Buying appliances is expensive, and most of us like to get our money’s worth from our appliances. We don’t want to pay for significant repairs or replacements if unexpected breakdowns or malfunctions occur. Most new appliances come with a warranty, but you may like to extend the contract to protect your appliance for longer. This is where an appliance extended warranty comes in hand
An extended warranty is a form of insurance policy that covers you for repair costs and maintenance services after the manufacturer’s or retailer’s guarantee has expired. Extended warranties offer home appliance insurance for specific appliances within the home and are purchased before the expiry of the original warranty plan. However, each warranty only covers a single appliance.
What Do Extended Warranties Cover?
Extended warranties cover damage caused by general wear and tear to mechanical and electric components of your home. Extended warranty coverage is known to cover all such predicted losses. Typical appliance extended warranties cover individual major home appliances like refrigerators, dishwashers, ovens, cooktops, clothes washers and dryers, and water heaters.
A warranty’s terms and conditions will vary from manufacturer to manufacturer, so it’s essential to carefully read the coverage details and fine print. Buying or renewing the warranty is more straightforward than people think it is. Ask questions while shopping and confirm precisely what types of repairs are covered should you need to file a claim.
Appliance Extended Warranty Pros
-
- Level of comfort: After buying extended warranties, you have peace of mind knowing you are safe and won’t have to spend on repairs or replacements in case of appliance breakdowns. You share the burden of repair and replacement with the plan providers anytime, anywhere.
- High repair cost: As modern appliances are expensive, so are their repair and maintenance costs. In the long run, paying extra every time the appliance needs service is inconvenient. Frequent maintenance costs a lot. An extended warranty works as a protective shield and saves you time, money, and hassle.
- Increases the life of appliance: By providing timely and unlimited repairs, the warranty protects the appliances and gives them a long service life, making them live the expected duration and beyond.
- Upfront pricing: You pay for the warranty while buying. There are no other hidden charges. Most contracts require you to pay the total amount at the time of purchase, so you’ll pay one fee and be set for the warranty term.
- Customizable coverages: You should know what parts are covered and uncovered under warranty. Depending on your appliance and how much you pay, you might elect for an extended warranty that spans one year, three years, five years, or longer. Make sure that the plan you are purchasing covers all significant breakdowns.
- Specialized technicians: Instead of looking for a service technician on your own, your extended warranty provider will ensure a qualified technician will make potential repairs.
- Compare and buy: Purchasing extended warranty plans from dealers is not ideal. You should buy only after analyzing the available warranty plans offered by other companies. Compare the available extended warranty plans and then buy the most suitable one that fulfills your needs.
Appliance Extended Warranty Cons
- May be expensive: Extended warranties may be worth it for larger appliances that cost thousands to repair. They make less sense for smaller or more affordable ones. Sometimes the cost of an extended warranty exceeds the cost of necessary appliance repairs.
- Limited coverage: Extended appliance warranties cover one item, and you’ll need to buy additional warranties for each appliance.
- May go unused: While it’s helpful knowing coverage is there if needed, some people never use a warranty, making it feel like a waste of money. Extended warranties won’t help if they’re valid for five years, but your machine breaks in the first year (when the manufacturer’s warranty covers it) or the tenth year (when all contracts have expired).
- No accident coverage: Most appliance extended warranties cover breakdowns from routine use, not accidents that cause damage. So if you drop a frying pan on your glass-top stove or damage your dishwasher using the wrong detergent, you’re on your own.
Are Appliance Extended Warranties Worth It?
An appliance extended warranty can help pay for unexpected breakdowns, repairs, and malfunctions in major home appliances. Purchasing warranty plans are a good choice if you have older appliances, expensive appliances with longer life, or if you know you won’t be able to handle any major repairs or replacement costs.
Before purchasing an appliance extended warranty, check for:
- Cost: Compare the price of your extended warranty against the cost of the appliance and the average repair costs for that appliance.
- Term: Extended warranties are available in several terms, ranging from one to five years. For most major appliances, especially, more extended warranties tend to offer the better possible return.
- Coverage: Be sure to carefully review all the fine print to ensure that your extended warranty covers all significant breakdowns.
How Do You Buy an Appliance Extended Warranty?
You may be able to purchase an appliance extended warranty from the original appliance manufacturer, the dealer where you bought the machine or a third-party provider.
There is a one-stop solution for all your queries, damage protection plans, purchase an extended warranty, AC extended warranty, Refrigerator extended warranty, and a lot more extended warranty services, and that is OneDios. We help people buy extended warranties online. It gives multiple plans and options to all and with competitive prices. Since this happens online, it is more convenient and hassle-free. Paperless online transactions make this process seamless. The process is also quicker than the offline process.
We aim to transform the customer service experience for end customers. This vision cuts across all products and the services they avail of. You can buy your AMC on OneDios here. You can also download the OneDios app or visit www.onedios.com to purchase an annual maintenance contract for your appliances.