What is White Goods Insurance?
White goods insurance is a type of home insurance that covers the cost of repair or replacement of large household appliances such as refrigerators, washers, dryers, dishwashers, ranges, and air conditioners. It is designed to protect homeowners from having to pay out of pocket for the cost of repairing or replacing these appliances if they are damaged due to wear and tear, power surge, or other covered perils.
What Does White Goods Insurance Cover?
White goods insurance typically covers the cost of repair or replacement of the covered appliances in the event that they are damaged due to wear and tear, power surge, or other covered perils. It may also cover other related costs such as temporary housing if the appliance needs to be repaired or replaced and the home is uninhabitable due to the damage.
Who Needs White Goods Insurance?
White goods insurance is a good option for homeowners who want to protect their large appliances from unexpected damage. It is also a good option for renters who are looking for an inexpensive way to protect their appliances from damage.
How Much Does White Goods Insurance Cost?
The cost of white goods insurance varies depending on the type of coverage you choose and the value of the items you are insuring. Generally speaking, the cost of white goods insurance is relatively low compared to other types of home insurance.
What Is Not Covered by White Goods Insurance?
White goods insurance does not cover damage due to normal wear and tear, intentional damage, or Acts of God. It also does not cover any pre-existing damages or conditions that existed before the policy was purchased.
White Goods Insurance FAQs
What is the maximum amount of coverage available with White Goods Insurance?
The maximum amount of coverage available with white goods insurance is typically based on the value of the items being insured. It is important to note that the insurance company may require an appraisal of the items in order to determine the value.
Can I insure multiple appliances under one policy?
Yes, you can typically insure multiple appliances under one policy. You may need to purchase additional coverage for higher value items, however.
Does White Goods Insurance cover accidental damage?
Yes, white goods insurance typically covers accidental damage, such as damage due to power surges or other covered perils.
What is the deductible for White Goods Insurance?
The deductible for white goods insurance is typically around $500. However, this may vary depending on the policy and the insurer.