Any time we make a major purchase, we are inclined to take out insurance on the item to make sure we can replace the item if anything were to happen to it. Hearing aids are no exception.
And while hearing aid insurance is important, be mindful while shopping for it.
Most hearing aids come with a warranty that can last up to three years. While purchasing, be sure to ask about the warranty that comes with your hearing aid. Most warranties will cover repairs and even replace a lost hearing aid. But be careful if you lose your hearing aid. Warranties that replace a lost hearing aid for a relatively small restocking fee are great, but most often the warranty for future loss needs to be repurchased through a private insurance company.
Once the manufacturer coverage has expired, it is important to purchase hearing aid insurance. The price of insurance can vary greatly depending on the age and technology of your hearing aid. While hearing aid insurance can cost up to $300 a year, it is often still a wise investment since some hearing aids can cost upwards of $2,300. And like most warranties, insurance often covers both repair and replacement. The most important warranty to purchase is protection against loss. The cost of repair while inconvenient is not as catastophic and the loss of the hearing aid.
It is important to check your homeowner’s or renter’s policy to see if your hearing aid is covered in your policy, but be sure to also check your deductable amount. If your deductable is higher than the price of your hearing aid, it would still be a good idea to take out insurance for your hearing aid.
For more information about hearing aids or hearing aid insurance, please call any of our three offices in Voorhees, NJ; Marlton, NJ and Philadelphia, PA.