Appliance repair insurance is basically paying a premium in advance for service or repair of major appliances in your home. But the catch with any insurance is the fact that you may not have a problem and some people see this as a waste of money. But I have to disagree. With this type of service plan in place, you are paying for peace of mind. They are also called home warranties.
Here is how a home warranty protection plan works.
If your washing machine, garbage disposal or heating and cooling systems breaks down or malfunctions, all you have to do is call the company you bought the protection from and they will schedule a technician to come by your home and diagnose the problem. Most of these companies have a service call fee that is sometimes referred to as a deductible. This deductible will usually cost you about $60 to $100 lg appliance repair pasadena.
Who needs this type of coverage?
First time home buyers are great candidates for this type of warranty plan. First of all new home owners are usually strapped for cash, so the threat of having to pay for an expensive HVAC repair is just too much for them to handle. Having to repair or replace a heating and cooling system could cost thousands of dollars.
How much does appliance repair insurance cost?
The cost of this type of service can vary from plan to plan and from state to state. The premiums will usually cost anywhere from a few hundred dollars to just under a thousand dollars. The price difference is due to what you need covered and the area that you live in. If you only need major systems covered, your premium will be much less than the cost to cover all appliances, systems and a Jacuzzi or something similar.