What is home appliance insurance?

Home appliance insurance, also known as a home appliance warranty or home protection plan, provides financial protection in the event of an appliance breakdown. Unlike homeowners insurance, home appliance insurance doesn’t cover damage from unforeseen events like fires, floods, or theft.

What is the best home appliance insurance?

The best home appliance insurance, or its equivalent, is available through home warranty companies. Unlike your new appliance’s manufacturer warranty or a purchased extended warranty, home appliance insurance can be a long-term coverage plan that protects you and your wallet from unexpected breakdowns resulting from normal, everyday use.

How do I choose a home appliance insurance plan?

If home appliance coverage is your top priority, look for a comprehensive appliance-only plan or a plan covering home systems and appliances for more complete coverage. Most importantly, read the sample contract thoroughly and look for exclusions related to your home appliances.