Usually, a home appliance warranties is transferable to the person who purchases a home with appliances that are covered under the home warranty agreement. At the time of sale, the seller must tell the buyer if they purchased any product protection warranties and if they are transferable benefits. If you’re purchasing a home and are interested in such a service agreement, make sure to inquire with your bank or mortgage company about what consumer protections you can get from homeowners coverage and verify that your potential purchase’s appliances are covered through third-party agreements for both parts and labor.
What is a Home Appliance Warranty?
A home appliance warranty is a service agreement that covers the repair or replacement of your home appliances. The length of the warranty varies by appliance, but most are for one year. Some warranties are transferable to new owners if you sell your home.
What does a Home Appliance Warranty cover?
Most home appliance warranties cover the major appliances in your home, such as your refrigerator, stove, oven, dishwasher, washer, and dryer. Some also cover small appliances, like your microwave or coffeemaker. Most warranties do not cover wearable items, like hoses or light bulbs.
Benefits of a Home Appliance Warranty
Home appliance warranties are transferable service agreements that offer many benefits to the consumer. The most important benefit is protection against expensive repairs or replacements should your appliance break down. A warranty can also save you money on your monthly energy bills, as well as provide peace of mind in knowing that you have a reliable appliance.
Other benefits of home appliance warranties include:
- extended protection for your appliances
- enhanced customer service
- premium coverage for some of the most expensive appliances in your home
- Guaranteed appliance repairs or replacements with little or no out-of-pocket expense to you.
How Do I Know If My Appliance Is Covered By A Warranty?
Most home appliances come with a manufacturer’s warranty, and some retailers offer an extended warranty when you purchase an appliance from them. Be sure to read the fine print on any warranty before you make a purchase, so you know exactly what is and is not covered. Home appliance warranties typically cover parts and labor for a set period of time, usually one to five years. Some home warranty companies also offer protection against future repairs on appliances that have been repaired under the previous warranty.
What Does A Home Appliance Warranty Cover?
Home appliance warranties typically cover the major components of an appliance, such as the compressor, motor, and major electrical components. Some home appliance warranties also cover cosmetic damage, such as scratches and dents. Most home appliance warranties do not cover repairs that are needed due to normal wear and tear, such as replacing a worn out gasket or burned out light bulb.
Transferring the Warranties
Most home appliance warranties are transferable, so if you sell your home, the new owner will be covered by the terms of the warranty. In order to transfer the warranty, you’ll need to provide the new owner with a copy of the original sales receipt or other proof of purchase, as well as any documentation that came with the appliance. The new owner will then need to register the appliance with the manufacturer in order to activate the warranty.
So, if you’re selling your home and want to transfer an appliance warranty to the new owners, be sure to have all the necessary documentation on hand. And if you’re buying a home, be sure to ask about any appliances that may come with a transferable warranty.
Pertinent Terms and Conditions
The following are some important things to remember about appliance warranties:
-Warranties are transferable service agreements that protect your purchase in the event of a covered repair.
-You should keep your warranty information in a safe place and make sure to update it if you move or change your contact information.
-Most manufacturers offer a one-year warranty on parts and labor, with some offering extended warranties for an additional cost.
-Be sure to read the fine print of your warranty before making a claim, as some repairs may not be covered or may require a deductible.
-If you are making a warranty claim, you will likely need to provide proof of purchase and/or your appliance’s model and serial number.
Conclusion
A home appliance warranty is a service agreement that covers repairs or replacements of your appliances. Most warranties are transferable, which means you can sell them with your home if you ever move. If you’re thinking of buying a home appliance warranty, be sure to do your research so that you understand what’s covered and what’s not. And always remember to keep your receipts and paperwork in a safe place so that you can reference them if ever you need to use your warranty.
