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When perusing appliance insurance plans, you may want to learn about LG’s refrigerator warranty. When you purchase a new LG fridge, you receive a standard manufacturer’s warranty of two years, which is in line with other refrigerator manufacturers. This manufacturer’s warranty handles issues caused by factory errors but does not cover accidental damage or normal wear and tear, similar to a Bosch dishwasher warranty.
Yes, LG refrigerators ship with the company’s two-year manufacturer warranty, just like a Samsung washer manufacturer warranty. This warranty only covers issues related to factory error and defective materials, which is just like a Sony TV manufacturer warranty. In other words, the plan does not cover accidental damage or normal wear and tear unless you can prove either stem from a manufacturing concern.
Keep your receipt and register your refrigerator with LG as soon as you can, after installing it, of course.
Refrigerators can last a long time, seven to ten years in most cases, so you want to up the coverage beyond LG’s two-year limited warranty. Luckily, you have plenty of options to do just that.
LG offers its own extended warranty plan and plenty of insurance products to cover your fridge. The specifics vary depending on the model of your appliance, but the extended warranty plans simply extend the length of the manufacturer’s warranty and not the coverage type. So you’ll still only be getting free repairs for issues related to the manufacturing process. However, LG-assisted protection plans (insurance) cover normal wear and tear, cosmetic damage, and accidental damage, in addition to extending the lifespan of the coverage.
If you are comfortable with your current warranty or insurance provider, you may have no reason to switch. You don’t have to opt into LG’s plan, after all, and there are plenty of third-party companies that offer extended plans for refrigerators. Companies like Akko and Progressive both offer plans to cover home appliances, including refrigerators. These plans range in price and coverage type, so read the fine print.
In some cases, your homeowner’s insurance plan will cover appliances if they are damaged along with the rest of the house due to a natural disaster and the like. Renter’s plans cover theft, but there is little chance of someone coming into your home and making away with a 300-pound refrigerator.
STAT: LG Corporation was established as Lak Hui Chemical Industrial Corp. in 1947 by Koo In-hwoi. In 1952, Lak Hui (락희) (pronounced “Lucky”; now LG Chem) became the first South Korean company to enter the plastics industry. (source)