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Best Insurance for Home Appliances in 2022

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Updated June 27, 2022

What are the features and services that make the best home appliance insurance? If you’re looking for additional protection for the best vacuum cleaner and other major home appliances, then a home appliance insurance plan is essential. These plans cover the cost of repairs and replacement for appliances that break down after years of use.

The best insurance policies for appliances offer a broad range of coverage for a wide number of different home appliances and systems. They should also be completely customizable so you can adjust the policy to fit your exact needs.

Keep reading to learn more about the best home appliance insurance and how you can choose the right plan for you.

Top Insurance for Home Appliances

 #1   Choice Home Warranty Insurance

Choice Home Warranty Insurance

Award: TOP PICK

WHY WE LIKE IT: Has a comprehensive customer service network of more than 25,000 contractors across the US. Users will be able to choose from two plans, a Total Plan and a Basic Plan, and also include a wide range of additional cover options that users can choose from.

Pros
  • Two plans to choose from
  • Additional coverage options available
  • 90-day guarantee on parts
Cons
  • Customers can’t choose their own contractor
  • Service isn’t offered to residents of Washington

Choice Home Warranty is a service that is well known for providing home warranty service contracts that cover various home appliances in the event that they break down. Founded in 2008, the company has been around long enough to develop an excellent reputation, and it boasts a customer service network of more than 25,000 contractors across the US. Some of the perks of signing up with Choice Home Warranty include having a 90-day guarantee on parts and also having coverage begin in less than 30 days for some instances. Still, the company does not allow customers to choose their own contractors, and they do not offer their service to residents in Washington.

With Choice Home Warranty, there are two plans on offer to choose from; these are the Basic and Total plans. The Basic plan covers a wide range of essential household appliances, including any that fall under the category of heating, electrical, plumbing, water heater, oven, stove, dishwasher, built-in microwave, garbage disposal, garage door opener, ceiling and exhaust fans and ductwork. Its Total plan includes anything in Basic plus the air conditioning system, refrigerator, clothes washer, and clothes dryer. There are also a bunch of add-on options to consider. They include coverage for pool/spa, central vacuum, second refrigerator, well pump, limited roof leak, stand-alone freezer, sump pump, septic system, and septic pump piping.

 #2   Select Home Warranty Insurance

Select Home Warranty Insurance

Award: HONORABLE MENTION

WHY WE LIKE IT: It is available in 47 states and has three packages for users to choose from. The response times are also very quick, and its three plans cover possibly any kind of appliance that a user may have.

Pros
  • Very quick response times
  • Available in 47 states
  • Three tiers of coverage to choose from
Cons
  • Some could be charged multiple service fees

Headquartered in New Jersey, Select Home Warranty is a company that has been around since 2012 and offers its plans in 47 different states. The company allows users to choose from three plans that cover either appliances, systems, or both. The plans are categorized as bronze, gold, and Platinum care. Its Bronze care warranty plan covers the refrigerator, clothes washer, dryer, garbage disposal, dishwasher, built-in microwave, oven, stove, and cooktop. The Gold care plan also covers water heaters, ductwork, plumbing, electrical, cooling, and heating systems. Lastly, its Platinum care plan covers air conditioning and cooling systems, heating systems, plumbing, plumbing stoppages, electrical, water heater, ductwork, clothes washer and dryer, garbage disposal, built-in microwave, and a garage door opener. Still, users could be charged multiple service fees.

One thing that makes this insurance service stand out is its same-day response time. This means users will get to have their queries answered as fast as possible and decide whether or not their cover is the best option to go for. Also, homeowners who sign a multi-year contract happen to get a discount, and if one technician can’t fix everything that needs to be fixed, another will be sent without any extra charges.

 #3   Home Service Club Insurance

Home Service Club Insurance

Award: BEST FOR QUICK COVERAGE

WHY WE LIKE IT: It is ideal for users who want to quickly get their coverage sorted out. Users will be able to choose from a wide range of systems and appliances and pick from two well-thought-out warranty plans.

Pros
  • Wide range of coverage for systems and appliances
  • No home inspection required for coverage to be activated
  • Two warranty plans to choose from
Cons
  • Not accredited by the Better Business Bureau

Established in 2009, the Home Service Club is still regarded as a new entrant into the Home Warranty Industry, but this has in no way proved to impede how well they have been able to serve its customers over the last decade. The company does not require a home inspection for coverage to be extended, and they cover items despite model, make or age. They have two home warranty plans on offer, and these are its standard coverage and its comprehensive coverage. Its standard coverage takes care of air conditioners, a heating system, plumbing system, water leaks, water heater, electrical system, ceiling fans, central vacuums, garbage disposal, garage door opener, built-in microwave oven, dishwashers, refrigerators, refrigerators, ovens, ranges and cooktops, trash compactors, food centers, clothes washer/dryer, and freestanding ice makers. Unfortunately, the company is not accredited by the Better Business Bureau.

Its comprehensive coverage plan includes all the appliances in its standard plan as well as coverage for ductwork, gas leaks, sump pump, whole house exhaust, and attic fans, instant hot/cold water dispenser, pest control, telephone wiring, alarm warning, smoke detectors, doorbells, whirlpool motor, pump assemblies, and plumbing stoppage coverage.

 #4   Cinch Home Services Insurance

Cinch Home Services Insurance

Award: BEST FOR ADDED BENEFITS

WHY WE LIKE IT: It offers many benefits that are not available from most other companies and serves more than 1 million customers nationwide.

Pros
  • Good range of benefits offered
  • Three tiers to choose from
  • Serves more than 1 million customers nationwide
Cons
  • Little flexibility for buyers to customize their plan

Formerly known as Cross Country Home Services, Cinch Home Services has been around for more than 40 years and is headquartered in Boca Raton, Florida. The company has close to 1 million customers across the US and offers three home warranty plans to choose from. There’s an Appliances Plan, a Built-in Systems Plan, and a Complete Home plan. Its Appliances Plan covers washers, dryers, cooktops, dishwashers, ice makers, microwaves, refrigerators, trash compactors, air conditioners, and sensors. Its Built-in Systems plan covers plumbing, heating systems, electrical systems, garage door openers, doorbells, air conditioning, central vacuum systems, smoke detectors, toilets, sump pump, water heaters, attic, and ceiling fans. Still, there’s very little flexibility for buyers to customize their plans.

The third plan is a Complete Home Plan, where items in both Appliances and Built-In Systems are covered. This includes a homeowner insurance deductible reimbursement. Optional add-ons include a pool, spa, and septic tank. The company also stands out because of its free A/C or refrigerator filter credit and free water sensor coverage.

 #5   First American Home Warranty Insurance

First American Home Warranty Insurance

Award: BEST FOR CONVENIENCE

WHY WE LIKE IT: The company has been awarded a B rating from the Better Business Bureau, and it offers two major plans to choose from. There’s also a special First Class Upgrade option that covers repair-related expenses.

Pros
  • Two plans to choose from
  • First Class Upgrade option that covers repair-related expenses
  • B rating from the Better Business Bureau
Cons
  • Basic plan doesn’t cover plumbing or electrical systems

The First American Home Warranty company is regarded as one of the top warranty providers in the US. Established in 1984, they have been around for more than 125 years and have 24/7 customer service availability for customers to reach out to any time of day. The company is also a recipient of a B rating from the Better Business Bureau and offers two plans for customers: a Basic Plan and a Premier Plan. The Basic Plan covers a washing machine, clothes dryer, refrigerator, dishwasher, oven, range and cooktop, microwave, garbage disposal, and trash compactor. Its premier plan includes plumbing, heating system, water heaters, electrical systems, garage door opener, ductwork, and a central vacuum system. Still, its basic plan does not cover plumbing or electrical systems.

There’s also a decent list of optional add-ons that includes central air conditioning, additional refrigeration, pool/spa equipment, well pump, septic tank/pumping system, and an HVAC tune-up. There’s also a First Class Upgrade option on this list, where policyholders get coverage for cosmetic damage to home systems or appliances. The option also covers expenses pertaining to using cranes during construction, local building permits, and costs relating to the removal or movement of an appliance.

 #6   First Premier Home Warranty Insurance

First Premier Home Warranty Insurance

Award: BEST FOR OPTIONAL ADD-ONS

WHY WE LIKE IT: There is a wide range of optional add-ons available to choose from. Their customer service is also excellent, and buyers get to have discounts whenever they pay for plans upfront.

Pros
  • Great customer service team
  • Wide range of optional add ons
  • Two plans to choose from
Cons
  • Only offered in 32 states

Established in 2020, First Premier Home Warranty has a great team of well-trained service providers. They also offer significant discounts whenever plans are paid for upfront and have a wide range of optional addons to choose from. This service offers two plans to choose from. There’s the Premier Plan and the Premium Platinum Plan. The Premium Plan provides coverage for the plumbing system, plumbing stoppage, water heater, whirlpool bathtub, electrical system, oven, range, stove, cooktop, built-in microwave, dishwasher, garbage disposal, trash compactor, ductwork, garage door opener, ceiling and exhaust fans and a sump pump. The Premium Platinum Plan includes coverage for all of these, plus an air conditioning system, a heating system, refrigerator, clothes washer, and clothes dryer. Still, some might not like that their service is only offered in 44 states.

There’s a wide array of optional add-ons to choose from for First Premier Home Warranty customers who might want to customize their plan. They can choose to purchase coverages that include pool/spa coverage, additional spa coverage, limited roof leak, central vacuum, sump pump, well pump, septic system, septic pumping, second refrigerator, stand-alone freezer, water softener, refrigerator ice maker, free-standing ice maker, additional A/C system, additional heating system, additional water heater, and an additional garage door opener coverage.

Beginner’s Guide to Home Appliance Insurance

What Is Home Appliance Insurance?

Home appliance insurance is a financial coverage policy made specifically for protecting the appliances in your home. These insurance plans cover problems with your appliances that extend past manufacturer defects and outside of the standard manufacturer warranty policy. If you experience any of these problems with your appliances, you can use your home appliance insurance to cover the cost of repair or replacement.

This type of insurance policy covers common appliances like refrigerators, ranges, dishwashers, and microwaves. It may also cover home appliances you don’t think about often, like your furnace, water heater, garbage disposal, and garage door opener. So, make sure you’re getting the best insurance for homeowners.

Home Appliance Insurance vs. Traditional Home Warranty Plans

Both home appliance insurance and traditional home warranty plans are considered insurance policies, but they differ in a few key ways. Home warranty plans are typically much more expensive and only protect your home in the event of natural disaster or theft. On the other hand, appliance insurance is more affordable and covers your appliances as they break down due to natural wear and tear. Plus, it’s also helpful to know where to dispose vacuum cleaners, and other appliances, in case your insurance doesn’t cover repairs.

The types of things covered by each plan differ, as well. The best homeowners insurance will only cover structural damage and stolen property, whereas home appliance insurance covers only the appliances specifically listed in your policy.

It’s also important to note that most mortgage lenders require homeowners insurance. Purchasing additional home appliance insurance is entirely optional and not required by any mortgage lenders or homeowners associations.

How Home Appliance Insurance Works

Home appliance insurance works in much the same way as other insurance policies. You pay for the plan every month, the price of which varies depending on the specific plan details you select.

When you have a problem with an appliance covered by your insurance plan, you initiate the claims process with your warranty company, usually through a phone call or online form. The provider will then decide to approve or deny your claim based on the specific details of your policy. You’ll usually have to pay some amount of replacement costs which are called deductibles. The level of the comprehensive plan you choose usually affects the pricing of the deductible.

After your claim has been approved and you have paid your deductible, the warranty company will either set up an appointment with an in-network appliance technician or allow you to choose your own. The service technician will come to diagnose the problem and recommend a repair or replacement. If just a repair is needed, the technician will usually do it during the same appointment. However, if a replacement is required, you’ll likely need to wait a little longer to receive your new appliance.

Do You Really Need Home Appliance Insurance?

Most home appliances carry some kind of standard warranty from the manufacturer. However, this warranty usually doesn’t provide comprehensive coverage, whereas an additional home appliance insurance policy will.

If you’ve purchased a new home with new appliances, it’s never a bad idea to protect those appliances to a greater degree. The same applies to buying an older home with used appliances. The added cost to get this additional level of protection is well worth it. Although, knowing how to clean your vacuum regularly to avoid issues will help keep costs to a minimum. Make sure you analyze the coverage breakdowns on each plan you’re considering, since most differ from insurance company and level of coverage.

Is Home Appliance Insurance Worth Buying?

  • You Own a Home: If you own your home, purchasing home appliance insurance is a worthwhile additional cost. When you buy a home, all expenses and problems are your responsibility. Therefore, covering your appliances can help reduce overall costs, especially considering how expensive appliance repairs and replacements are.
  • You Want Extra Protection for Your Appliances: Since standard home warranty plans and manufacturer warranties don’t cover everything that can go wrong with your appliances, you may want some extra peace of mind. An appliance insurance plan can provide that to you. If you are the type of person to always spring for extended warranties or additional protection packages, then home appliance insurance is an excellent choice for you.
  • You Use Your Home Appliances More than Expected: If your home appliances get more use than they would normally, then an insurance plan can help you protect them better against faster-than-usual wear and tear. Whether you have a larger family or a larger home, you won’t want this greater use to leave you with expensive repairs or replacements.

Why Home Appliance Insurance May Not Be For You

  • You’re Renting: If you rent your home or apartment and the appliances belong to the landlord, then the responsibility for getting them fixed or replaced falls to them. If this is the case for you, you likely don’t need to spend the extra money to get additional protection for those appliances.
  • You Are Comfortable with the Manufacturer’s Warranty: If you like the amount of coverage you get with your manufacturer’s or extended warranty, you likely won’t find much value in purchasing additional coverage. However, keep in mind that these warranties do not provide comprehensive coverage, and you may find yourself in a bind without additional protection.
  • You’re On a Strict Budget: If you’re looking to save money month-to-month, then purchasing an additional protection plan for your appliances may not be the right idea for you. On top of the monthly premium, these insurance policies also include deductibles and technician service fees.

How Long Will Home Appliance Insurance Last?

According to top warranty provider American Home Shield, most contracts for standard home warranty plans last for a year before you need to renew the policy. However, you can continue renewing your plan indefinitely. As long as you’re paying the annual or monthly premium, you will continue to receive insurance coverage.

How to Choose the Best Home Appliance Insurance

When it comes to selecting the best home appliance insurance, you need to focus first and foremost on finding a plan that fits your specific needs. Most insurance providers offer a ton of options when it comes to coverage and limits. Take the time to figure out what appliances you want to protect and to what extent you want them covered. Then, find a plan that fits those requirements.

Home Appliance Insurance Key Factors to Consider

1. Which insurance providers offer coverage in your area?

The first step to finding the best home appliance insurance is to find the providers that offer coverage in your geographical area. Due to regulations and legislation, insurance is handled differently in every state, affecting premiums and coverage limits.

Take some time to research the different providers available in your area before jumping into a plan. First, use the internet to find providers and then navigate to their websites. Once on their website, you can request a quote, which typically requires you to enter your zip code into an online tool. Then, you’ll find out if coverage is available in your area and how much it will cost.

2. What kind of major appliances do you need to cover?

Most home appliance insurance companies offer three different tiers when it comes to the amount of coverage you can purchase for the appliances in your home. Let’s take a look at the different options.

Major Appliances Only

These insurance plans only cover problems with your major appliances. But, in general, these are the most affordable home appliance policies since repairing and replacing home appliances is usually cheaper than repairing or replacing entire major home systems.

You can expect these plans to cover most, if not all, of the following appliances:

  • Refrigerators
  • Standalone and built-in microwaves
  • Dishwashers
  • Water heaters
  • Water softeners
  • Central vacuum
  • Ceiling fans
  • Stand-alone freezers
  • Laundry appliances

Major Systems Only

These insurance plans only cover problems with major home systems. So, for example, if your home experiences plumbing stoppages, a major systems plan would cover the plumbing costs associated with that. In general, these plans are more expensive than major appliance coverage.

You can expect these plans to cover most, if not all, of the following home systems:

  • Electrical systems
  • Plumbing systems
  • Heating systems
  • Central air conditioning systems
  • Lawn sprinkling systems

Comprehensive Plans

If you want to cover both major appliances and major home systems, then many providers will offer a combo plan option. These are the most expensive home appliance insurance policies since they provide comprehensive coverage.

Add-On Coverage

If there’s anything your provider’s basic plan doesn’t cover in any of the above categories, you will typically have an opportunity to purchase optional add-ons. These additional coverage choices allow you to customize your warranty plan to fit your exact needs completely. For example, you may want to cover your best HEPA vacuum for mold. An add-on can help with that.

Common optional coverage options include things like:

  • Swimming pools
  • Limited roof leak coverage
  • Septic systems
  • Appliances and systems in additional homes

3. What is the overall cost of your plan?

Every insurance provider offers a wide range of rates, depending on the type of appliances plan you purchase and the additional options you select. Therefore, it’s essential to set your budget ahead of time and find a plan that fits.

When you look at cost, you need to consider factors like annual premiums vs monthly premiums, deductibles, and service fees.

4. What kind of exclusions or coverage caps are there?

Every appliance plan comes with a coverage limit and exclusions. This can significantly affect your ability to get your appliances and home systems properly repaired without needing to spend much money.

Be sure to read the policy details closely to understand the contract terms to which you are agreeing. Consider these key factors:

  • Age of home and appliances: Some insurance companies will not cover your appliances and systems if they are past a certain age. However, they will not check that before you purchase a policy. You are responsible for knowing if your appliances qualify.
  • Annual limits: If your insurance policy carries a coverage gap, the provider will only pay a certain amount of money for repairs or replacements. Be aware of the payout limits on your plan so you don’t get stuck with expensive repairs past those limits.
  • Exclusions: Your policy may carry any number of different exclusions, ranging from types of products that aren’t covered or situations in which a claim would be denied. Read through your policy before purchasing so you know what those exclusions are. For example, some policies may require you to provide maintenance records before approving a claim to prove that you are doing your part to keep the appliance in good condition.

5. What does the claims process look like?

Filing a claim with your home appliance insurance provider should be effortless on your end. The best home appliance insurance policies offer various claims methods, including online, email, and phone.

If it’s too difficult for you to file a claim and get good customer service, then paying for an insurance plan becomes pointless. Read customer reviews of the specific company you are considering, so you understand how well they’ve built their claims process.

Home Appliance Insurance FAQs

How soon can you use a home appliance insurance policy after purchase?

Your coverage starts as soon as you initiate the service contract with your provider. So, even if your fridge breaks the day after you start your policy, you’ll still be able to get it repaired or replaced through your insurance provider.

Does a homeowners insurance policy cover appliances?

In most cases, your home warranty will only cover your appliances if they are damaged in a natural disaster or stolen from your home. If they break down or wear out due to everyday use or age, then your home warranty won’t cover the cost of repairs or replacement. This is where the best home appliance insurance policies come into play.

Do home appliance insurance plans require a home inspection?

In general, most insurance companies will not require an inspection of your appliances or home systems before purchasing your plan. Instead, the burden of ensuring your appliances qualify for coverage is up to you.

Is home appliance insurance worth it?

Yes, home appliance insurance is definitely worth it, especially if your appliances are no longer covered under the manufacturer’s warranty. Even if they are still covered, an insurance policy will cover more than a standard warranty. This can be helpful for you to avoid high replacement costs and repair costs.
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