Insurance Cover to Cater for Maintenance of Your Home Appliances

After reading the article, I believe that you are now capable of knowing which insurance plan for your home appliances best suits you. However, you must also be understanding a few of the companies that offer insurance for home appliances. Choosing the perfect one now depends on you. Also, make sure to read into detail the factors to consider when choosing an insurance policy, as listed earlier. That will greatly be of benefit if you have not used any other insurance policy before. Choosing an insurance policy to trust has never been easy. Since it is a business like any other, selecting a perfect plan requires specific strategies and an understanding of things. That is why I am here to advise you about what to expect in this market field.

Are you still in a dilemma on whether to use an insurance plan for your home appliances? Do you still have a problem in selecting the best plan out there in the market? I believe that your answer is no. However, if you are still in a dilemma with any issue concerning home insurance policies, feel free to drop a comment in the comment section below. Also, feel free to share what you think about my article.

About the Author Yvonne Ferguson

Yvonne Ferguson is a culinary enthusiast and dedicated cooking tech reviewer. She’s constantly looking for the most up-to-date products and information to share with IceMakersHub readers. Yvonne enjoys making family-friendly recipes while sharing tips on choosing handy appliances for a healthy life.

Leave a Comment:

Our Comment Policy

Be kind. Ask questions. Discriminatory language, personal attacks, promotion and spam will be removed.

Our Comment Policy

Be kind. Ask questions. Discriminatory language, personal attacks, promotion and spam will be removed.