Home appliance warranty plans are typically annual plans that offer coverage for replacing and repairing some of the major appliances and systems in the house. For this, a homeowner has to pay an annual fee that usually starts from a few hundred dollars and may go to over $1000, depending on the plan. The cost also includes the service charge of the professional technician visiting the house to evaluate the appliance’s repair and maintenance.

Benefits of home appliance warranty plans

Get financial protection
The cost of repairing or replacing home appliances can turn out to be quite high. Besides, an unexpected breakdown of a system of appliances at home can disrupt one’s budget. A home appliance warranty plan works well in such situations. It offers the necessary financial protection by covering most of the cost of repairs and replacements for covered systems and appliances. So, instead of paying hefty replacement or repair bills or needing to purchase a new appliance, a homeowner can be assured that the warranty plan will cover all the expenses.

Save more money with flat-rate fixes
New homeowners usually depend on a home inspection team to determine the condition of kitchen appliances, water heaters, washers and dryers, and so on. But even an expert and highly experienced home inspector might miss some underlying issues that may require repairs later on . With a home warranty, one can save a significant amount of money by taking benefit of flat-rate fixes offered by these plans. When there is a flat-rate fix, a service provider will repair or replace an appliance for a fee that has been decided while signing up for the warranty.

Get some peace of mind
With a home appliance warranty, a homeowner can be assured that they have protection against any unexpected replacements or repairs that might be required for some of the systems and appliances in the house. This is especially beneficial for those who are on a tight budget and are concerned about the potential cost of replacement and repair.

Extended coverage for older appliances
Most manufacturers offer warranties that are valid only for a limited period. But appliance warranty plans offer coverage for appliances and systems that go beyond the typical warranty period the manufacturer provides. This can be quite beneficial for homeowners who own older appliances, which are more likely to need repair or replacement.

Save time and efforts
A home warranty plan often offers the convenience of handling the process of hiring an experienced professional technician for the repair and replacement work. So, a homeowner does not have to worry about finding the right service provider, contacting them, and negotiating fees to do the work. This saves one a lot of time and effort.

Increase in the value of the house
A home warranty covers the replacement and repair of appliances and systems in the house. So, having such a plan is often reassuring for potential homebuyers. It indicates to them that they do not have to bear the burden of extra cost if any of the appliances break down after the sale of the house. This invariably increases the house’s overall value, making it more attractive to new buyers.