Buying home appliance insurance provides peace of mind should a covered item suddenly need repair or replacement. Learn how purchasing can save you time and money on the items you use every day and where to find this protection. Our team researched and reviewed the best home warranty companies to give you a head-start.
Today’s Homeowner works with an independent reviews team to create evidence-based research that helps our readers make informed decisions. The reviews are always independent. For transparency, we may be compensated if you purchase through a link.
Best Home Appliance Insurance Options
1. American Home Shield: Top Recommendation
American Home Shield offers three plans: Its ShieldSilver™ Plan covers 14 major systems. TheShieldGold™ Plan covers the systems covered by the ShieldSilver™ Plan and adds coverage for major kitchen and laundry appliances up to $3,000. The ShieldPlatinum™ Plan covers all 23 systems and appliances in the ShieldGold™ Plan and adds $1,500 of roof-leak coverage. It also increases the coverage limit on appliances to $6,000.
The ShieldGold and ShieldPlatinum plans are a great way to keep your appliances protected, and it never hurts to get a price quote to see if it’s worth it for you.
|Available in every state but Alaska||Requires 30-day waiting period before servicing starts|
|Sliding scale for service call costs||Coverage limitations for air conditioning systems|
|Discounts available for referrals, additional properties and retail products|
Here’s a breakdown of what’s covered by each American Home Shield plan:
|Coverage||ShieldSilver Plan||ShieldGold Plan||ShieldPlatinum Plan|
|Built-in exhaust/vent/attic fans||✓||✓|
|Main breaker/fuse panel box||✓||✓|
|Interior electrical lines and DC wiring||✓||✓|
|Interior plumbing line leaks and breaks||✓||✓|
|Plumbing valves and fixtures||✓||✓|
|Whirlpool tub motor and components||✓||✓|
|Instant hot/cold water dispensers||✓||✓|
Add-on coverage from American Home Shield includes the following:
- Pool and/or in-ground spa equipment
- Well pump
- Septic system plumbing and septic sewage ejector pump
- Extended warranties for electronics
You can file a claim online or by calling the company directly. Upon approval, a service technician will visit your home or commercial property for servicing.
Warranty plans range from $49.99 per month to $59.99 per month. Service fees cost $75 to $125 per visit. If you choose to pay a higher fee for service calls, you will pay a lower monthly rate for your warranty plan.
2. Choice Home Warranty: Best for Aging Homes
Homeowners with older homes and aged appliances or systems can benefit from having home appliance insurance coverage with Choice Home Warranty. This company offers two appliance insurance plans: the Basic Plan and the Total Plan. Optional coverage is available for a variety of indoor and outdoor appliances and systems.
|Two coverage plan options, plus add-ons||Service call costs add up over time|
|File a claim online or by phone anytime, even nights and weekends||Spending caps on certain categories are lower than other home warranty companies|
|Basic Plan includes both systems and appliances — you don’t have to choose|
Below is a breakdown of the plan options and coverages:
|Coverage||Basic Plan||Total Plan|
|Oven, stove, and cooktop||✔||✔|
|Exhaust and ceiling fans||✔||✔|
|Garage door opener||✔||✔|
|Clothes washer and dryer||✔|
If you need additional coverage, these items can be added on:
- Second refrigerators
- Well pumps
- Sump pumps
- Central vacuums
- Pools / Spas
- Limited roof leaks
- Stand-alone freezers
- Septic tank plumbing
- Septic Systems
Claims for appliances or systems needing servicing can be submitted online or by phone. The claims hotline is available 24/7. Once a claim is received and approved, Choice Home Warranty will immediately dispatch a licensed and insured technician to service your claim.
Warranty plans with Choice Home Warranty range between $300 and $600 per year, depending on the plan type, extent of coverage, and home size. Payments can be paid monthly or annually. Additional expenses include an $85 service fee per claim, regardless of the total cost of the repair or replacement.
3. Select Home Warranty: Best for Value Shoppers
Select Home Warranty is a good option for price-conscious consumers.
|Budget-friendly pricing and discounts for paying up front||Requires 30 day waiting period before servicing starts|
|Option to choose appliances only or systems only||Must see sample contract for full list of add-ons|
|Covers all makes and models of appliances and systems||Doesn’t cover smaller items like doorbells (Smoke detectors are an add-on.)|
|No inspection required|
The company has three home warranty coverage plans. Bronze Care covers systems while Gold Care covers appliances, but they are the same price. Platinum Care is the most popular plan and is a combination of the other two plans.
|Coverage||Bronze Care Plan||Gold Care Plan||Platinum Care Plan|
|Microwave oven (built-in)||✔||✔|
|Garage door opener||✔|
Here’s what Select offers for add-on coverage:
- Pool and spa
- Central vacuum
- Sump and well pumps
- Roof leaks
- Standalone freezer
- Lawn watering system
- Septic tank and system
- Lighting and plumbing fixtures
- Refrigerator ice maker
Plans range from $35 to $38 per month, and consumers who choose to be billed annually instead of monthly will receive two months coverage free.
If you need to use your home appliance warranty, claims can be made 24/7 by phone or online. Once the claim is received, you’ll pay a $75 service call fee, and Select Home Warranty will send a local licensed professional to your home to repair or replace your covered item.
What is Home Appliance Insurance?
Home appliance insurance can be another way to describe a home warranty plan. Though, a home warranty isn’t technically insurance, and it’s different from home insurance.
Home warranties are service contracts that cover repairs and replacements of various home appliances and home systems. These policies cover a range of household appliances and systems, such as air conditioning, heating, electrical, plumbing, dishwashers, refrigerators, washers, dryers and ductwork.
Pros and Cons of Home Appliance Insurance
Having home appliance insurance in addition to home insurance can provide several benefits, but there are downsides to consider.
|Homeowners will know exactly what they owe for their premium, deductible, and service call; no surprise costs or fees||Not every appliance or system can be covered|
|Homeowners won’t have to research reputable technicians ; warranty companies already have relationships with licensed and certified technicians||Appliances or systems that aren’t properly maintained aren’t covered and the term “properly maintained” can be subjective|
|Provides peace of mind|
How Does Home Appliance Insurance Work?
Most new appliances and systems include a warranty, which covers the product for material defects. A home warranty covers these products once they’re not covered under the manufacturer’s warranty and are prone to breakdowns from aging and regular wear and tear.
If a covered item breaks down due to wear and tear, you’ll need to immediately place a service request. Your provider will appoint an independent repair specialist who will come to your home, usually within a couple of days. At the time of repair, you’ll pay a service fee, which is a predetermined rate that acts as a deductible. The remainder of the repair cost will normally be covered by your home appliance insurance provider.
Is Home Appliance Insurance Worth It?
For some homeowners, home appliance insurance isn’t needed. But for many ordinary homeowners, repairs that reach into the thousands of dollars are simply unaffordable. A home appliance insurance policy can help offset these inevitable costs and provide peace of mind. Without home appliance insurance, there’s always a chance that an unexpected repair can compromise your financial security.
Home Appliance Insurance vs. Home Insurance
Home insurance is a policy that protects your home from unexpected perils, such as tornadoes, flooding, theft, vandalism, and earthquakes. Routine wear and tear is not covered, so if your appliances break down, you’ll be on the hook for the entire cost of repair. With home appliance insurance, your items are protected from routine wear and tear.
Home appliance insurance can provide homeowners peace of mind for everyday items that may need repair or replacement. It can be a good way to easily budget and save money on unexpected repair costs. When shopping for a home warranty, we recommend getting quotes from these top providers and any others. Compare the cost and the coverage so that you can get the best deal and service.