Four Things to Consider When Buying Boiler Insurance

Even today, when central heating and hot water systems are widely considered reliable and trouble-free, around 1 in every 10 boilers breaks down in some way every year.

Boiler breakdowns and emergency repairs can range from something as minor as leaking radiators to something as serious as a burst pipe.

The problem can be caused for various reasons, from internal corrosion to poor water pressure, to something as simple as a blown fuse.

Whatever the problem, the sooner you spot it, the easier it will be to fix.

That’s why it makes sense to have boiler insurance in place. It will protect you financially by paying for the cost of emergency boiler repairs and protect you in other ways too.

The benefits of boiler cover include rapid response and guaranteed response times, and cover for all parts and labor. However, with so many companies offering boiler cover, it can be hard to decide which one’s right for you.

Here are a few things to consider when choosing boiler insurance:

Which company do I pick?

Most boiler cover is pay-in-advance, making it worthwhile to shop around before you sign up. Compare quotes to make sure you get the best boiler cover for your home. Whether you’re picking or renewing boiler insurance, the choice is yours. Some policies come with fixed premiums for a fixed term, while others can be customized to suit your home and individual needs. Check the small print to see what you’re buying and who is in charge if something goes wrong.

What cover do I want?

Boiler cover usually includes emergency call-outs, but you won’t have cover for wear and tear or malicious damage. Boiler insurance protects you against the cost of replacing your boiler should it break down and from the inconvenience of not being able to heat your home.

Boiler insurance will pay for the cost of repairs, replacements, and servicing but typically won’t cover repairs to pipework, radiators, or windows. It typically lasts for three to five years, after which you’ll need to get your boiler serviced and renewed. However, some policies extend this cover for an additional period or cover the cost of a new boiler in the event of theft or vandalism.

How much cover do I need?

A boiler is an essential appliance in any home, providing essential heating and hot water. So when it comes to property insurance, it’s wise to make sure you have adequate cover.

It would be best if you considered the costs of replacing a boiler and any current or future repairs or renovations when deciding how much cover you need.

The level of cover you need will depend on whether you’re renting or own your home. If you’re renting, you’ll probably be responsible for paying the boiler’s replacement costs, as well as the cost of any repairs or maintenance.

If you’re buying cover for a property you own, you’ll need to pay the full cost of the boiler, any installation costs, and any ongoing annual maintenance. Most policies have limits on the amount they’ll payout. For example, some policies will only pay out for up to 100 call-outs per year.

How long is my boiler cover valid for?

Boiler cover usually lasts for 12 months, but it’s advisable to look for more extended policies, which could save you a lot of money in the long run. Some policies offer cover for up to five years, with annual cover costing around £30. After that, your boiler is likely to be deemed as “uneconomical to repair” or “no longer fit for purpose,” and your boiler insurance will no longer pay out a claim.

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