Household Appliances Insurance - What is Domestic Appliance Insurance?

Electronic Household Appliances have become an integral part of our everyday lives. However, disruptions and damage are inevitable. But a defective household appliance not only causes a lot of frustration, it can also be quite expensive. Home appliances insurance can help here. This can help you reduce the cost of repairs or replacements, thereby avoiding financial stress. But what is Household Appliances Insurance all about? What damage is covered? You can find answers to all your questions in our guide.

Household Appliances Insurance offers these Advantages

Household Appliances Insurance is often referred to simply as appliance insurance and has numerous advantages. For example, you are also perfectly protected against wear and tear and operating errors. In summary, household appliance insurance offers the following:

• Extension of the permanent guarantee and coverage of uninsured damage caused by wear and tear or operating errors
• Partial payment when buying a new device
• It is also possible to protect old devices
• Assumption of repair costs including shipping or transport costs

With Household Appliances Insurance, you save a lot of nerves and money in the event of a claim. Because new devices can quickly become really expensive. And finally, this policy relieves the budget immensely in the event of repairs or a new purchase.

When does Household Contents Insurance Pay?

Most people have household contents and liability insurance. However, very few people know that household contents only accept liability for electronic devices in certain special cases. In principle, the entire household contents are insured.

This ranges from furniture to clothing to electrical appliances. It is important to know that the household contents only pays for damage caused by the following scenarios: fire, lightning, explosion and implosion, burglary, storms from wind force 8, hail, over voltage and tap water. To put it simply: Everything you can take with you when you move can also be insured with household contents insurance.

Household Contents Insurance, for example, only protects electronic devices in the event of burglary, surge damage, or damage from fire and water. If you decide to take out additional electronics insurance, damage caused by clumsiness and operating errors are also included in the insurance cover.

Example: House burned down, what does the insurance pay?

Suppose there is a house fire. In this case, household contents insurance will reimburse all movable property owners.

Worth knowing - when liability does not pay: There are quite a few differences between household contents and liability in terms of liability for Damage to Household Appliances. Private liability does not pay if the injured party lives in the household of the polluter or is insured with them.

Electrical Equipment Insurance in the Household

Since household contents insurance only protects electronic devices in certain special situations, it is advisable to take out separate electronics insurance. Because with a special Household Appliances Insurance, you can insure almost all electrical appliances in your household. It doesn’t matter whether it’s a washing machine, dryer, dishwasher, electric stove, game console, television, etc.

You can also protect electrical machines and systems in the commercial sector. You can even insure consequential damage, such as loss of production and profits. It is important to know that the individual items are often divided into different tariffs be classified. Therefore, for example, television insurance or camera insurance is often mentioned. Due to this extreme flexibility and the far-reaching insurance cover, this Household Appliances Insurance is one of the most sought-after home insurance policies.

Household Appliance Insurance: What damage is covered?

Household Appliances Insurance benefits vary from provider to provider. So there can be significant differences here. In general, however, most home appliance insurance policies will cover repair costs and a lifetime warranty. The latter usually amounts to the length of the insurance contract or up to the agreed maximum age of the device. The following damage is often covered by the so-called long-term guarantee of Household Appliances Insurance:

• Operator error
• Manufacturing defect
• Water damage
• Glassblower
• Wear and tear
• Aging
• Theft
• Fire, explosion and over voltage

How much does Household Appliance Insurance Cost?

The cost or premium for this type of policy will vary depending on certain factors. The following points determine the contribution amount:

• Insurer pricing
• Amount of coverage
• Device age
• Contract term
• Possible discounts

It is clear that the contributions vary from provider to provider, so it is important to compare them before signing a contract. But the amount of coverage also plays a relevant role. It is based on the value of the insured electrical equipment. If you want to insure an expensive device, the monthly contribution will of course be higher than for a cheaper device.

The contract term and age are also included in the premium calculation. The latter is well justified, because there is a higher risk of damage with older electronic devices. In addition, the manufacturer's warranty has most likely already expired. And even a repair is hardly worthwhile. Precisely for this reason, old devices entail a significantly higher risk and that is exactly what affects the amount of the contribution. In the meantime, there are also numerous insurers who no longer allow insurance to be taken out after a certain device age.

Despite these numerous decisive factors, it is still possible to actively influence the amount of the contribution. For example, your desired payment method (monthly, quarterly or even annually) affects the calculation of the premium. The basic contribution usually increases with a monthly payment in several small contribution installments. Conversely, the base amount decreases if you opt for a long payment interval. There are also discounts, which are often also granted and significantly reduce the premium for your Household Appliances Insurance. A possible reason for this could be, for example, that you are insuring several electronic devices with the same insurer.

You can find other interesting articles on the subject of “Insurance” here:

• Experts
• Repair cost insurance
• Difference between household contents and property insurance
• Compulsory insurance
• Lost or stolen phone