If your washing machine, dishwasher or fridge develops a fault, a repair or replacement could be costly. We explain why it’s worth considering a home appliance warranty.
Usually when you a buy a new domestic appliance, you'll benefit from the manufacture's guarantee for a period of time.
So, for example, your washing machine warranty should normally be for at least 12 months.
That means that any problems which develop during this initial period should be dealt with by the company which made your appliance.
Whether this is through a repair carried out by a qualified engineer or, if this isn’t viable, by replacing the appliance outright.
What is an extended warranty?
Once the manufacturer’s guarantee period has expired, it’s up to you to bear the cost of dealing with any faults.
And this is where an extended warranty or home appliance insurance can come in.
By purchasing an additional household appliance warranty, you could effectively insure yourself against the cost of dealing with a broken-down washing machine or dishwasher, for example.
Extended warranties are normally provided by the appliance’s manufacturer in return for a one-off fee.
For example, if you’ve bought a Hotpoint washing machine, you’ll probably be asked if you want to buy an extended washing machine warranty from Hotpoint.
As well as the price, make sure you check the terms and conditions of any extended warranty you are thinking of buying.
In some cases, you may have to pay for any new parts that are needed.
Or the warranty may cover the cost of parts and repairs but require you to pay a call-out fee.
Check also what the policy is regarding replacing a machine that can’t be repaired economically.
The best warranties should provide this kind of guarantee as standard.
Most home appliance policies allow you to stop paying your premiums at any time, at which point your cover no longer applies.
Extended warranties on the other hand can sometimes lock you into a two- or three-year payment term, with no get-out clause.
You might even be able to add an accidental damage clause to your household appliance warranty, something standard extended warranties generally won’t offer you.
A typical household appliance policy might cover three items.
For example a washing machine, a dishwasher and a TV, for a set payment of around £10 a month.
This might be sufficient for your needs – or you might prefer to buy multi-appliance cover.
Having this sort of cover should allow you to protect, say, nine domestic appliances with a single monthly payment.
What is a household appliance warranty?
As an alternative to an extended warranty, home appliance insurance is a specialised type of home insurance which should provide cover for numerous different appliances.
Essentially, home appliance insurance is like an extended warranty but it can be used for a wider range of white goods as well as just single items.
This is why it’s also known as a household appliance warranty, multi-appliance insurance or white goods insurance.
If you want multiple appliances covered against breaking down, this type of insurance could be more economical than buying a series of extended warranties.
And in some cases, home appliance insurance can be used for older items which are no longer covered by an extended warranty.
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Do I need an appliance warranty?
Appliances are least likely to break down early in their life.
So the typical 12-month warranty that comes free with your dishwasher or fridge is unlikely to be of much use.
If you’re worried about the impact of an appliance breaking down later in its life, it’s worth considering an extended warranty or some form of home appliance insurance.
Think about the consequences of one of your white goods breaking down.
For example, you might be able to live easily without a microwave for a few days, the same may not be true of a washing machine.
Particularly if you have a busy household that relies on several loads of washing every week.
Before buying any kind of warranty or appliance insurance, ask yourself the following questions:
- What guarantee am I already getting from the manufacturer without having to pay extra?
- Is the appliance likely to break down? Modern domestic appliances are increasingly reliable.
- How expensive is the item to repair or replace? If the cost is pretty low, you can probably take the chance of going without cover.
- How would I cope if the item broke down? For example, some people might find it easier to cope without a microwave or even a dishwasher for a few days. The same might not be said for a fridge or washing machine.
- What protection do I get under my contents insurance for accidental damage, fire or theft of the appliance? Find out more about the different types of home insurance in our guide.
And remember, monthly maintenance checks of your appliances could help spot problems early and prevent permanent damage.
How do warranties work on household appliances?
If you’re buying an extended warranty or home appliance insurance, your policy will have a number of features.
These should include:
How you pay
This can either be a one-off upfront fee, which is more common with extended warranties, or a recurring monthly payment.
This is the approach more usually taken by providers of home appliance insurance.
What is covered
Ideally, your appliance insurance or warranty should cover the cost of calling out or hiring a tradesperson or engineer.
These policies should also cover the expense of the repair work itself and any parts that are required.
If your appliances have stopped working because of a house-wide electrical failure, you could also be protected by home emergency cover.
How many claims you can make
How many claims you can make under the policy, or what the total maximum value of claims can be.
How old your appliances can be
Extended warranties typically run for two or three years once a manufacturer’s initial 12-month guarantee has expired.
Home appliance insurance can often be used for older washing machines, dishwashers and so on, but there is likely to be some age limit.
How long are warranties on household appliances?
The length of, say, your washing machine warranty or other domestic appliances, can be broken down as follows:
The initial guarantee
The initial manufacturer’s guarantee when you buy an appliance usually lasts for the first year you own a new item.
In some cases, you’ll have to register your purchase to qualify for the guarantee, but it is free of charge.
Some manufacturers provide an initial guarantee of more than a year.
An extended warranty
This normally applies once the initial manufacturer’s guarantee period has expired for an additional two, three or four years.
Exactly how long will depend on the appliance and the provider or manufacturer.
Home appliance insurance
This type of cover can protect a range of appliances and domestic items, and often for a longer time period than an extended warranty.
However, it might be difficult to get cover for an appliance such as a washing machine that is more than eight years old, for example.
What is the standard warranty on appliances?
The normal manufacturer’s warranty runs for at least 12 months, although you may need to register with the manufacturer to qualify for it.
For additional cover you’ll have to pay extra.
How do warranties work on appliances?
A warranty should typically cover the cost of an engineer visiting your home to diagnose and repair any problems.
It may also include the price of any parts needed.
In some cases, you may qualify for a replacement appliance if yours can’t be fixed economically.
How long are warranties on household appliances?
The standard manufacturer’s warranty usually runs for the first one or two years after you have bought an appliance.
An extended warranty could provide cover for two, three or four more years.
Home appliance insurance could offer protection for even longer, in some cases until an appliance is eight years old or even more.
Remember, always check the details of your policy to check exactly what it covers.