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Home Appliance Insurance Explained


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Home appliance insurance is also known as a home appliance warranty plan refers to an insurance policy that promises to cover the maintaining and repairing costs of your home appliance. Home appliance insurance covers the expected wear and tear of insured parts of your home instead of covering sudden and unexpected events. Such an insurance policy provides relatively broad coverage, but before finding the best one for your home appliances, you need to analyze whether your appliances are at risk or not. The home appliances covered may vary depending on your selected policy.

List of home appliance insurance items:

Here is a list of different types of items that are potentially covered by home appliances insurance.

  • Heating systems
  • Clothes washers
  • Refrigerators
  • Ovens
  • Air conditioning
  • Pool
  • Septic system
  • Ceiling fan
  • Electric systems and many more.

Home appliance insurance types:

Mostly, home appliance insurance coverage is offered as a part of the standard package for covering specific appliances and higher-priced plans cover more items. The coverage is usually divided into two types: system coverage and appliance coverage.

kitchen appliances

  1. System coverage: Systems coverage includes items such as plumbing, electric systems that are spread throughout your home.
  2. Appliance coverage: Appliances coverage include stand-alone items like ceiling fans, refrigerator.
  3. Add-ons: There are some appliances and systems that may be included at higher costs such as pools and sum pumps because they are particularly risky to insure.

If you are looking for home appliance insurance, you should keep in your mind that such home appliance insurances can come under different names and forms. For example, a home appliance insurance policy is also known as a home appliance warranty or even a home repair insurance policy. Also, there are some policies such as extended warranty insurance that offers coverage for individual appliances instead of a group of different appliances.

Cost estimate of Home appliance insurance:

The cost of a home appliance insurance plan may vary depending upon the insurer and level of coverage. Normally, a home appliance insurance costs $400 to $1000 annually with NHSCA (National home service contract association. According to an estimate, the average cost of a basic plan may range from $400 to $550 annually. If you will buy a policy that covers relatively more home appliance items and opt for additional coverage riskier items will increase your premiums.

Things to consider while buying a home appliance insurance:

While shopping for a home appliance insurance policy, make sure you select the one that covers all the appliances you need at an appropriate cost and that may also differ for every individual. To come up with the best home appliance insurance policy you should research the available policy options along with their ratings of positive companies.

Here are tips to consider while shopping for home appliance insurance.

  • Get a home appliance insurance policy that covers your specific home appliances.
  • Get to know the limits of home appliance policies.
  • Start with Assessing the risk of your home appliances malfunctioning.

kitchen appliances

Example of a top home appliance insurance company:

  • Prominence Support
  • Choice Home Warranty
  • Complete Protection
  • American Home Shield
  • TotalProtect
  • AFC Home Club
  • Home Warranty


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