Refrigerator Insurance Coverage for Your Home

It is impossible to imagine modern households without refrigerators. Thanks to advancements in technology, most refrigerators today are equipped with advanced features that enhance their base functionality to add to the user’s convenience. Needless to say, these are expensive and require a hefty investment. This is the reason why, while taking a home insurance, it is important to cover appliances like refrigerators under your policy.

Also, since you put so much thought into buying this appliance, you would obviously want to protect it and use it with extra care, so as to prevent any damage or breakdown. After all, even the slightest problem can be a huge blow to your finances. But, no matter how careful you are, you can’t control every little scenario, and damages can happen due to fire, lightning, cyclone, earthquake, flood etc. not to mention theft or burglary. Therefore, it is essential to buy an insurance that covers a wide range of perils covering losses to the refrigerator. Although many home insurance policies offer add-on cover for electronic appliances, make sure you include refrigerator coverage to make it more comprehensive.

Factors affecting Premium

The amount depends upon a lot of factors that influence the premium cost as well as the coverage that comes with it. Here is a look at the same:

• Sum Insured of the Refrigerator: Different premium are charged for different models of Refrigerator, basis the Sum insured opted for it.


• Duration: The premium amount will change as per the plan duration and coverage.