Over the course of the last several cycles of annual holiday sales and special blowout clearances, it’s clear that more and more people are purchasing smart appliances for their homes. A recent survey found that 8 in 10 (80%) Americans already own at least one smart appliance, and demand for these products is only growing as technological advancements continue to bring innovation. The same survey showed that 3 in 4 Americans (75%) plan to purchase a smart appliance in the next two years.
Among the most popular smart appliances already in homes are televisions (46%), thermostats (29%), doorbells (28%), lighting systems (23%), speakers or “Alexa” systems (22%), home security systems (21%), air conditioners (17%), and washers and dryers (16%). These appliances are certainly advanced – but they’re not without risk. For all their sophistication, accidents and other malfunctions are common among household smart appliances. In fact, 2 in 3 Americans (66%) say they experience a malfunctioning or broken appliance in their household at least once a year, and 15% say an appliance breaks what feels like monthly or more.
Smart appliances typically cost more than their “old-fashioned” counterparts, so it’s essential to feel that your investment is protected should it endure accidental damage or malfunction. Americans overwhelmingly recognize that smart appliances are more costly to repair than traditional appliances – only 10% believe smart appliances cost less to repair, far less than the 76% who understand that fancy electronics typically require fancy repairs. That’s why it is crucial to prepare for these instances by protecting your new appliance with a service contract.
Service contracts for home appliances can protect you from significant expenses by offering discounts on product repairs or replacements, pre-qualified technicians, routine maintenance, free shipping, and more. Among those who have ever had a service contract on a home appliance, more than two-thirds (68%) have had to file a claim for some type of service or repair. Additionally, among those who have ever filed a claim on a service contract, nearly 9 in 10 (88%) say the experience was satisfactory.
So as you unbox your new smart appliances and enjoy the various benefits they bring, be sure you rest easy by purchasing a service contract. When technology fails, service contracts will have your back.
To learn more about auto service contracts, visit https://go-scic.com/service-contracts/auto/ .
*Actual coverage may vary. SCIC is not a service contract provider and cannot warrant or otherwise guarantee coverage. Be sure to reference your service contract for the terms and conditions of coverage.