When it comes to protecting your investment, a home appliance extended warranty is an invaluable tool. Depending on your specific needs and budget, you can choose from a variety of plan lengths. Protection plans are designed to cover the cost of repairs after your manufacturer’s warranty expires. They typically have a set cost that is predictable from the outset, minimizing unexpected expenses.

Comprehensive Coverage

Home appliances can be expensive to repair or replace. An appliance protection plan or extended warranty helps alleviate the financial burden by covering many of the associated expenses. These plans typically resemble warranties sold by manufacturers and retailers but may be available to consumers outside of the point of purchase. While a manufacturer’s warranty typically only covers replacement costs, an extended warranty may include more extensive coverage for specific appliances. An extended warranty is also different from a home warranty, which provides bundled protection for the various systems of a house.

When an appliance malfunctions, the homeowner can contact the appliance extended warranty provider to be connected with a qualified service technician. These technicians are familiar with the make and model of each covered appliance and can address the problem efficiently. The appliance warranty company can also provide a user-friendly dashboard to view the terms and conditions of the policy at any time. This simplifies the process for homeowners and can minimize unnecessary delays.

Peace Of Mind

Home appliances like refrigerators, washing machines, and dishwashers are expensive. Investing in an extended warranty can provide peace of mind in knowing you’re protected against any potential malfunctions or repairs in the future. Typically, these plans can be purchased from either the manufacturer or retailer. Many retailers offer their own warranties to help drive sales and earn profit, while home warranty companies specialize in contracts and connecting customers with technicians.

It’s important to keep in mind that these protection plans can be pricey, and there’s a possibility you may never need to file a claim. However, the peace of mind alone can make a purchase worth it for some homeowners. If you do decide to buy one, find a reputable service provider that offers customizable coverage and a reliable network of professionals. Enter your zip below to get matched to top-rated pros near you. You can even request a free quote! 2018 CPS Central, All Rights Reserved.

Predictable Costs

Most major appliances are expensive, so you want to make sure your new purchase lasts. Some retailers offer extended protection plans to help you protect your investment. However, these service contracts can be costly. Many warranty companies also offer all-in-one appliance warranties. For a flat rate, you can receive repair and replacement services for a certain number of household appliances. These contracts typically come with a guaranteed repair timeline. After you submit a service request, the home warranty company will locate an independent third-party service provider in its network and schedule a repair appointment.

The bottom line is that it’s up to you to decide if an appliance warranty is worth the extra cost. But before you jump into a contract, make sure to carefully review the terms and conditions. You can also try to negotiate with retailers or use credit cards that include extended warranty protections as a benefit. And don’t forget to save money in an emergency fund to cover potential repairs or replacements if you do need to pay for them.

In-Home Service Calls

If your home appliance needs repair or replacement, you can call the service provider to schedule a visit. The company’s technicians will assess the issue and determine whether it is covered under the plan. A service call typically entails a small one-time fee, but the rest of the costs will be covered by your home appliance extended warranty. While some retailers offer their own warranties to add to an appliance purchase, many homeowners prefer a third-party home warranty provider. These companies specialize in appliance coverage contracts and connect customers to authorized service technicians.

Be sure to research a home warranty service company thoroughly before signing any contract. Review the company’s website for reviews and read the terms of each plan. Frequent maintenance and careful record-keeping can help prevent claim denials if something goes wrong. This may also reduce the need for costly repairs in the future. Most plans cover the cost of parts and labor, but some include additional perks such as food spoilage compensation.

Conclusion

There is no doubt that an appliance extended warranty provides peace of mind. However, deciding whether to purchase one is no simple task. Besides covering repair costs, these protection plans offer many other benefits. Here are some of the most important to consider.