Each homeowners insurance policy is different when it comes to providing coverage for your home appliances. While they rarely cover repairs related to regular use and day-to-day wear and tear, there are situations where your appliances will be covered if they happen to be damaged beyond repair by a covered peril. The perils you are covered for are listed in detail within your policy. If you haven’t read your policy, you may want to go over it carefully and understand the extent of coverage offered by home insurance for appliances. Doing so will ensure there arenâ€™t any surprises if you need to file a claim in the future.
What Is a Covered Peril?
In simple terms, perils are specific risk factors that your homeowners insurance will cover. There are some basic perils that are covered by most policies. Others like hurricanes, earthquakes, and floods will require a supplemental policy. Common perils that are covered by most homeowners insurance include fire, theft, lightning, smoke, hail, and accidental water damage, just to name a few. In these situations, home insurance for appliances will pay for the damages/repairs.
The Extent of Home Insurance for Appliances
Your homeowners insurance policy offers many types of coverage. An appliance may fall into multiple categories, depending on a few key factors.
- Appliances that are removable or that plug into your electrical system may fall under the heading of personal property.
- Other appliances, especially those that are hardwired or connected directly to your home, will more than likely be covered as a part of the structure. This means it will fall under the category of your dwelling, much in the same way as your garage or roof.
- Appliances that are connected to other buildings not attached to your home, will be covered in the same fashion.
Protecting Your Appliances
There are many ways you can protect your appliances and cover potential damages.
- Schedule annual maintenance visits for your electrical, plumbing, and HVAC systems. This ensures that all of the connections to your home, whether they are plumbing or electric, are in good working order.
- Hire professional technicians who will know what to look for when it comes to wear and tear and make repairs as needed. This helps to prevent unexpected breakdowns that can be rather costly.
- You can also ask your insurance agent about policies that are specifically designed for your appliances. Such policies will cover unexpected repairs, no matter what caused the damage. For a few extra dollars a month, you can enjoy greater peace of mind knowing that an unexpected appliance failure won’t break your budget.
Keeping your appliances in good working order is a must. It’s also important to know that your appliances are covered by your homeowners insurance if something ever happens to your home and personal possessions.