Lowe’s Protection Plans Reviews 2023

Lowes Protection Plans

You can buy Lowe’s protection plans with the items purchased from Lowe’s. Also, in the case of appliances, you can have a joint protection plan for two to three appliances. Over 55 items are eligible for Lowe’s protection plans, categorized under eight groups. 

• Major Appliances
• Grills & Smokers
• Power Tools
• Small Appliances
• Outdoor Power Equipment
• Heating & Cooling
• Plumbing
• Water Heaters

Lowe’s plans cover outdoor equipment, grills, power tools, and other items in addition to major home furnishings; due to which its offers can be considered extensive compared to other home warranty plans on the market. 

Along with the plans, customers can also avail of benefits and rewards programs offered by Lowe’s, which can be regarded as another plus of the company. First, let’s take a look at the coverage in detail:

Note: Lowe’s does not provide coverage for optional items.

Lowe’s Protection Plan Exclusions

Lowe’s protection plans have a set of limits and exclusions. They do not cover repairs or replacements caused by intentional or accidental damage, rust, liquid spills, acts of God, environmental factors, etc.

Failures or breakdowns caused by manufacturer defects, improper or lack of preventive maintenance, and pre-existing conditions are grounds for Lowe’s warranty claim denial. Consumable parts failure, unauthorized repairs, and wilful abuse or neglect may also lead to the claim denial.

Apart from exclusions, the limit of liability under protection plans for any single claim does not exceed the retail cost of your item.

Lowes Protection Plan Cost

The prices of Lowe’s protection plans are distinct for each product according to its original value. A one-time fee ranges from $4-$400 depending on the item’s price and the plan’s duration. 

For reference, take a look at the below-mentioned prices for major appliances. 

*ea. – pricing for each appliance.

Also, where other companies charge $75 to $100 as service call fees, Lowe’s does not levy any amount of deductible on repair or replacement services, which is an advantage for the customers. 

Note: The prices mentioned above are for major appliances. We recommend you take a free quote from the company to know the exact pricing for the items you require coverage.

Lowe’s Protection Plan Discounts

Lowes offers the following benefits 

• Payback Reward- 30% cashback on the plan if no service call is placed before plan expiration. 
• Keep It Running Reward- 50% on water filters, lines, rinse aids, cooktop cleaners, and more.
• Restock Your Food Rewards- Lowe’s will provide up to $300 per food loss incident if it is caused due to a faulty freezer or refrigerator.  
• Repair Quick-  Lowe’s will provide repair within seven days or offer you a one-time payment of $50.

Some other value-added services include Reinstallation Labor and Lowe’s TechConnect. You can find more details on these rewards in your service agreement, so read it carefully.

Trustworthiness & Customer Service Of Lowe’s Protection Plans

Lowe’s is the second largest home improvement retailers in the United States, operating since 1921. With over 100 years of experience, the company has created a significant brand presence across the country.

Lowe’s offers a set of home protection plans with customer benefits. According to customer ratings on our website, Lowe’s holds an average rating of 2.5/5; showing areas for improvement. 

There have been some discrepancies regarding customer service representatives and technicians that could be improved. But, several customers have also mentioned satisfaction with the services and value for money.

On the whole, Lowe’s home protection plan offerings, certain rewards, and benefits make it an attractive choice for anyone looking to secure their Lowe’s purchases. Also, the company should look into the complaints and work on them to enhance customer engagement. 

How To Buy A Home Warranty From Lowes Protection Plan?

You can purchase a Lowe’s Protection Plan when buying a product eligible for warranty coverage. You can purchase plans on its website. You can also get a free quote from HomeWarrantyReviews and decide on your purchase by reading Lowe’s fine print and ensuring you understand its offerings.

Although, you must be aware of some factors influencing your home warranty purchase choice. Check those out in our detailed post on how to buy a home warranty.

Lowes Protection Plan Claim Filing Procedure

Follow the listed steps to place a service request at Lowe’s –

• Call Lowe’s Protection Plan phone number – 1-888-77LOWES (56937) to reach the Plan Administrator, text 1-888-7784109, or place an online request at Lowes/help/protection plans.
• The request will be verified and approved if the item’s covered. Note that Lowe’s will provide services only if the request is supported by the Plan Administrator, who is available 24/7.
• Lowe’s will send a technician to your house to fix the issues. 
• If the item’s not deemed repairable, a replacement or cash instead of replacement will be offered.
• You can also place an emergency service request with Lowe’s at no extra charge.

Methodology

At HomeWarrantyReviews.com, we are dedicated to providing in-depth home warranty reviews so you can choose the best home warranty company & make the most out of it. We examine, compare, and analyze the companies on the following factors:

• Cost-effective: We compare the costs of home warranty plans and determine if those are cost-effective. The pricing includes monthly/annual premiums, deductibles, and customer discounts. 
• Coverage: We compare the plans offered by different home warranty companies. The coverage includes systems, appliances, and additional offerings.
• Claims: We look at customer reviews and determine how satisfied they were with the claims filing procedure, settlement, and response times.
• Transparency: We verify if the home warranty company is licensed within the appropriate industry and offer details on the CEOs, contractors, and several settled claims.
• Uniqueness: We examine whether the company offers additional services, advantages, or coverage alternatives that set them apart.
• Customer Engagement: We assess home warranty companies’ determination to respond to consumer problems in our Complaint Resolution Program.

Editorial Note On Lowe’s Protection Plan

Our editorial analysis suggests that Lowe’s protection plans can be a good option if you have purchased appliances from their store and are looking for extended coverage. It may be an option if you’re also considering a multi-year plan. 

However, their coverage costs are higher than packaged plans, so it may not be the best choice if you’re on a tight budget.

Conclusion

Lowe’s Protection Plans can be a way for customers to extend the protection on their home items. However, we always encourage customers to ask for quotes and read the fine print before purchasing a plan.

Quick Details About The Company

Here are some details about Lowe’s that will help you know more about the company. Take a look: