House hold items, mostly electronics are expensive but essential elements for your home. They determine the functionality of your home as well as its aesthetic look. Damage or loss of these items can significantly affect your activities within the house. That is why you need to have home appliance insurance apart from typical home insurance. Some people ask why I need to insure appliances separately. Or what does strata insurance cover? In case of an incident that damages your home, strata insurance only covers your home but not its content. You need to insure all contents that are temporarily attached to your home through content insurance to save you the high costs of repairing or replacing them in case of loss or damage. This post explains why you need home appliance insurance.
Fill the Gap between Strata Insurance and Warranty
Strata insurance only covers the house. This means if your other items inside the house are damaged, you will have to pay or replace them out of your pocket if you have not inured them separately. It does not cater for home furniture, electronics and other temporary items. In most cases a warranty only covers appliances when they are damaged within the warranty period but many items start breaking after warranty period meaning you will be responsible for replacing or repairing them which might be very costly. Appliance insurance fills this gap by covering mechanical and electrical breakdowns and accidental damages to your appliances outside the warranty period.
Reduce Downtime
Most home appliances are expensive, and replacing or repairing them after damage or loss is costly. Accidents do not give you time to prepare; they happen when least expected, and it can take you much time before gathering finances to repair or replace an item. With appliance insurance, your items can be repaired or replaced fast, reducing the time you have to wait to save enough money. An experienced engineer will be sent at your convenience to repair the damaged appliance, and if it cannot be fixed, replacement will be done immediately.
Prevent Unexpected Costs
Having appliance insurance helps you avoid the unexpected cost of replacing or repairing appliances in case of damage. You pay a small amount of money monthly to cover your items and save you from finding a large sum of money if they are damaged. Your appliances may stop working when you are not expecting them or when you are financially down. Appliance insurance ensures your home activities do not stop by offering help immediately.
Safeguard Your Valuables
While your house or the building is important to you, the contents inside hold immense sentimental and monetary value. Losing them can significantly affect how you feel when at home. Home appliance policies like content insurance keep your household items, including electronics, jewelry, furniture, and other possessions protected. Replacing these appliances after an event, whether it’s fire or flood, can be financially draining, but you can be safe with the right appliance insurance.
The bottom line of insuring your home appliances is to protect them from uncertain events and save yourself financial and emotional stresses. Strata insurance covers the building and attached units but not the temporary contents inside it. To protect your valuable possessions in the house, you need appliance insurance. It helps reduce waiting time, safeguard your appliances, and avoid unexpected costs from loss or damage.
