Appliance Cover

appliance cover

Most homeowners need appliance cover or insurance to help cover things that their regular homeowner’s policy does not cover. For instance, a standard homeowner’s policy will typically cover a person’s home against damage and robbery. However, they do not cover the expense of getting broken appliances replaced or repaired. Although some homeowner’s policies do offer an addendum for these items, these are often too costly for most consumers, and they instead opt to get a separate appliance cover.

The average appliance cover policy can range from being solely a kitchen appliance cover to a policy that covers everything from washing machines to plasma TV’s and laptops. Many of these appliance policies will even cover small items like digital cameras. There are countless companies in the United Kingdom that will draft policies for consumers that has appliance cover. Some of the most famous companies include Homecare, MasterCare, Domestic & General, HelpuCover and Warranty Ex. Some of these companies are relatively new in the insurance business while others like Domestic & General have been doing countless appliance cover for fifty years since black and white TV’s were one of the most important things to cover.

Choosing an Appliance Cover

When choosing their appliance cover, consumers should keep a number of factors in mind. They should look at how much the plan costs, but they should compare that cost to the benefits that are offered by the plan. They should review the policy to make certain that it covers the items that they need it to cover. They should also ask the insurance representative about what will happen when an appliance needs to be repaired or replaced. That will give them a better understanding of whether or not they would like to work with that insurance provider. For instance, certain washing machine insurance will only let the consumer call a repairman that is on their approved list of specialists while other policies will let the consumer call their favorite contractor of repairman.

appliance coverAll appliance insurance varies depending on the policy, but this is a brief analysis of the type of policy that you may encounter while shopping. Most policies only cover appliances that are more than one year old but less than eight years old. However, not all items can be covered if they are that old. For instance, most underwriters will be more willing to cover an older cooker than an older laptop as laptops simply are not built to last eight years while a good cooker will last at least that long. In addition, most policies will only cover items that have been bought domestically. Although this is true for appliances, this is not true if the consumer is looking for contents insurance to cover precious items that they may have obtained while abroad.

appliance coverSome appliance policies offer blanket coverage for every appliance in a consumer’s home, but most of them require the consumer to select how many items they would like to cover. These policies may have a flat rate for all of the items covered provided they are not worth more than 3,000 pounds. However, they may stipulate a surcharge for delicate or expensive products like plasma TV’s. The costs of policies vary. For example, a consumer could cover 5 items or up to 15,000 pounds worth of appliances for a yearly fee of just over 120 pounds. However, in a policy like that, the consumer may only be allowed a claim limit of up to 2,000 pounds per item with an excess charge of 40 pounds per claim. Typically, these appliance cover policies only cover break downs that are separate from those caused by regular wear and tear.

All home owners have appliances. Unfortunately, it can be costly to repair these items when they suffer a break down. However, homeowners can protect themselves from these costly eventualities when they purchase an insurance policy that promises to cover these items. For a relatively low monthly fee, consumers can purchase appliance cover or insurance that will protect them financially from these occurrences.