A home appliance warranty offers a range of benefits that extend beyond a manufacturer’s protection plan. Unlike protection plans bought with new appliances, most home appliance warranty companies may process claims within 24 hours and send a repair technician to the house as soon as possible. It is important to note that every company is different and every policy that is offered can vary from one to another. Be sure to check the fine print and follow up with the company you are looking into. Home warranties in Georgia can be different that what is covered by home warranties in Minnesota so be sure to check the details. 

Look for a company that has positive customer reviews and offers the types of coverage you want. Some have coverage caps for each appliance, while others offer comprehensive plans that cover all household appliances and systems. 

Coverage 

Home appliance warranties cover the cost of repairs to appliances that break down as a result of normal wear and tear. The plans typically require a monthly fee and may have limitations and exclusions that you should review carefully before purchasing. Generally, they also require a service call fee for the technician who visits your home to diagnose and repair the problem. 

Buying this type of protection can save homeowners and property managers time as they won’t have to search for reliable repair contractors when an appliance or system breaks down. A home warranty provider will connect the homeowner with one of its partnered contractors to perform the necessary assessment and make any required repairs. Many of these providers have vast local contractor networks to draw from, so getting a fast repair can be possible. However, there are three main factors to consider when shopping for a home warranty provider: costs, coverage, and claims processes. 

Exclusions 

Unlike protection plans purchased directly through a retailer, home warranty plans offer comprehensive coverage for multiple appliances. However, these plans have their own set of terms and conditions, which include annual limits on payouts for specific systems and appliances. 

While it's a common practice for potential homebuyers to include warranty purchases as a contingency in their contracts, it isn't a necessary measure for everyone. In fact, homeowners can significantly reduce the chances of their appliance or system breakdowns by practicing regular maintenance and meticulous record keeping. 

When selecting a home warranty provider, look for one that offers affordable rates and top-rated customer service. Additionally, check whether the company is capable of providing a follow-up appointment for any remaining repair needs. This is important, as it will ensure that your appliances are covered after the initial service call. Also, it's best to choose a plan that covers appliances of all sizes and makes. This will make the process of obtaining repairs much easier. 

Limits

Home appliance warranties typically include a number of terms and conditions, including limits on coverage. These limits can be an appliance-specific limit, system specific limit or a total annual limit. If a repair cost is above these limits, you will need to cover the cost out of pocket. 

Some companies may also include other terms and conditions that must be met for a service call to be approved. For example, claimants may need to provide extensive documentation showing that an appliance or system has been maintained properly. Failure to do so could result in a claim denial. 

This is one reason it’s important to read the fine print before committing to any protection plan or extended warranty. Frequent maintenance and meticulous record keeping will help keep your appliances running for years to come, but these efforts can’t prevent all breakdowns. In the event of an unexpected malfunction, a warranty plan can make a big difference in your financial stability. 

Read the Fine Print 

When purchasing a household appliance warranty, it is crucial to find out exactly what the policy covers. It is also important to understand what the costs and coverage limitations are. In general, appliance warranties can be cheaper than home insurance, but it is important to compare the terms of each before making a purchase. 

The key to getting the most out of a household appliance warranty is proper maintenance. Regular cleaning can help prevent appliance malfunctions and prolong their lifespan. This includes removing food and debris from the refrigerator coils, clearing the lint trap in the dryer and keeping the oven clean. It is also a good idea to keep records of appliance repairs and purchases, as this can be helpful when filing a claim. Finally, it is important to read the fine print and look for exclusions and limits in a sample contract before choosing a plan. You can do this by asking a representative or reviewing a provider’s website.