Home appliance insurance covers the cost to diagnose, repair or replace a major appliance when it malfunctions due to normal wear and tear. Our analysis of customer reviews of the top home warranty companies revealed that many customers don’t understand what their plans will and will not cover. It’s important to have a good sense of what your home warranty covers before agreeing to any contract. The most commonly covered appliances include, but are not limited to, the following:
- Garbage disposal
- Oven, range, stove or cooktop
- Clothes washer and dryer
A home warranty covers repair costs and replacements that are outside the scope of homeowners insurance. While homeowners insurance will protect your home in the event of a burglary, vandalism or natural disaster, it doesn’t cover costs associated with the routine wear and tear of your home’s built-in systems and appliances.
Each home warranty policy will have its own coverage limits — the maximum amount a home warranty company will pay to repair or replace an item — per system or appliance. Some companies will have only an annual coverage limit. You can find information about specific coverage limits in your home service contract.