Washing machines are precious commodities in any home. Such equipment is a luxury and bears a suitable price tag as well. Any damage befalling the machine can lead to expensive repairs. With the help of a washing machine insurance policy, you can limit such an unforeseen expense.
What coverage can you expect from washing machine insurance?
An insurance policy such as this offers coverage against the following scenarios.
- Accidental damage protection: Availing this policy helps cover the cost of washing machine repair in the case of accidental damage to it. Nevertheless, policyholders must know that this clause is not applicable if the damage occurs due to mechanical and electrical breakdown or wear and tear.
- Theft and burglary protection: In case of any burglary or theft of the appliance, this policy will assist consumers financially to find a replacement model.
- Protection against fire: In case of fire due to reasons like a short circuit, gas leakage etc. such an insurance policy limits your financial liability, by offering a fixed sum to replace the said appliance.
Why should you opt for such an insurance plan?
An individual can have several reasons to avail such an insurance policy. Still, the benefits include the following -
- Sum assured: Such a policy provides substantial sum insured.
- Low premium: Consumers have to pay a minimal premium for extensive coverage.
- Multiple payment options: Consumers interested in availing this policy can pay their premiums easily through different online payment methods like cards, net banking, mobile wallet, UPI etc.
Availing a washing machine insurance policy is a feasible option as it provides a high sum-assured against a low policy premium. So, it is important for buyers to avail of this policy as soon as they purchase a washing machine to safeguard their electronic appliance against any future incident and gain the best benefits of this policy.
