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Is Kitchen Appliance Insurance Worth It?

is kitchen appliance insurance worth it

These days, homeowners have to insure everything they own – from their cars, houses, and even down to their kitchen appliances.

Well, I guess no one would want to leave the property they spent a fortune on unprotected.

Many homeowners now invest a lot in making their kitchens high standard and classy, especially those who love to try out new delicacies every day.

Besides, kitchen appliances seem to be getting so pricey by the day because of how inevitable their services are in the home.

Having these appliances insured gives your mind a whole lot of rest, knowing you can get your appliances fixed when they are faulty.

The most exciting part of insuring devices is that you can have them replaced if they are faulty beyond repair or if they got stolen.

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Nevertheless, is it actually worth it to insure your appliances?

Before we can arrive at this answer, let us take a look at what it means to insure your kitchen appliances.

Insuring Kitchen Appliances: Things You Need To Know

Kitchen appliances are insured under an insurance policy called “home appliance insurance” or “domestic appliance insurance.”

Home appliance insurance is an insurance policy that requires you to pay a fixed amount of money per month to protect your appliances.

This insurance policy can be extended to any of your appliances in the home, including your kitchen appliances.

When you get a home appliance insurance, you would not have to deal with unexpected expenses you never budgeted for because this insurance policy will cover the repair and even the replacement of your appliances.

What to Do Before Getting Home Appliance Insurance 

is kitchen appliance insurance worth it money cost

Home appliance insurance only covers problems that occur after getting the insurance policy; it does not cover pre-existing problems.  

Before getting a home appliance insurance, you should carefully and thoroughly read the fine print of the policy and check out the company’s mode of operations.

Check if you can run to the company at any moment for assistance.

Also, check the number of appliances that would be covered under this policy.

This is because some home appliance insurance policies might not cover some of the appliances you have in mind.

However, quite a number of top insurance providers offer coverage for unlimited appliances, which include kitchen appliances.

Home appliances can develop strange problems that you never even envisaged.

For this reason, it is important that you check if your home appliance insurance policy covers every problem that is likely to arise while using your appliance.

Of course, you will not be able to tell all those problems but know how comprehensive you want the cover to depend on your need, and the more your needs, the more the charges.

If you have a very comprehensive cover, you will be able to claim a lot on the home appliances insurance policy; in fact, you would be able to request an unlimited amount.

You should also know that the cheaper your home appliances insurance, the lesser your claims.

Note that not all appliances can be covered.

This can be as a result of the age and value of these appliances.

Some home appliances insurance policies only cover appliances that are of certain age and value.

How much does home appliance insurance cost? 

As mentioned earlier, the comprehensiveness of your cover determines how much you would be charged.

But according to research, the annual cost of appliance insurance can be between $200 and $500. Have it in mind that extending the coverage to your kitchen appliances might cost more.

How Does Home Appliance Insurance Work? 

Once any of your appliances break, put a call through to the insurance company at once and file a claim.

The company will confirm your request and set up an appointment with you.

A service fee will be collected, and you will be hooked up with a contractor.

Is it really worth it to insure your kitchen appliances?

Back to what brought us here: insuring your kitchen appliances is a good idea based on some reasons.

First is the fact that there might come a time when you would have to repair or replace one of the very expensive kitchen appliances like your refrigerator, coffee machine, or oven.

These appliances are expensive and cannot just be bought out of the blues without adequately planning for their purchase.

In a situation where any of these appliances breaks down, you would have your insurance policy to fall back to.

What it would cost you to repair or replace any of these appliances is far more than the cost of an appliance insurance policy.

Also, insuring your kitchen appliances might worth it if you are putting up your house for sale after so many years – say ten years or more.

No one would want to invest in an old house, but the fact that you have insurance on your appliances is one of the things that will entice prospective buyers regardless of how old the house is.

Lastly, no matter how much you care for your appliances, these appliances will still suffer wear and tear.

In short, all appliances are subjected to wear and tear because it is a natural phenomenon, and when this happens, you would need to replace them with new ones.

With kitchen appliances insurance, you can be at rest, knowing you are fully covered.


Having seen what it means to insure one’s kitchen appliances and the benefits that come with it, you can see that kitchen appliances insurance does worth it.

You might be wondering what the use of a warranty is if you still have to insure your appliances.

Well, a manufacturers’ warranty on an appliance does guarantee repairs and servicing for a limited number of years.

Unfortunately, the common problems appliances have may be outside what the warranty covers – some of those problems are wear, tear, and theft.

Hence, what appliance insurance does is to cover that gap which the manufacturer’s warranty cannot.