Home appliance insurance, also known as home warranty insurance, is a type of insurance that covers the repair or replacement of home appliances and systems, such as refrigerators, air conditioners, washers, and dryers. This type of insurance is designed to provide financial protection for homeowners in the event that their appliances or systems are down or malfunction due to normal wear and tear. The coverage may vary depending on the insurance company and policy, but it typically covers the cost of parts, labor, and service calls for eligible appliances and systems.
In America, home appliance insurance is offered by a number of insurance companies, and can be purchased as an add-on to a homeowner’s insurance policy or as a separate policy. The cost of the insurance will depend on factors such as the age and type of appliances, the coverage amount, and the deductible. Some insurance companies may also offer coverage for additional appliances or systems, such as swimming pools, hot tubs, or septic systems. If you’re considering purchasing home appliance insurance, it’s important to compare the coverage and costs offered by different insurance companies to find the best policy for your needs.
Benefits of home appliance insurance
Home appliance insurance can provide peace of mind and help homeowners manage the costs of appliance repair or replacement. Some of the benefits of having home appliance insurance include:
Financial protection: Home appliance insurance can help protect homeowners against the high costs of repairing or replacing appliances that break down due to normal wear and tear.
Convenience: With home appliance insurance, homeowners can avoid the hassle of finding and paying for repair services on their own. The insurance company will handle all the arrangements for repair or replacement.
Peace of mind: Home appliance insurance can provide homeowners with the peace of mind that comes with knowing that their appliances and systems are covered in the event of a breakdown.
Wide coverage: Some home appliance insurance policies may cover a wide range of appliances and systems, including refrigerators, air conditioners, washers, dryers, and more.
Cost-effective: Home appliance insurance can be more cost-effective than paying for expensive repairs or replacements out of pocket.
Reduced stress: Having home appliance insurance can help reduce the stress and uncertainty that come with appliance breakdowns, as homeowners can rely on their insurance to cover the cost of repairs or replacements.
Expert service: Home appliance insurance companies typically work with a network of qualified repair professionals, who are trained and experienced in fixing a wide range of appliances and systems.
Time-saving: With home appliance insurance, homeowners don’t have to spend time searching for reliable repair services. They can simply call their insurance company and let them handle the rest.
It’s important to note that home appliance insurance is not the same as homeowner’s insurance, which covers damage to the home itself and its contents. Home appliance insurance is a separate coverage that provides protection specifically for appliances and systems. Before purchasing home appliance insurance, it’s a good idea to carefully review the coverage, exclusions, and limitations to make sure that it’s the right choice for you.
Here are 5 best American home appliance insurance companies:
American Home Shield:
American Home Shield is one of the largest and most well-known home warranty companies in the United States. They offer comprehensive coverage for a variety of appliances and systems, including refrigerators, dishwashers, washers and dryers, and more.
Choice Home Warranty:
Choice Home Warranty is another popular home warranty company in the US. They offer coverage for a wide range of appliances and systems, and their plans are flexible, allowing homeowners to choose the coverage that best fits their needs.
Total Home Protection:
Total Home Protection offers home warranty coverage for a variety of appliances and systems, including air conditioners, washers and dryers, and refrigerators. They are known for their excellent customer service and quick response times.
Home Warranty of America:
Home Warranty of America is a well-established home warranty company that offers coverage for appliances and systems such as air conditioners, washers and dryers, and more. They also offer a range of coverage options, allowing homeowners to choose the plan that best fits their needs.
First American Home Warranty:
First American Home Warranty is a leading provider of home warranty coverage in the United States. They offer coverage for a variety of appliances and systems, including refrig
