Is an Extended Warranty on Home Appliances Worth it?

Learn about purchase protection plans at AjMadison

new image

Home appliances are expensive. In addition to the price of the item, it’s important to consider the hidden costs of running and maintaining the appliances. Protecting your appliances with a purchase protection plan can save you money in the long run.

Appliances such as refrigerators, washing machines, and dishwashers can be costly to repair or replace if they break down unexpectedly. By purchasing an extended warranty, homeowners can avoid the financial burden of unexpected repairs or replacements.

Service companies typically charge $80-$150 to send someone to the home to inspect the issue – repairs out of warranty are an additional charge. Repair costs are almost always more expensive than the protection plan and some repairs cost more than the appliance itself! This article will discuss situations in which you can keep your appliances running for longer and avoid costly repairs.

What is an extended warranty?

An extended warranty, also known as a purchase protection plan, is an insurance policy you can buy to cover the cost of unexpected damage and repairs. These policies on home appliances can be worth it because they often offer better coverage than standard manufacturer warranties.

Manufacturer warranties typically only cover defects in materials or workmanship for one to two years. In contrast, extended warranties can cover a wider range of issues and last for years beyond the manufacturer's warranty. This means that homeowners can continue to enjoy the benefits of their appliances without worrying about unexpected expenses.

Why do home appliances break down?

The integration of electronic parts and technology in appliances has made them more complex than ever before. The number of parts that can wear out or malfunction is higher, but it's also much more expensive to replace the electronic boards than it used to be. If you purchase a protection plan for your appliance, you'll be able to get repairs done quickly without having to pay full price for new parts or labor costs.

Storms, power loss, and power surges can all cause damage to your appliances. Service Pro Service Plan covers repair or replacement caused by storm-related damage. An extended protection plan is a great option for homeowners who want to protect their appliances and electronics from damage caused by storms. This service plan covers the repair or replacement of covered items due to storm-related damage, including those that occur in your home or during the transportation process.

Do homeowners' policies cover appliance problems?

The Homeowner's Policy typically covers appliances in specific situations, but not all kinds of damage. For example, if you have an appliance that breaks down and needs to be repaired, your homeowner's policy may cover the cost if it's determined that the problem was caused by an accident or natural disasters such as flooding or fire--but only up to $500 per occurrence! The average cost of repairing an appliance can easily exceed this amount; therefore purchasing a protection plan could save you money in the long run.

In-Home Service Calls

Another benefit of a protection plan is the in-home service calls. When you purchase a protection plan, your appliance may need to be repaired or replaced at some point. You can place a claim and have an authorized technician come to your home at no extra cost to repair or replace your product. If you are unable to fix it yourself, then this will save you time and money by not having to hire someone else for repairs or replacement parts.

Purchase Protection Plan from AjMadison

If you purchase a protection plan at AjMadison you will be able to enjoy several benefits including up to $300 food reimbursement, $50 reimbursement for laundry services, and a 30% cash back option if the plan goes unused during the 5-year plan. To learn more about the full list of benefits, visit our AllState coverage page for details.