Importance of Coverage of Washing Machine

Home insurance plans are becoming increasingly popular as owners are realising the importance of such a hefty investment and wish to protect their houses from damages and thefts. Getting a comprehensive financial coverage for your home is essential not only for protecting the physical structure, but also expensive appliances like washing machines, so that you can be completely stress-free.

These days, every household is well-equipped with modern appliances that make chores easier. And washing machines are a must-mention in this regard. With rapid developments in technology, these washing machines have also evolved to become smarter, and are packed with high-end features. Consequently, the price is higher and so is the need to protect them against any financial losses arising due to fire or other perils, theft or any other damages. So, get coverage for your washing machine under home insurance so that you can safeguard your machine against a number of risks

Benefits

A comprehensive insurance policy that covers a washing machine too has the following benefits:

  • Insurance against damage: Any financial loss due to the accidental damage of the machine, which may arise from a fire or other perils.

  • Insurance against theft: Coverage for losses in case of burglary or theft.

  • Easy payment options: Coverage for losses in case of burglary or theft.

  • Affordable premium: Multiple payment options, including net banking, mobile wallet, cards, etc., are available to make the experience trouble-free and easy for the customers.


Factors that decide the premium of the insurance

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

  • Price range of the Washing Machine: Different premium are charged for different models of washing machine, based on their price.

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

  • Extended warranty features: The insured is given various options to use the extended warranty features and benefits that come along with them. With higher warranty, the life of the washing machine can increase, and with coverage of breakdowns and damages, the financial losses from the same can also decrease


What’s Included?

Fire
Fire

Damages caused by unforeseen or sudden situations like fire, lightening, bursting or overflowing of water tanks, natural calamities, etc.

Burglary & Theft
Burglary & Theft

Financial loss due to theft, burglary, robbery, house-breaking, anti-social activities like riots and strikes, etc. .

Accidental damage
Accidental damage

Damages caused due to any external accident or during the transit of the washing machine are covered by the washing machine insurance.

What’s Not Included?

Wear&Tear
Wear&Tear

Damage due to normal wear and tear,reckless conduct while driving or damages sustained while cleaning,servicing or repairing

Wilful negligence
Wilful negligence

Damages caused due to wilful negligence of the owners since the item is insured.

Wilful destruction
Wilful destruction

Damages caused wilfully by the owners are not covered under the policy. Breaking or damaging the parts accidently, like dropping them on the floor, is not covered

Non-disclosure

At the time of taking the policy, it is necessary for the insured to provide correct information about the product in a transparent manner. In case any important information is not provided or wilfully hidden.

Manufacturing defects
Manufacturing defects

Manufacturing defects or defects due to the fault of the manufacturer will not be covered. The insured, in this case, will have to file a claim against the manufacturer

Items more than 1 year old
Items more than 1 year old

For washing machines that are more than 365 days old from the date of purchase, the insurance is not valid, as the policy needs to be taken within the first year of purchase

Why HDFC ERGO?

Secured 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements seamlessly, by providing wide range of plans and add on covers for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the Best Customer Experience Award of the Year and excellence in financial reporting for the year 2016.
Why HDFC ERGO?

Secured 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements seamlessly, by providing wide range of plans and add on covers for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the Best Customer Experience Award of the Year and excellence in financial reporting for the year 2016.

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Frequently asked questions

Applying for insurance is easy. Just fill up a simple application form on the website and get the policy document via email and regular mail to your address, after the premium payment
Paying the premium is very easy. You can pay it online through net banking, credit and debit cards, or wallets like Paytm, PhonePe, etc. You can also visit the branches for the same.
Filing claims and getting the insurance is an easy task. Just contact us within 24 hours of the unforeseen event to apply for the claim, and keep the policy number ready: o You can call us on 022-62346234 You will be informed about the status of your claim through SMS and emails at every stage of the claim .
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