From refrigerators to dishwashers, the appliances in your home are a key part of everyday life. In the first half of 2021, large household appliance sales increased an impressive 31 percent

If you have or are thinking about getting home insurance, what do you need to know about your appliance coverage?

Read on for a list of three key things everyone needs to be aware of regarding appliance home insurance.

1. Home Appliance Insurance: What It Doesn’t Cover

Before you purchase home appliance insurance, it’s important to know what it doean’t cover. If there were any issues found during your new home inspection, those are not part of the insurance plan.

This insurance will also not cover the improper installation of your home appliances or any appliances specifically listed in your actual home insurance plan. It also won’t cover issues that are listed under the manufacturer’s warranty. Any unusual or excessive wear and tear are also not covered.

If you own any commercial-grade appliances, they’re typically not part of an appliance home insurance plan. Damage resulting from pests or cosmetic defects like a dent on your washing machine is also not typically covered, either.

2. Appliance Insurance vs Warranty

You may wonder if there’s a difference between having appliance home insurance and a home warranty. In most cases, these two are pretty much interchangeable.

Each of these types of plans is there to help protect you in case you ever need appliance repair. You can usually contact any company, like Asurion Appliance Repair to come and assess and fix any issues.

The idea of getting this insurance is to have additional coverage that’s not included in your standard homeowner’s insurance plan. It also makes maintenance easier and gives you peace of mind so you know your appliances will continue to work for years to come. 

3. Cost and Other Information

The cost for this type of insurance will vary depending on what type of appliances you have. It will also vary depending on if certain items are already covered under your standard home insurance plan.

Compare a few different options side-by-side to help you get the best plan pricing and coverage. You can typically expect to pay between $400 and $1,000 per year for an appliance home insurance plan.

If you have older appliances like an older model fridge or washing machine, then it’s always a good idea to protect your kitchen appliances and other appliances. The more coverage you have, the more you can prevent having to replace them if something breaks.

Protect Your Investment Today

Home appliance insurance isn’t a guarantee against all issues, but it can help you save money in the long run. Remember to read the fine print and compare costs to find the plan that’s right for you and your home.

For more great articles about home life, pets, and a whole lot more, check out the rest of my website today!

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