Which 5 Appliances Really Need an Extended Warranty?

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A lot of thought goes into buying a new appliance for your home. One of your biggest concerns may be whether or not you are buying a quality and durable product.

This is especially true for always-on appliances like refrigerators, stoves, and air conditioners, which can be expensive to replace every few years.

In these cases, you might consider adding an extended warranty. While you might consider opting for additional insurance for something as basic as your toaster oven or coffee maker, the reality is that larger appliances should always have an extended warranty.

If you are still undecided about this or not sure which item requires a policy, then this article is for you! Read on as we take a look at the extended warranties you need for your devices.

What exactly is an extended warranty?

Simply put, extended warranties are special insurance policies for newly purchased items that cover repair or replacement in the event of a product malfunction. Getting the extended warranties on the right items can save you money in the long run.

In most cases, manufacturers and retailers offer a 12 to 24 month warranty, but the good news is that you often have the option to add additional coverage plans. If you fail to opt for the extended warranty, you will be fully liable for the repair or replacement of the item.

It’s important to remember that if you decide to do any repairs yourself, you’ll have to pay for the parts and possibly the labor as well. Replacement parts may not be readily available and repairs may take longer than expected. Extended warranties ensure a trusted manufacturer representative will take care of any necessary repairs.

Why should you consider an extended warranty for devices?

peace of mind

An extended warranty gives you peace of mind knowing your equipment is covered for a longer period of time. You don’t have to worry about unexpected breakdowns or repairs, and you can focus on using your devices without worrying about repair costs.

Convenience

With an extended warranty, you can easily schedule repairs or replacements without the hassle of finding a repair technician or paying for repairs out of pocket.

Longer lifespan

Devices are designed to last for several years, but wear and tear can greatly reduce their lifespan. An extended warranty can help extend the life of your equipment by ensuring it is serviced and repaired regularly.

They are transferrable

Finally, an extended warranty is often transferrable to a new owner if you decide to sell your device. This can add value to your device and make it more attractive to potential buyers.

Top devices that should ALWAYS come with a guarantee

These days, you can add an extended warranty to just about any item you buy — from a waffle maker to a side-by-side luxury refrigerator. If you’re looking to save money on future repairs or replacements, you may be wondering which devices require an extended warranty and for how long?

  1. stoves and ovens

Ovens, whether electric or gas, are difficult to repair yourself and replacement parts can be expensive. If your cooker is an item that you use every day, it is necessary to invest in an extended warranty. It can also be a good idea to include a cover with all new microwave ovens you buy. For stoves, general coverage is two years, but you can extend this if you need to.

  1. refrigerators

If you’ve recently browsed catalogs or shopped for fridges at local stores, you know we’ve entered a whole new era of style and efficiency! In addition, high prices may make you think twice about replacing your old fridge.

However, if you are going to take the plunge and buy a new fridge, getting an extended warranty is essential. Remember that your fridge is always on and you can count on it to keep your food at a healthy temperature.

If you don’t take advantage of the extended warranty, you risk the cost of repairing and replacing spoiled food. It’s a good idea to opt for a minimum five-year warranty.

  1. washing machines and dryers

If you think an extended warranty for your washer or dryer is a bit excessive, then you’ve never experienced a mountain of laundry with a broken washing machine and nothing to wear!

Whether you’re buying a basic washer or dryer, or opting for a more advanced machine with all the bells and whistles, it’s always a good idea to take out an extended warranty. Experts recommend a guarantee of between two and five years.

  1. HVAC systems

Because HVAC systems are built to last, many people forego extended warranties. Despite their general durability, most of these devices only come with a standard one or two-year warranty.

When you consider the cost of buying and then installing it, you have to ask yourself: is a basic two-year warranty really the best option? Depending on where you stay, your air conditioning can be an integral part of your home’s comfort.

With this in mind, you should always opt for an extended warranty that goes beyond the manufacturer’s standard warranty. Not only will you save on maintenance and repair costs, you can have peace of mind knowing your air conditioner is working when you need it most.

  1. dishwasher

Another expensive item that many households use on a daily basis — and swear they can’t live without — is the trusty dishwasher. Since most dishwashers are expensive, it’s always a good idea to opt for an extended warranty that will cover your appliance for at least five years.

Final Thoughts

Deciding which of your devices really needs an extended warranty will depend largely on your emergency repair budget. Realistically, not many of us have such devices in case the stove or washing machine needs repairs. With that in mind, investing in extended warranties for bigger, more important items that you use every day is not only a good idea, it’s highly recommended!

From HWM Partnership

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