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Your appliances won’t last forever, and repair cost can quickly add up. Let an American Home Shield® home service plan take the stress out of covered breakdowns. Here are just some of the appliances and components we cover, no matter their age. So if your home has a built-in security system you're looking to protect for decades, find a home warranty with security system protection. That way, you won't have to spend extra money on replacements or repairs should anything go wrong.
That means, statistically, you are likely to spend more money on the warranty than you will ever need for coverage. As another alternative to an extended warranty, you can also set aside money each month that is designated for appliance repairs. The catch is that this takes dedication and may not be sufficient to cover repairs or replacements if you’re the unlucky person whose appliance breaks down prematurely. If you’re looking for appliance repair coverage, home warranties offer another alternative. The type of protection provided by home warranty companies and extended appliance warranties is similar for individual appliances. However, the benefit to a home warranty versus an extended appliance warranty is that the home warranty can protect multiple appliances rather than just one.
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If your home has higher-end appliances and you want to ensure you have some savings and protection against replacement, Choice will be the way to go. With impressive customer service, reservice for free, and free cancellation for the first 30 days, Choice Home Warranty makes the home warranty decision an easy one. We also review sample contracts to better understand what each plan covers and to identify limitations. In addition, we simulate the process of reaching out to each company’s customer service team to evaluate their level of helpfulness and ability to solve problems.
Many home warranty providers will cover appliances regardless of age, but the amount of coverage may be based on the depreciated value of the appliance. For example, if you cover a 20-year-old refrigerator, the replacement cost will not be the same as the original purchase price. It will be the estimated value to replace with a similar model. Many homeowners hope that purchasing a new major appliance — whether it’s an oven, range, clothes washer or air conditioner — will guarantee them seamless functionality for years to come. The truth is that unexpected breakdowns and malfunctions can occur at any time, and that’s where an appliance extended warranty can come in handy.
Do Home Warranties Cover Appliance Replacement?
For a fee, an extended appliance warranty will keep you covered for a longer period of time. Liberty Home Guard is a top choice if you want comprehensive appliance coverage. LHG offers three plans, two of which include appliance protection. The Appliance Guard and Total Home Guard plans cover up to $2,000 per appliance. Its Systems Guard plan strictly covers your home’s major systems, such as heating and air conditioning. It is worth mentioning LHG offers coverage for pro-series appliances as an add-on, meaning if you own a Viking or Wolf appliance, you are required to pay an additional fee for coverage.
But some may require an inspection before agreeing to coverage. When you purchase a new appliance and get a standard manufacturer warranty, you’re limited to their warranty terms. However, if you opt to extend your warranty—either through the manufacturer, the retailer or a third-party service provider—you can get coverage for just about any amount of time. If you get an extended appliance warranty and encounter a situation where your appliance needs to be repaired, you will get help from an experienced appliance repair technician.
Choice Home Warranty (Best Home Warranty for Appliances)
A warranty’s terms and conditions will vary from manufacturer to manufacturer, so it’s important to read the coverage details and fine print carefully. For example, extended warranties often include exclusions for accidental damage, require you to use a specific repair shop or have you ship the item back to the manufacturer . Ask questions while you’re shopping and confirm exactly what types of repairs are covered should you need to file a claim. To be clear, the biggest difference between an extended appliance warranty and a home warranty is that an extended option only covers a specific appliance. Alternatively, home warranties can protect numerous devices and home systems under the same plan.
But, if your current HVAC system is still in working condition before buying a warranty, some providers may allow coverage for parts and labor for future breakdowns. When you get an appliance extended warranty, you know how much you’ll have to pay monthly or upfront for the coverage. On the other hand, without an extended warranty, you may be left with a large, unexpected expense if the appliance breaks down. With homeownership, there are some expenses that you can anticipate. In situations like that, it can help if you already have an extended appliance warranty in place.
Disputes sometimes happen between a homeowner and a builder, or third-party warranty company, over whether a defect is covered or whether repair work was done properly. If you find a fault within the first six months, it is assumed that the fault was there when the product was purchased unless the retailer can prove otherwise. If they can’t repair or replace the product, you're entitled to return the goods and receive a full refund or, if you want to keep the product, a price reduction.
New appliances can be among the bigger expenses of homeownership. If you do buy a new appliance, it can provide peace of mind that there is repair and replacement coverage. With an extended appliance warranty, you have more control over the timeframe in which the appliance is covered. When compared to an extended warranty, a home warranty offers more robust protection by covering a number of different items and scenarios.
Ahome warranty plancan save money when the worst happens in these situations. Also, LHG does not require an inspection of your home to begin coverage — it covers any known and unknown preexisting conditions your appliances and home systems may have. It offers service call fee flexibility, with options ranging from $65 to $125 per plan. However, a lower service call fee does not lower your monthly premium as the fee is assigned to your plan based on your location, plan choice and other factors.
After the 30-day period, you must give the retailer an opportunity to repair or replace the product. If they can’t do this, you can ask for a full refund or price reduction on the faulty product. Most extended warranties don’t cover accidental damage, and they may have restrictions on what they will and won’t pay out for. Make sure you read the terms and conditions carefully and know what you’re signing up for before you make a decision.
American Home Shield will not reimburse you for services performed without prior authorization. Designed to help users make confident decisions online, this website contains information about a wide range of products and services. Certain details, including but not limited to prices and special offers, are provided to us directly from our partners and are dynamic and subject to change at any time without prior notice. Though based on meticulous research, the information we share does not constitute legal or professional advice or forecast, and should not be treated as such. You might be surprised to learn that your homeowners insurance policy probably doesn’t cover sewer line repairs.
Take a close look at coverage limits so you know your covered appliances can be repaired or replaced with a new appliance within the coverage limits spelled out in the protection plan. And a manufacturer’s warranty or even an appliance extended warranty doesn’t last long, and often they only cover parts and not labor. For instance, if your dishwasher were to break down, the policy limit is $3000 that you would have towards repairs. Select Home Warranty has a policy limit of $500 on a dishwasher.
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