Quote:
Originally Posted by retiredguy123
I would just add that none of these surge protector warranties will cover anything that is already covered by your homeowner's insurance. So, the only thing they will ever possibly pay for is your insurance deductible.
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Correct. The insurance they provide is secondary to your homeowners insurance. But you don't buy surge protection to collect on the insurance. You purchase them to avoid having destroyed appliances, devices, TVs, computers, etc, so you don't need to make a claim with your insurance and go through the negotiating process and risk getting a rate increase.
Interesting, we investigated a case where the Villager's dishwasher was destroyed from the surge along with a lot of other stuff but the rest of the appliances were OK. They made the insurance claim only to fine out the refrigerator failed a month later but the insurance case was closed so they lost out. Was the refrigerator electronics effected by the surge or was it coinsidence? We will never know for sure.