Reasons why buying a home appliance warranty is worth it…
Today’s guest post article comes from Richard O’Neill, content writer at Everythingbreaks.com, Consumer Electronic Warranty Provider Company, which also offers Appliance Extended Warranty, who shares some great information about why a home appliance warranty is worth purchasing.
Personally, I have always used the convention that if I can easily afford to replace the appliance, I avoid picking up the warranty. However, if it is a big ticket item, like a washer, dryer or refrigerator, it is a no brainer. I recently had to use my home appliance warranty form my General Electric (GE) Profile refrigerator. It was in the last month of the warranty. I paid nothing for the repair and it would have cost upwards of $700+ to fix a broken fan and computer board to fix the refrigerator to have the repair diagnosed, for parts and labor. It saved our family’s budget that month and I couldn’t be more glad that our family picked it up at the time when we purchased the refrigerator. However, if you didn’t pick up the extended service plan at the time of purchase a home appliance warranty is a good alternative and you can pick one up anytime when you own the appliance. Appliances breaking down due to use is inevitable. Are you ready for the time when that happens? Be ready by learning more about home appliance warranties and how they can save you boat loads of money in the long run.
Why a home appliance warranty is worth purchasing
Do you have a trusted appliance lying around your home? Is it accurate to say that they are present for the past few years, yet you would prefer not to replace or give them away? There is no other choice other than replacing or repairing it with a new one? Don’t worry! This article will reveal some insights on how to protect your household appliances against potential breakdowns and whether protecting them is really worth the money.
Difference Between a Home Warranty and Appliance Insurance Policy
Let’s start by comparing the Home Warranty from the real Appliance Insurance Policy. The basic difference between the two is that the Home Warranty covers repairs and replacements of failed appliances and framework, while the insurance on home appliances covers damage or harm caused to your home and its content by any natural disaster or burglary. This is the reason you have to peruse the guide about how to purchase a home warranty plan. You can generally find a contractor to fix your damaged appliance. Inevitably, the costs associated with these sorts of situations are somewhat high. The other alternative that you have is to apply for a Home Warranty plan. Make sure to know the home appliance insurance cost before you become tied up with your plan or policy.
What Is a Home Appliance Warranty Plan?
The home appliance warranty plan is an agreement or a service contract. It usually covers the repair and replacement of appliances or systems in your home. The yearly premium for a home warranty plan can go in the range of $240-$450. Each time when you contact the warranty company for service you pay an administration charge typically called a deductible. This is somewhere around $50. The home appliance warranty plan covers the following items:
- Clothes dryer
- Clothes washer
- Garbage disposals
- Hot water heater
- Ice compactor/dispenser
What plans are available and do I actually need them?
Clearly, you have two alternatives, you can either choose an appliance extended warranty or you can get a Home Warranty which covers all of your appliances. It is recommended that you get a home warranty on appliances as purchasing an extended warranty for every appliance isn’t perfect or ideal. A home warranty is highly valuable if your appliances are more than four years old. However, be sure to pick extended warranty plan if your home and the appliances have a manufacturer’s warranty. At this point, using the information above, you now know the difference between a home warranty and homeowner’s insurance.
How does it work?
The company offering Home Warranty Plans sign contracts with merchants offering repair services to the appliances. On the off chance that you approach your warranty provider with a claim, they call up the repair facilities to service your appliance. They, therefore, send a professional to assess the state of your appliances. He will decide whether your appliances should be fixed or replaced. The administration charges i.e. deductible expense, of the professional, will be paid by you and it is always nominal.
A few things to know about Appliance Protection Plans
At some point you may encounter the following:
- Home warranty plans are an approach to ensure protection and to lessen maintenance costs. They don’t cover all appliances nor do they pay for prior issues.
- All companies don’t offer the best customer service. Ensure that the Home warranty provider you pick accompanies high recommendations. You can start with Yelp or the Better Business Bureau in your research on these companies.
- Ensure that you thoroughly read the agreement for Home Warranty on appliances. This ensures that conflicts don’t emerge later once an appliance needs service repairs.
- Home Warranty providers more often than not opt to repair the item rather than replace damaged home appliances. Further, the waiting period for this is typically extensively longer than simply replacing the item. In the worst case scenario, claims are can be rejected on unclear grounds. Additionally, it could be rejected by directing the policy holder to the terms and conditions from the contract that are often neglected or overlooked by the customers.
- You should read your agreement cautiously and thoroughly.
Advantages of Home Warranty
Here is the outline of the benefits you will have if you purchase a Home Appliance Warranty Plan:
- Affordable plan: The yearly premium, and the deductible you pay, are both reasonable to most U.S. residents.
- Confidence: This is something that can, once in a while, be purchased with cash. Home Appliance Warranty Plans give you a stress-free life. It does so by calming you from stresses over sudden costs happening because of damage to your appliances.
- Broad inclusion: A appliance warranty plan will cover practically the entirety of your home appliances and systems.
- Legal actions: It is recommended that you should sell your home when the home warranty on appliances is legitimate and transferrable. The warranty providers will deal with any appliances that the policy supports or any damage caused by an appliance to a home. If an appliance isn’t covered in the home, the buyer can sue the seller if it breaks down or causes damage after the sale of the home.
It is very important to read the contract very thoroughly. You can get a free estimate on a home appliance warranty from top-rated warranty providers. Overall, it is truly and investment worth making and why a home appliance warranty is worth purchasing.