Buying a new appliance or electronic from Home Depot can feel great, especially if the purchase was planned and money was saved to make it happen. However, when you get to the checkout, Home Depot asks its customers to purchase a protection plan that will ensure coverage of their purchase in case of breakdown or defectiveness. So, does it make sense to spend the additional money to pay for a protection plan?

Generally, protection plans give a great sense of security when making an expensive purchase. But, they are usually not worth buying because they do not cover accidental damage.

Accidental damage is one of the more common issues with appliances. But unfortunately, the protection plans offer coverage for essentially anything else but accidental damage.

The Home Depot Protection Plan by Allstate

The Home Depot partnered with the Allstate insurance company to create protection plans for customers to buy in addition to their purchases of varying products. This plan fully covers parts and labor when there are product breakdowns and defects, with a guaranteed two to three-day service window and 24/7 customer support. However, while this plan covers breakdowns and defects, it does not cover accidental damage.

Home Depot encourages customers to look over their appliances before the delivery is complete to inspect the product for any dents or damages resulting from transport or storage. However, things happen, so Home Depot wants to make things right in the event of delivering damaged products.

Different Types of Plans

Fortunately, Home Depot has different sections that cover different products. They offer protection plans for all major purchases, from appliances, to lawn care equipment, to lighting and power tools. However, these protection plans can vary in what they cover and price depending on the cost of the product purchased.

All plans are coverage provided through Allstate and include the following as a standard:

• 2 and 3-year plans are available, depending on the product
• No deductibles or hidden fees
• Premium tech support for Wi-Fi-enabled items
• Easy online claims available 24/7
• Fast repairs or replacements
• Abiding by their Return Policy

The Home Depot recommends that all customers review the return policy before making a large purchase to prevent confusion.

Here is the breakdown of the type of protection plans that are available as an add-on purchase:

Type of Plan	Plan Price Range	Type of Plan
Indoor Lawn and Garden   Outdoor Lawn and Garden   Small Appliances    Power Tools  Hardware Tools   Plumbing    Electrical   Bath   Painting Tools   Exercise Equipment   Décor    Playsets	$3 through $449, depending on the value of the purchased item.	Covers purchases up to $9,999. No deductible. Coverage starts after the manufacturer’s warranty expires. Power Surge coverageIf the product cannot be repaired, it will be replaced or reimbursed if the item is no longer sold. 90-day return windowSubject to additional terms and conditions.
Water Heater and Water Softener	$69 – Flat rate	Covers purchases up to $19,999. No deductible. Coverage starts after the manufacturer’s warranty expires. Power Surge coverage. If the product cannot be repaired, it will be replaced or reimbursed if the item is no longer sold90-day return window. Subject to additional terms and conditions.
5-Year Major Appliance	$75 through $595, depending on the value of the purchased item.	Covers purchases up to $19,999. No deductible. Coverage starts after the manufacturer’s warranty expires. Power Surge coverage. If the product cannot be repaired, it will be replaced or reimbursed if the item is no longer sold90-day return window. Subject to additional terms and conditions.
3-Year Major Appliance	$50 through $325, depending on the value of the purchased item.	Covers purchases up to $19,999. No deductible. Coverage starts after the manufacturer’s warranty expires. Power Surge coverage. If the product cannot be repaired, it will be replaced or reimbursed if the item is no longer sold90-day return window. Subject to additional terms and conditions.
2-Year Flooring Tools	$2.43 through $217.13, depending on the value of the purchased item.	Covers purchases up to $19,999. No deductible. Coverage starts after the manufacturer’s warranty expires. Power Surge coverage. If the product cannot be repaired, it will be replaced or reimbursed if the item is no longer sold90-day return window. Subject to additional terms and conditions.
Building Materials s	$3.60 through $538.80, depending on the value of the purchased item.	Covers purchases up to $19,999. No deductible. Coverage starts after the manufacturer’s warranty expires. Power Surge coverage. If the product cannot be repaired, it will be replaced or reimbursed if the item is no longer sold90-day return window. Subject to additional terms and conditions.
Garage Door and Miscellaneous Door and Openers	$3.30 through $359.20, depending on the value of the purchased item.	Covers purchases up to $9,999. No deductible. Coverage starts after the manufacturer’s warranty expires. Power Surge coverageIf the product cannot be repaired, it will be replaced or reimbursed if the item is no longer sold. 90-day return windowSubject to additional terms and conditions.
Furniture   Area Rug	$4 through $900, depending on the value of the purchased item.	Covers purchases up to $9,999. No deductible. Coverage starts at the date of purchase. Power Surge coverage. If the product cannot be repaired, it will be replaced or reimbursed if the item is no longer sold90-day return window. Subject to additional terms and conditions.
Lighting	$11.58 through $449, depending on the value of the purchased item.	Covers purchases up to $19,999. No deductible. Coverage starts after the manufacturer’s warranty expires. Power Surge coverage. If the product cannot be repaired, it will be replaced or reimbursed if the item is no longer sold90-day return window. Subject to additional terms and conditions.

The Takeaway

The Home Depot sells fantastic products that help with anything related to home improvement projects. They also offer protection plans that customers can pay for in addition to their purchased items. Still, these add-ons might only be for some.

Do you think that protection plans are worth it? And, will you spend extra for peace of mind for the next couple of years? Of course, this can vary person by person, as some know people who are good and charge reasonably at repairing appliances. But, it might make sense to purchase the added coverage for those who do not know someone who specializes in those repairs.