Home Appliance Insurance is a type of insurance which provides protection to your home devices such as Television (TV), Air Condition (AC), Refrigerators, Washing Machine, Microwave, Water Purifier, Dryers, Dishwashers, Food Processors, Water Heaters, Air Coolers, Kitchen Chimneys, OTG, Vacuum Cleaner, Air Purifier and more. Home Appliance insurance covers most of the parts of the products. So exclusions are remote control etc. You can contact
Home Appliance Insurance Agent to know more about the plans.
Home Appliances insurance covers the following damages:
- The loss by Fire, Lightning or Explosion
- Riot, Strike, Malicious Damage
- Due to natural Hazards such as Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood & Inundation
- Impact Damage (Loss of or visible physical damage or destruction caused to the Dwelling insured due to impact by any Rail/ Road vehicle or animal by direct contact)
- Normal cracking, settlement or bedding down of new structures.
- The settlement or movement of made up ground
- Coastal or river erosion
- Demolition, construction, structural alterations or repair of the Dwelling or ground works or excavations
- Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
- Missile Testing Operation
- Leakage from Automatic Sprinkler Installations. Excluding loss, destruction or damage caused by
- Repairs or alterations to the Dwelling
- Repairs, removal or extension of the sprinkler installation
- Defects in construction known to You
Home Appliance insurance also covers Burglary/house-break. Any theft following upon actual, forcible and violent entry and/or exit from premises and includes house-breaking.
There are few companies providing home appliances insurance services such as One Assist, Royal Sundaram and more. As like Health Insurance, Motor Insurance, Life Insurance, Home appliance insurance is very important as it provides protection to most of the electric appliances. The chances of damage to such appliance are very high. You can cover your home appliance up to 10 years of purchase. The company provides some other services such a free service and more depending up to the company and plan.
Under the minimum packages, you can get coverage of 4 home appliances up to the cover of 50,000 just at Rs. 416 / month. You can use the claim amount of Rs. 50,000 for any of the registered four devices or even on any one of them. Another cheaper plan is available for a single home appliance product is for Rs 112 / month. Under this, you can get coverage of Rs. 15,000 for a single device.
When should you buy a home Appliance Insurance?
You should buy a home appliance insurance after 1 – 2 years of purchase. Because the company provides 1-year primary support for your product and sometimes at a cheaper rate they provide a 1 year extended warranty. So, you should use the company warranty first. After that, you can get a home appliance insurance by calling on +91-7838904326.
The company provides warranty 1 – 2year. The warranty does not cover physical damage or theft. If you are living in a family with kids or if you feel risk about the home appliance that the chances of damage are high, in such a situation you can buy home appliance insurance from the 1 year.
Home Appliances are values and costly products. Such a Refrigerator, TV, AC. The loss of such appliances can give you a heart pain of Rs. 10,000 – 12,000 easily and if your product is older than 5 years than chances of damage and technical issues increases.
Can I buy Home Appliance Insurance if my device is not working properly / damaged?
Luckily yes, you can buy home appliance insurance even if your appliance is not working fine. The only condition is that you have to get the repair done from your side first. Once it starts working fine, you can buy home appliance insurance. Insurance of home appliances covers up to ten years. It provides cover for technical/ physical/ electric losses. It also provides settlement in case of theft.
Looking for cheap home appliance insurance?
Rs. 112 / month can provide your cover of Rs. 15,000. You can get a claim for the repair cost/theft up to Rs. 15,000 in a year.
How Home Appliance Insurance Works?
The technician of the insurance company will visit your home to repair the device you don’t have to request for any claim to find bills to get reimbursement. You just have to give a call to the insurance company. Rest all work will be done by the company directly and you don’t have to give any amount for the repair. The company also provide free maintained service upon the plan you opt. Like you don’t have to call anybody to get your AC service. The home appliance insurance company will do it for you’re at no extra cost.
