Should i get refrigerator warranty

It is an extra charge not included in the price of the appliance, and it covers damage caused by regular wear and tear. When you purchase an extended warranty for a refrigerator, you pay a monthly or one-time fee that goes toward any repairs or replacements that year. They usually have an annual payout cap, but you will only have to pay the service fee at the time of repair unless the repair costs more than the payout.

Extended warranties typically last one year but can be renewed. For some consumers, home warranties and extended warranties are seen as a waste of money. Why not save that money each month and take the chance?

Rafi Mohammad, founder of Culture of Profit and contributor to the Harvard Business Review, believes that these types of warranties have real value:. First, they allow consumers to avoid the anxiety and financial loss of an unexpectedly high repair bill. It is comforting to know that an expensive refrigerator repair can be rectified with a small service fee and monthly payment through a service provider. Home warranties offer many benefits to customers:.

Depending on the severity of the issue, repairs and part replacement costs can hit your wallet hard. You have to pay for professional labor, too. Here are just a few examples of the average cost for certain refrigerator repairs:. After adding necessary labor fees, it is easy to see why a home warranty is cost-effective. The annual cost of your warranty could be comparable to just one of these fixes. For comprehensive home appliance coverage and excellent service, we recommend Choice Home Warranty as the top provider.

Get a refrigerator warranty in addition to coverage for your dishwasher , water heater , plumbing system, and more. You can cover your refrigerator through the Total Plan and Optional Coverage, which includes protection for a second refrigerator at an extra charge. Excluded —Lighting and handles, racks, shelving, ice makers, line restrictions, leaks, wine coolers, doors and hinges, and Internet connection components. It is also important to note that your refrigerator must be located in a kitchen.

For a more detailed view of coverage, you can read the sample user agreement. We choose Choice Home Warranty as our favorite provider for home appliance warranties because of the value that they bring to customers. The technicians were extremely professional, they were very friendly, and extremely technically competent. So glad I picked Choice Home Warranty. I called Choice and they sent a company to check it out.

The company has ordered the part and will repair it as soon as the part arrives. Very understanding and courteous associates who seem to be concerned about customer needs. Very grateful and impressed with results. Thank you. Whether you have one or two refrigerators in your home, a home warranty is the best way to protect yourself financially.

Receive a free quote for a home warranty today. Just call or go online to enter your details. Your home appliances must be well-maintained, therefore rust and other signs of neglect are also not covered. Read more: Compare providers for yourself with our guide to the best home warranties. You can submit a claim online. The company will then contact a local, licensed service professional and contact you to schedule an appointment.

Choice Home Warranty will pick up your claim in less than 48 hours or four days if it is a weekend or holiday. The time for repair depends on the local contractor and part availability at the time of the claim. However, many customers are satisfied with the quick process. If you sign up for coverage from Choice Home Warranty, your coverage will begin 30 days after your application is accepted and the contract fee is paid.

If the women don't find you handsome, they should at least find you handy. It's really a roll of the dice. There's no way to predict the future. Check the coverage in detail, and don't be afraid to negotiate. Also most credit cards will double the warranty up to 1yr. So you could turn it into a 2yr warranty for free. Fridge seems least likely to malftn. Hard work, inheritance, interest on interest accumulating, and stock and real estate speculation. It's all good.

If you bought a basic fridge no ice maker or water dispenser and it isn't from a disposable brand danby, haier, etc , then the extended warranty may not be worth it - those fridges tend to be fairly affordable, and the cost of the warranty may be in excess of the weighted-average costs of repair with some premium associated for your downside being worse large expense than your upside no repairs.

There is also the risk that your warranty will have clauses or execution that make it difficult to get the repairs done in a timely manner without some hassle or cost on your part.

In general though, all fridges are more prone to breaking than they were a couple of decades ago, due to a lack of competition, consumers not really valuing reliability enough, the drive to lower costs by reducing quality of construction, and having more components in the fridge that are prone to breaking. In general if you can do without a water dispenser or ice maker, do without them. They tend to break. I would cancel the order. LG doesn't sell parts to anyone in the after market so you are stuck using them to perform repairs.

If you do decide to keep it, then buying the extended warranty is the way to go, but you'll end up having to put up with their delay tactics or claim that the part needing replacement is not covered under warranty.

My repair man says to stick with a North America made product where you can get parts easily Amana, KitchenAid, Whirlpool all same manufacturer. I ended up getting a KitchenAid and paid for an extended warranty, but then learned that it came with a 5 year warranty on the major parts, including the electronics, so I cancelled the extended warranty before taking delivery.

I was like, eh, sure why not. I didn't do it for the DW since it would have been a significant percentage of the cost. What we do in life echoes in Eternity RFD discounts for Schluter products. The one I dealt with said it was nearly impossible to obtain parts for LG and Samsung and that North American brands have parts more readily available. Generally speaking these days if the warranty price is reasonable based on the price of the product I seriously consider purchasing it.

Some companies will negotiate it with you which also makes it appealing and as most have said So the 30 bucks a year for a peace of mind was somewhat simple of a choice, any issues I've actually profited on the food credit lol.

This probably won't help but Check to see whether you already have extended coverage through a credit card. If you bought the product using a credit card , check to see whether the card issuer extends the warranty. Many do for a period of one year or more. Or use an app like Sift , which will let you know before your make a purchase with a specific card how long the warranty will last. Read the fine print. Extended warranty coverage may not be as comprehensive as you think.

Extended warranties often include lots of exclusions that make the service less useful. The warranty may also require you to use a specific service provider or repair shop for service. About 1 in 5 consumers who use an extended warranty is dissatisfied with the repair, and service can take a long time or require multiple tries to get it fixed.

Consider how much repairs would cost. Repairs, however, aren't usually that expensive. Buy higher-quality products. You can learn more about a product's reliability by reviewing Consumer Report s' ratings and product reliability information online. Also consider where you plan to purchase the product. Look for a retailer that will take returns on defective items.