Under these types of plans, the customer pays the company a yearly fee and the company agrees to repair any appliances covered under the plan. In the event of a covered repair, customers are not charged for parts, labor, or a service trip. However, as with any maintenance or service plan, you should read the fine print carefully to make sure you understand the costs, terms, and limitations of these plans. Companies offer a variety of service plans.
Costs vary, depending on the type of coverage each plan offers.
Always ask for a complete list of covered services and parts, and what is not covered. Some services and parts you might expect to be covered may not be covered. For example, a furnace tune-up and safety check is not covered under most standard furnace service plans. Ask the company if its contractors are licensed, bonded, and carry appropriate insurance. Request a list of the company's approved contractors.