Lowes Appliance Protection Plan Worth It

Extended warranties cost an average of 126 for large appliances and 21 for small appliances.

Lowes appliance protection plan worth it. Plan ends upon replacement or payment. Here s a look at extended protection plans from three nationwide stores that sell appliances and what they have to offer. Lowe s isn t the obligor of these plans. When your contract expires you can request 30 of the protection plan cost back if you never made a service claim requiring a repair on your major appliance.

Any help would be greatly appreciated thanks. That is some protection. It costs just 26 more to repair the items without a service plan see consumer reports extended. The plan obligors are federal warranty services corporation in all states except.

A lowe s protection plan covers mechanical or electrical failure normal wear and tear or damage from dust heat or humidity. However they offer technician certified installations for their appliances and their protection plan offers various premium benefits such as a 30 payback reward benefit in case you end up not using your plan for repair issues and a 50 reimbursement on preventative. Lowe s does not offer home improvement or home maintenance features unless covered by their appliance protection plan. Lowe s extended protection plans the plan covers all significant appliances regardless of their prices and products with a retail cost less or up to 300.

The plan covers all parts and labor costs involved in fixing device issues that arise due to functional part failures. As for how appliances are made to day quality controls are much tighter parts are made with robotics with high tolerances better testing data gathering analysis and trouble shooting. Most appliances come with warranties of up to a year. Lowe s clearly states that appliances have a 30 day return replace policy after that you are under the manufacturer warranty and or the extended protection plan from lowe s depending on if the protection plan started from date of purchase or picked up when the manufacturer warranty ended.

A replacement plan as the name suggests ensures that if any of the appliances utilities bought by lowe s is not functional or breaks down you can avail a replacement for it. For obligor and administrator details refer to terms and conditions. Since some stores base the cost of an extended protection plan on the price of the appliance i used the same refrigerator for all three examples best buy geek squad protection plan. Florida united service protection inc and oklahoma assurant service protection inc.

If the appliance is going to break it is going to do so in that period. If you aren t satisfied with just a protection plan or the extended warranty at lowe s you can even opt for a replacement plan. I bought a fridge a few months ago and got the 5 year major appliance extended protection plan.