Appliances are virtually in every American home. They save your time, increase efficiency, and generally make your life comfortable. However, because most appliances are electronic, they can be prone to damages due to power surges or wear and tear. And guess what? Appliances are not covered by your regular home insurance. To avoid paying a lot of money for repairs or replacements, you can buy a warranty for appliances offered by the ARW company (American Residential Warranty). This article highlights some things that you need to know about these warranties and what they commonly cover.
What Appliance Warranties Cover
Warranty companies have different appliance warranty policies. Some will cover the major appliances you have in your house, while others will cover systems. Better still, some companies offer customized plans that can enable you to choose what you want to be covered. However, the most common appliances that these warranty covers include dishwashers, refrigerators, ice makers, freezers, cooktops, ranges, ovens, compactors, washers, water heaters, and dryers dehumidifiers, air conditioners, and air purifiers.
Most warranty companies will offer an appliance warranty policy that covers most of these appliances. That means that if any of them break down because of damages or poor workmanship, the company will send a technician to repair them after you’ve made a service request.
Some companies may also allow you to use your contractors to do the repairs, and then they’ll compensate them. The contractor only needs to contact the company and give them their details. To know what a plan covers, go through the fine print and other policy documents to ensure you select the right plan.
A home warranty cover can be vital, especially if a manufacturer’s warranty has expired. A manufacturer’s warranty may only cover an appliance for about two years, while an appliance warranty plan will cover them for as long as you can pay the annual premiums. That may even be ten or fifteen years.
Some appliance warranty companies also give extended warranties to their customers. Once a policy expires, some homeowners become reluctant to buy new plans. However, that’s risky because it’ll still plunge you into the stress of paying expensive repair costs for your appliances. Research shows that annual repair costs can go up to $15000 for an average American home. If you compare these figures with a yearly warranty plan of $800, the policy way is cheaper. It’s because of this that some companies offer extended appliance warranty plans. These plans will ensure that your appliances are serviced for a longer period.
Some benefits of extended warranty programs include guaranteed repairs by satisfied technicians, interest-free payment plans, and protection from paying for labor out of your pocket.
However, some people aren’t comfortable with extended warranty plans because they see them as a wastage of money. Some appliances don’t last a lifetime, making it unnecessary to take an extended cover for them. Others also argue that they may upgrade their appliances and buy more advanced ones, which may require new covers. Despite these arguments, extended warranty plans have many benefits for homeowners.
If you’d like to use your appliances for a longer period and avoid paying regular maintenance fees, you need to purchase an appliance warranty plan. Warranty companies offer different plans depending on their customers’ preferences and needs. Therefore, you should ensure that you purchase a policy that’ll cover all your essential appliances and systems.