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When looking at various appliance insurance plans, you may want to learn about the Costco appliance warranty. When you purchase an appliance from Costco, you also get an extended manufacturer’s warranty that lasts for two years, provided you are a Costco subscriber. These manufacturers’ warranties handle basic manufacturing errors, similar to a Sears appliance warranty.
KEY TAKEAWAYS:
Yes, Costco offers a two-year limited warranty when purchasing any appliance, which is similar to a standard blender warranty. This manufacturer’s warranty is only available to those who subscribe to one of Costco’s membership plans which range from $60 to $120 per year. It also only covers issues related to shoddy workmanship and defective materials, just like a PS5 warranty.
Insider Tip
Hold onto your receipt, proof of purchase, and warranty card to show to Costco if you need some work done.
A Costco limited warranty is a good start, but if you are purchasing pricey appliances, you may want a bit more coverage to handle issues beyond manufacturing problems. For this type of coverage, you have a few options to choose from.
Costco is a multi-tentacled company with its hands in a number of pies. With that in mind, the retailer offers a variety of insurance and extended warranty products to subscription members. The details and prices of these plans vary, but they tend to extend the length of the original warranty by a number of years and add new protection types into the mix, like coverage for accidental damage. Like most goodies at Costco, these plans are only available to subscription members.
If you don’t want to go with one of Costco’s in-house insurance plans, you have plenty of other companies waiting in the wings to offer appliance coverage. There are many insurers out there that will cover each appliance separately or provide you with comprehensive appliance plans to cover every appliance in the home. The width and breadth of the coverage here vary depending on which plan and company you choose, but expect coverage for accidental damage, normal wear and tear, and related issues.
Many homeowners’ insurance plans include language to protect appliances in the case of a natural disaster like a flood or fire. Read the fine print of your plan to check if this type of coverage applies to you, and keep this in mind when shopping for a new plan.
STAT: As of 2022, Costco is the fifth largest retailer in the world and is the world’s largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine as of 2016. (source)
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