Lowe’s Extended Warranty and Protection Plans
- Refrigerators
- Dryers
- Freezers
- Dishwashers
- Washing machines
- Trash compactors
Full Answer
What does Lowe's extended warranty cover?
warranty. Our Extended Protection Plan provides you with: • Fast, reliable repairs provided by authorized technicians • Coverage for mechanical and electrical failures, including failures due to normal wear and tear • Power surge protection from date of …
What is a Lowes protection plan?
The Extended Protection Plan protects your purchase from mechanical and electrical failure and gives you hassle- free service with NO deductible. If your covered product needs service, simply call 1-888-77LOWES and we'll have your product running in no …
How long do Lowes protection plans last?
A Lowe's Protection Plan covers mechanical or electrical failure, normal wear and tear, or damage from dust, heat or humidity. How does the Payback Reward work? 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.
What is the Lowe’s extended warranty class action lawsuit?
Power Tool Extended Protection Plan: Two (2) or four (4) year coverage commences after the expiration of manufacturer’s parts and labor warranty: Coverage includes: • If on-site service is provided for the full term of Your manufacturer’s warranty, then it will be provided under this Plan. • Fix It Fast Guarantee.
How does Lowe's extended warranty work?
The Lowe's Protection Plus post-warranty plan covers 100% of functional parts and labor costs to get your appliances back up and running. We'll fix it or we'll replace it. It also includes other great perks like Performance and Care Item Reimbursement, Food Spoilage Reimbursement, and Cosmetic Parts Reimbursement.
Is extend protection plan worth it?
For the vast majority of people, the answer is a big fat no. Even Consumer Reports says it's "money down the drain." Here's the big secret: it typically doesn't cost that much to repair most items. The cost of a single repair is usually less than the cost of an extended warranty.
How long does Lowes extended protection plan last?
five yearsProtection Plan Coverage Period Your Lowe's Protection Plan coverage starts the day you receive your product and lasts up to five years.
What is extended warranty protection?
An extended warranty — also known as a vehicle service contract — is an optional plan you can buy to help you pay for the cost of certain repairs your vehicle may need while you own it. It usually begins when the manufacturer's warranty expires, but sometimes the two overlap.Oct 7, 2021
Why are extended warranties bad?
When it comes to the long-term cost of your car, extended warranties are generally “a bad deal,” says Gillis. In a Consumer Reports survey, 55% of people who purchased an extended warranty never touched it. Among those who did use the warranty, most saved less on repairs than they paid for the contract.Jun 29, 2021
Why extended warranties are a waste of money?
Extended warranties are rarely worth your money. Products don't break on their own, and when they do, the price of repairs is usually lower than what you'd spend on an extended warranty. Sure, some people have saved a lot of money with extended warranties.Jul 16, 2019
Is Lowes extended warranty refundable?
You may cancel Your Plan after 30 days after receipt of Your Plan by contacting the Plan Administrator. You will receive a pro rata refund of the Price less the actual cost of any service, labor, Payments, reimbursements, rewards, replacements, parts, coverages and/or benefits received.
What items should you buy extended warranties on?
10 Purchases You Should Always Get an Extended Warranty OnTo Buy or Not to Buy. 1/11. ... Cars and Trucks. 2/11. ... RVs and Boats. 3/11. ... Cell Phones. 4/11. ... Refrigerators. 5/11. ... HVAC Systems. 6/11. ... Washers & Dryers. 7/11. ... Television Sets. 8/11.More items...
What voids an appliance warranty?
The warranty period has expired. The defect or part is not covered. The product failure is due to misuse or lack of proper maintenance. You have made significant alterations to the product, affecting its performance.
What are the advantages and disadvantages of an extended warranty?
Extended Car Warranty OverviewExtended Car Warranty ProsExtended Car Warranty ConsThey can increase your vehicle's longevity.There's a chance you won't need the coverage.You can save on costly repairs.Every contract has its exclusions and limitations.1 more row•Apr 5, 2022
What is the use of extended warranty?
Extended warranties cover the cost of replacement or repair of consumer durable goods, if it is caused due to a manufacturing defect or poor workmanship. Extended warranties are policies that extend the warranty period of consumer durable goods beyond what is offered by the manufacturer.Sep 18, 2018
Does extended warranty cover transmission?
Exactly what an extended warranty covers depends on the type of warranty that you choose. But in general, extended warranties cover the critical mechanical parts of your vehicle, including the engine, transmission, axles, and gaskets.
See the Benefits. Get the Rewards
It’s not just a protection plan. It’s total peace of mind. When purchasing new products, you want to know they’re going to last well beyond the limited manufacturer’s warranty. Our plans are simple and comprehensive.
What You'll Need
Before you call, please have the following required information available.
Payback Reward
If you don’t use the plan for a service call before expiration, we’ll give you 30% of the plan price back. You have 60 days after your plan expires to request this benefit.
Keep It Running Reward
Get 50% back on the items that keep your product running, like water filters, lines and hoses, rinse aids, cooktop cleaners and more ($100 maximum per 12 months).
Restock Your Food Reward
Get up to $300 per incident of food loss due to a faulty refrigerator or freezer.
Reinstallation Labor
We’ll help pay to get your appliance hooked back up. This benefit starts after the limited manufacturer’s warranty ends.
Protection Plan Coverage Period
A product is typically covered by the manufacturer’s warranty for one year. Your Lowe’s Protection Plan coverage starts the day you receive your product and lasts up to five years.
Terms and Conditions
Replacement may be a new, rebuilt or refurbished product of equal or similar features and functionality or by payment (including merchandise credit) up to the purchase price plus tax. Plan ends upon replacement or payment. Lowe’s isn’t the obligor of these plans. For obligor and administrator details, refer to Terms and Conditions.
No Third Parties, No Deductibles
Buying a product from Lowe’s ensures that whenever you have an issue with your product, you won’t have to go through the hassle of dealing with a third party contractor or representative in order for you to avail the services/repair/replacement that you rightly deserve.
A Plan for Every Appliance
So, is lowes appliance extended warranty worth it? Well you can count on lowes appliance warranty. It would seem unreasonable to set one price for all when it comes to protection plans for the various appliances. Imagine paying expensive amounts for protection of a small and easily replaceable appliance.
Protection from Normal Wear and Tear
Another reason as to why Lowe’s protection plans are special is because while a normal manufacturers warranty does not cover damage of appliances due to normal wear and tear, Lowe’s does! Also, you may come across a situation, where an essential home appliance like your refrigerator breaks down.
Replacement Plans
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. 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.
Before You Buy
Lowe’s does not give out extended warranty and protection plans for commercial products. However, if the product is commercial grade but is only being used in a single-family dwelling, then yes, you can cover it with a Lowe’s protection plan.
