Homeowners can enjoy the opportunity of buying home system and appliance warranties, which are also known as the household appliance warranty to enjoy a long life for their home appliances. But these warranties are not the insurance policies. Actually, these are the service contracts, which cover all the home appliances and systems like air conditioning, heating-ventilation, electrical and plumbing systems and hot water.
Coverage offered by household appliance warranty:
It means, in case you purchase an item like air conditioning either online or on the high street, this type of warranty will definitely benefit you. This type of warranty lasts for the period of 12 months, but in some cases, some of the companies offer long warranties than that. In case the appliance breaks down within that time, then the manufacturer would repair the issue or replace the total item. But what happens when the appliances break down after the guarantee expires?
The household appliance warranty mainly offers repairing or replacement costs for:
- HVAC systems
- Ovens, dishwashers, refrigerators and other appliances
- Plumbing systems
- Water heaters
- Electrical systems on the basis of the specific policy.
Some of the specialist companies offer warranties on household appliances, which don’t only cover a single purchase, but a complete range of items throughout the home. Even after offering some wider coverage than the extended warranties, the household appliances are mostly cheaper to buy.
In this type of warranty, the homeowners can select the level of coverage:
- Level 1 covers only the major home appliances like as stones and refrigerators
- Level 2 offers more protection by offering appliances, air conditioning systems and heating ventilation systems
- Level 3 may offer the most extensive type of insurance by covering different types of items in level 2 along with the entire electrical and plumbing system of the homeowners.
Things which are not covered by this warranty coverage:
Household appliance warranty never replaces homeowners insurance and therefore it never protects the homeowner against fire, a crashing of tree through the roof or other perils that are covered usually by the homeowners insurance. Actually, the household appliance offers no liability coverage in case someone is harmed on the property.
The majority of the service contracts need that to get an item covered, it must be maintained properly. It means, for the items like as the hot water heater and the furnace, you may need to produce some maintenance records should that system require some major replacement or repair.