When you’re faced with the decision to purchase coverage for your home appliances, you may question whether or not it’s worth the cost. I mean, how often do home appliances break anyway!?
The answer to that question varies greatly depending on the amount of stress you put on your appliances. And, to be honest, it also has a lot to do with luck. Some homeowners don’t need a repair for 10+ years while others have to repair a dryer and dishwasher within the same year.
If you’re thinking of purchasing a home warranty for your appliances, here’s what you need to know about how they work and the quality of service you’ll receive.
Here’s how the typical appliance warranty works.
- The customer enters into a contract with a home warranty company, in which said customer pays a monthly fee to cover the costs of appliance repairs when/if the need arises. The higher the monthly fee, the more appliances that will be covered.
- When the customer’s appliance breaks, the customer contacts the home warranty company and they assign an independent local appliance repair company (like Cody’s Appliance Repair) to perform the repair.
- The customer pays a pre-determined service call fee (usually around $75) for each visit but does not pay the cost of parts and labor.
- If the appliance is not repairable (or the cost of the repair outweighs the cost of a replacement), the cost of the replacement may be partially covered depending on your contract.
The idea of an appliance repair warranty sounds great! Pay $75 and that’s it for each repair. Well, with the good always comes the bad. Here’s what you need to know when dealing with home warranty providers.