Home Insurance For Appliances – Factors to Consider

home insurance for appliances

A home insurance policy for appliances covers the repair and replacement cost of your appliances. It may not cover specific perils, but it will cover routine breakdowns and deterioration. The limit on the coverage may differ from policy to policy, so check with your provider to see exactly what is covered. The following are some factors to consider before you purchase home insurance for appliances. In addition to costs, check for service fees and limits. Also, make sure to choose an insurance policy that provides replacement parts and labor.

Coverage limits

When shopping for home insurance for appliances, remember that the size and age of your home should not affect the level of coverage. The only exceptions are brand new houses or homes larger than 5,000 square feet. However, if you are planning to install new appliances in your home, consider purchasing additional coverage endorsements to make your insurance policy comprehensive. Your policy should cover any major repairs that need to be done to the appliances. Make sure that you have proof of the peril that damaged the appliances in the first place.

Some policies cover your dishwasher and refrigerator for a maximum of $3,500 per appliance malfunction. Newer appliances are less likely to break down because of wear and tear. However, if you have an old dishwasher or refrigerator, you may not want to purchase home appliance insurance. The policy limits are very different depending on the insurer. To determine which limits apply to you, contact your home insurance agent and obtain a free quote.

Service fee

If you own an appliance, you probably have a home insurance policy for it. But do you know how much these policies cost? Typically, the monthly premium is the most expensive part. Other costs include the service call fee, which you’ll pay each time a technician comes to your home. Most service fees are anywhere from $75 to 125 dollars. In addition, some policies have an enrollment fee. And when you cancel your plan before the end of the contract, you have to pay an early termination fee. This fee varies from company to company, but can range from $25 to $90.

You may also want to buy a home warranty if your appliance breaks down unexpectedly. Home warranty insurance is not cheap, but it’s well worth the money. Many homebuyers include it in their buyer’s contingency agreement. This way, if you buy a home that doesn’t have a warranty, you’ll have to pay the premiums. Purchasing a home warranty is a good option if your appliance breaks down, but it has many exclusions.

Perils covered

A common question from homeowners is “Are home insurance policies for appliances included?” While the answer is a resounding “yes,” there are a few factors to consider before determining whether your appliance is covered. Most home insurance policies cover certain perils, including fire, inclement weather, and even criminal activity. However, if you are looking to replace an appliance, you need to know what perils your policy covers.

Your home insurance policy will cover most of the appliances in your home. The most common type of policy covers appliances in the dwelling coverage category. Unless you’re living in an apartment, you’ll likely want to check out a separate policy for each appliance. HO-3 policies cover appliances in a wide variety of perils. However, some policies cover built-in appliances. Make sure to read the fine print before making a decision.


The cost of home insurance for appliances is not one-size-fits-all. Your premiums can vary widely based on the coverage you need and the plan options you select. In addition, the age and condition of your appliances can influence their insurance cost. In some cases, you can even opt for a deductible-free policy. Before purchasing an insurance plan for your appliances, however, be sure to know how much they are worth.

Some policies have separate service fees. In other cases, your home appliance insurer will charge a fixed service fee for repairing your appliances. If you are concerned about these costs, some insurers offer higher service fees but lower annual premiums. For example, American Home Shield charges $75, $100, or $125 for service calls, resulting in lower monthly payments. You should also be aware of any limitations associated with home warranty plans.

Which company offers the best plan

A home warranty plan covers a large number of items in a home, including appliances. It can be extremely valuable if something goes wrong, but it does have caveats. While many appliances are covered by home warranties, others aren’t. Make sure to check service agreements carefully, as some plans don’t cover all appliances. You’ll also want to determine how often you plan on filing claims. While $65 may not seem like a lot, it can add up quickly.

Prices for home insurance plans vary. The premium for a home insurance plan for appliances can vary widely depending on coverage options and the items covered. For example, a $500 plan may cost around $600. Be sure to shop around for the best price and coverage before making a decision. You’ll be happy you did. If you have multiple appliances, it might be wise to get a policy that covers all of them.