Finding the right appliance insurance can mean all the difference between your home running smoothly (even when a major appliance breaks) and things falling into chaos. Your pockets can also suffer if you don’t make the right choice. Yet it’s no easy feat to sort through all of the insurance companies to find the best one for your household’s needs.
We’ve compiled data on all of the relevant appliance insurance companies, sorting through 18 of the best, from heavy hitters to lesser-known businesses with standout features. After evaluating each one on over 130 attributes, we determined that Liberty Home Guard offers the best appliance insurance for most homeowners.
We’ve also done the research and ample fact-checking on four other top companies, but as home warranty expert and Forbes Advisory Board member Marcus Hill, who has 20 years of experience in the industry, notes, it’s still important to “ask for clarification on exclusions to ensure you understand what is and isn’t covered” when you’re selecting the company that will insure the safety of your appliances and home systems.
In other words, doing your own research to determine if a company or plan is right for you is vital.
This is especially necessary because, according to a recent Forbes home warranty survey, more than 90% of homeowners have spent $2,800 on average to repair or entirely replace their appliances over the last five years. If you want to count yourself as one of the select few who can rest assured that their appliances are covered in case of an emergency, you’re in the right place
