Our homes are full of appliances that we use to make our lives easier. Some are large such as washing machines and dishwashers, others either sit on the counter such as kettles and toasters or live in a cupboard and are reached out when needed such as mixers and electric knives. When we buy these appliances nine times out of ten we will be offered the opportunity to take out insurance in case the appliance breaks down but is it worth taking out this insurance or do we just end up paying more for your goods?

All new appliances have a twelve month guarantee from new which covers breakdowns so as long as you have been careful to only use your appliance as instructed you will be able to get a new one or a repair free of charge should anything go wrong. Some larger appliances have a two year manufacturer’s warranty or even five years and all it takes is for the owner to register the warranty with the manufacturer. This will usually cover major breakdowns and so the appliances are covered.

It is a good idea before you take out appliance insurance to check whether your appliances are covered under your normal house insurance especially for accidental damage as you may be paying twice for the same cover. If you have a local appliance repair company that offers repairs at a reasonable price it may be that the money you pay out in insurance could be saved until you need a repair doing. So, it is wise to think carefully about appliance insurance as although it feels like giving you peace of mind you may be paying over the odds for the privilege.