AIG offers home appliance cover as voluntary benefit

American International Group Inc. has launched AIG Home Protection, a voluntary employee benefit to cover out-of-pocket expenses related to repairing or replacing home appliances and products.

AIG Home Protection, available to employers with at least 2,500 employees, covers the costs of parts and labor to repair or replace mechanical and electrical failures on products within the home, the insurer said Tuesday in a statement.

According to an AIG spokeswoman, AIG Home Protection offers annual aggregate limits of up to $5,000, while the maximum limit for each product category varies.

The products covered include primary heating, ventilation, air conditioning systems, water heaters, washers, dryers, dishwashers, ranges and ovens, and refrigerators, AIG said in the statement.

AIG Home Protection, which may be offered by employers as a voluntary benefit, is sold through AIG unit AIG Benefit Solutions and other employee benefit solution providers.