Home appliance insurance—also called a home warranty—is an optional service contract that protects major appliance and systems in your home when they break down. Commonly covered appliances include kitchen appliances—like refrigerators, dishwashers, and cooktops—as well as clothes washers and dryers, air conditioning, and garage door openers. Most of these appliances are used every day—sometimes multiple times a day—and can, therefore, break down either unexpectedly or from normal wear and tear.
There are three types of home warranty plans that can cover the costly repairs and replacements of household appliances—a home warranty, homeowners insurance, and a manufacturer’s warranty. Here’s everything you need to know about all three plans—from coverage and cost to the best home warranty companies and how to find the right plan for you.