4 Reasons Why a Home Warranty is a Must

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A broken appliance can be a major headache for homeowners. A broken oven or dishwasher can literally stop you from cooking in your own home. A faulty refrigerator can lead to a ton of spoiled food. A busted air conditioner in the middle of summer means uncomfortable, sweaty, stick days and sleepless nights. Every day, we depend on the functionality of our home appliances.

Fortunately, home warranties are available for homeowners as a terrific backup plan when an appliance or home system inevitably fails.

What Is a Home Appliance Warranty?

An appliance warranty is a plan that guarantees the repair or replacement of a broken appliance. Manufacturers often provide limited warranties that go into effect as soon as a consumer purchases an item. A new air conditioner, for example, might be covered by the manufacturer for anywhere from three months to a year or more. If a consumer wants protection beyond that amount of time, a home appliance extended warranty is required.

Should You Buy Extended Warranty on Appliances?

An extended warranty on a major appliance is more affordable than you think. Still, are extended warranties on appliances worth it for the average consumer?

The answer is commonly yes. Here are four of the most significant benefits of an extended warranty.

Affordable repair. The likelihood of an appliance requiring repair after the manufacturer’s warranty has run out is quite good. Depending on the model and manufacturer, an oven can have a five-year fail rate of nearly 45%. That figure can be above 50% for dishwashers and washing machines, and even 60-65% for refrigerators. Because the repair of these devices requires specialized training and knowledge, the invoice for these repairs can cost homeowners hundreds of dollars. A warranty for appliances can protect homeowners from that cost. 

  • Reassurance of replacement. Occasionally, a home appliance may require total replacement. That can be a daunting prospect for the budget-conscious. Full-size air conditioners routinely run into the thousands of dollars. An extended warranty can cover the cost of that replacement.
  • Skilled & certified service. Time is of the essence when a critical home appliance breaks down. For a busy homeowner, it can be stressful to find a reliable repairperson at a moment’s notice. Fortunately, third-party warranty providers often have a network of licensed, professional technicians. They can dispatch a technician to your home within hours, saving you the trouble of finding one yourself.         
  • Significant savings. Extended warranties are affordable for the average homeowner—certainly more affordable than the cost of replacing a major appliance. The total cost of an appliance warranty is routinely less than the cost of repairing or replacing the appliance itself, so you save money in the long run.

Protect Your Home Appliances with Protection Direct

Now that you know how warranties can help protect costly appliances & systems in your home, contact Protection Direct today for more information. We can provide you with across-the-board coverage for the major appliances in your home. 

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