Should You Get Home Appliance Insurance?

Beautiful Home Exterior

Home appliance insurance can save you time and money when it comes to repairing or replacing appliances and systems. Get a quote from a leading provider. | Photo Credit: Shutterstock © Breadmaker

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.

In This Article:

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.


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.

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.

Compare this to home insurance, which is usually required by your mortgage lender. A home insurance policy covers damage from events like a fallen tree, hurricane, theft or vandalism. 

Having home appliance insurance in addition to home insurance can provide several benefits, but there are downsides to consider.

ProsCons
Homeowners will know exactly what they owe for their premium, deductible, and service call; no surprise costs or feesNot 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  

If you think the pros outweigh the cons, we can help you shop for a home warranty provider. Below, we’ve reviewed three of our favorites and explain the coverage and cost for each.


american home shield

Top Recommendation: American Home Shield

American Home Shield offers four plans: one for appliances, one for systems, one that covers both and one that you can “build” yourself. It’s 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.

PlanCovered Items
Appliance Plan™– Refrigerator
– Range
– Oven
– Cooktop
– Clothes washer
– Clothes dryer
– Built-in microwave
– Trash compactor
– Freestanding ice maker
– Garage door opener
– Built-in food centers
Systems Plan™– Air conditioning
– Heating
– Ductwork
– Electrical
– Doorbell
– Smoke detector
– Ceiling fan
– Plumbing (including stoppages)
– Water heater
– Garbage disposal
– Instant hot/cold water dispenser
– Central vacuum
Combo Plan™All items under Appliance and Systems Plans
Build Your Own Plan™Choose 10 items
Optional Add-Ons– Pool
– Spa
– Well pump
– Septic pump
– Guest units
– Electronics extended warranty

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.

ProsCons
Flexible plans with build-your-own plan optionRequires 30 day waiting period before servicing starts
Sliding scale for service call costsCoverage limitations for air conditioning systems
Discounts available for referrals, additional properties and retail productsNo roof coverage

To get a free quote from American Home Shield, call 844-529-9298 or fill out this quick form.


logo choice home warranty

Best for Aging Homes: Choice Home Warranty 

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. 

Below is a breakdown of the plan options and coverages:

PlanCovered Items
Basic Plan– Heating
– Electrical
– Plumbing
– Plumbing stoppage
– Water heater
– Whirlpool bathtub
– Oven
– Range
– Stove
– Cooktop
– Dishwasher
– Built-in microwave
– Garbage disposal
– Ductwork
– Garage door opener
– Ceiling and exhaust fan
Total Plan– Everything in the Basic Plan, plus:
– Air conditioning
– Refrigerator
– Clothes washer
– Clothes dryer
Optional Add-Ons– Pool or spa
– Central vacuum
– Second refrigerator
– Stand-alone freezer
– Well pump
– Sump pump
– Septic system
– Septic tank plumbing
– Limited roof leak

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.

ProsCons
Two coverage plan options, plus add-onsService call costs add up over time
File a claim online or by phone anytime, even nights and weekendsSpending caps on certain categories are lower than other home warranty companies
Affordable prices 
Basic Plan includes both systems and appliances — you don’t have to choose 

To get a free quote from Choice Home Warranty, call 800-495-1292 or submit this form online.

Home appliances. Set of household kitchen technics in the new apartments or kitchen. E-commerce online internet store and delivering of appliances concept.
Photo Credit: Shutterstock © Maxx-Studio

select home warranty

Best for Value Shoppers: Select Home Warranty

Select Home Warranty is a good option for price-conscious consumers.

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.

PlanCovered Items
Bronze Care– Clothes washer
– Clothes dryer
– Garbage disposal
– Refrigerator
– Stove
– Oven
– Cooktop
– Dishwasher
– Built-in microwave 
Gold Care– Air conditioning
– Heating
– Plumbing
– Electrical
– Water heater
– Ductwork
Platinum CareCombines Bronze Care and Gold Care

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. 

ProsCons
Budget-friendly pricing and discounts for paying up frontRequires 30 day waiting period before servicing starts
Option to choose appliances only or systems onlyMust see sample contract for full list of add-ons
Covers all makes and models of appliances and systemsDoesn’t cover smaller items like doorbells (Smoke detectors are an add-on.)
No inspection required 

To get a quote from Select Home Warranty, call 888-370-3956 or fill out this online form.


Bottom Line

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.


Further Reading:

LEAVE A REPLY

Please enter your comment!
Please enter your name here