Household Appliance Insurance: What Is Covered

2007-03-08 10:33:40

( Insurance )



Household appliance insurance covers for the repairs or replacement of a household appliance that completely breaks down within a specified period of time. Household appliance insurance differs from household contents insurance in that household contents insurance protects the contents of a house from damage and theft.

Household appliances that can be covered under a household appliance insurance policy can include heating and air conditioning systems, refrigerators, televisions, vacuum cleaners, dishwashers, cameras, computers and many others.

When purchasing a household appliance insurance policy, it is best make a comparison of the policy’s features, and the procedures that need to be followed when a claim needs to be made. This is aside from making a comparison on the cost of premiums. Also check whether the household appliance insurance policy will allow you to choose your own repairman to fix your appliance, or whether the insurance company provides accredited repair service centers. If the appliance that breaks down is beyond repair, you must also find out from the insurance company the policy regarding the replacement of the appliance, as this differs with each insurance company. Some insurance companies provide you a specific cash amount, and allow you to purchase the replacement of your appliance, while other companies provide you a list of replacement units for which you can choose your replacement unit from. Most insurance companies also provide free maintenance of your appliances, and will only cover your appliances if the units have been regularly been maintained.

It is also important to take note of any exclusions that can be included in a household appliance insurance policy, which can include damages as a result of using the appliance for commercial or business purposes, the corrosion, malicious damage, theft or damage caused by any fire or explosions (which can be covered in a household contents insurance policy instead), any modification to the appliance and any exterior or cosmetic damages to an appliance.


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