Consider These When Buying Home Appliance Insurance

Home appliance insurance or “home warranty” covers repair and replacement for appliances. Unlike other insurance policies, home appliance insurance covers expected appliance wear and tear. 

The plan covers the microwave, dishwasher, refrigerator, washing machine, and dryer. Besides, these are the common heavy-duty appliances. But you can also insure mixers, blenders, and others. 
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Finding the policy starts with understanding the risk when using the appliance. If you're still looking out for the perfect home appliance insurance, here is what you need to consider. 

Policy Cost
The cost of the insurance will depend on the coverage. So, it is important to have the appliances' receipt while searching for the policy. The insurance agency will verify the current market value of your appliances. They will compare it to the coverage you'll get. 

Aside from that, appliances used in a business may be more expensive than those used at home only. Now, it's best to consider which appliances you'd like to be insured. 

The policy that covers specific home appliances
Not all appliances can be covered. It's a great thing since you can choose which among the appliances you own is worth the coverage. 

If you want to ensure your KitchenAid mixer, that's a good idea. Items like these tend to last for years, if not decades. So, it's a great option to insure heavy-duty appliances that are known to withstand the test of time. 

Limitation of the policy coverage
Of course, each policy has its limitations. Often, the coverage is limited to damage not covered by the manufacturer's warranty. It's best to consult the agent and have the policy explained to you. 

If the expected damage is not covered, you can always seek the agent's help to add coverage. 

Risk of the appliances malfunctioning
How likely will this appliance malfunction? That's one thing you need to ask before getting insurance. Some appliances may not be approved. Because they have a higher tendency to malfunction. 

Getting home appliance insurance for your precious items is a good option. It saves you time and money if your appliances unexpectedly malfunction. 

At American Eagle Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (225) 667-7377 or Click Here to request a free quote.