One of Oklahoma's Top Insurance Brokers

Facebook Twitter LinkedIn Google YouTube

KitchenYou bought that new refrigerator with the smart controls. Your new washing machine has green technology that will help save water.

These appliances likely cost you a pretty penny. You want them to last and to continue to work. But, you never know when you might face a loss in your home. The loss could damage your property or cause your appliances to stop working.

Losing an appliance is a loss of money. You will likely wonder if your homeowners insurance will help you cover some of those losses. Keep these insurance tips in mind when dealing with a damaged appliance.

  • Normal wear and tear usually is not covered by homeowners insurance. Homeowners insurance generally only covers losses associated with perils or unforeseen damages. If your refrigerator dies because it is old, you will likely have to replace it out-of-pocket.
  • Most homeowners insurance policies will cover perils that affect your homes. If a severe storm damages an appliance, you can likely get coverage. If lightning strikes your home, it could cause a surge that shorts your appliances. You could probably get some compensation from your homeowners insurance.
  • Remember, some policies may only cover certain perils that damage your home. Storm damage might have coverage. However, damages from floods may not. You may have to have a special flood insurance rider or policy to cover these damages.
  • Also, homeowners insurance often reimburses clients based on an appliance’s actual cash value. A thousand-dollar washing machine will depreciate in value over time. You will likely only get compensation for the approximate value of that item at the time of the damage. You should check with your insurance company to see how they determine value.
  • Certain appliance insurance policies do exist. These can offer more coverage to afford replacements on lost appliances. They may also replace items when they break down due to normal wear and tear.

Replacing appliances following a loss can be expensive. You should always know how your homeowners insurance policy covers appliances.

Do you have questions about your Oklahoma City homeowners insurance policy? Call us today at (405) 373-2977.
Share |

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

View Mobile Version
Featured Carriers
Please note that we cannot bind insurance via email, fax, or phone. Any quotes given are subject to underwriting guidelines by the respective insurance carriers. Any reference of coverage used are not intended to express legal opinion as to the nature of coverage, but rather just a brief generalization of coverages. Please read your policy for specific details of coverages.

Stay Connected  Like Us on Facebook Follow Us on Twitter Connect on LinkedIn Google maps YouTube


ECI Agency, Inc. | 325 Piedmont Rd N | P.O. BOX 600 | Piedmont, OK 73078 | Phone: (405) 373-2977 M-F 8am-5pm