If you rent a home, it’s the landlord or property owner’s responsibility to ensure the heating system has the necessary coverage. However, if you are a homeowner, it becomes your responsibility to make sure your boiler is insured. At Corgi Home Plan, we understand the importance of securing the best coverage for your heating system, and we’re here to guide you through the entire process.
When it comes to older boilers, it can be particularly challenging to find ideal coverage. Most insurance policies only extend coverage to boilers that are less than 7 years old and almost always refuse to cover those that exceed 15 years.
If you have a relatively new boiler, ensure you check the guarantee or warranty from the manufacturer as you might have replacement coverage. Warranties typically last for two years, but some manufacturers may have a longer or shorter coverage period. Also, keep in mind that there will almost always be conditions to the coverage, so expect some limitations.
To make sure you make an informed choice, it’s imperative that you carefully read the fine print and paperwork. This way, you’ll be able to assess the available options and pick the boiler cover that matches your specific needs.
How Much Does Boiler Coverage Cost?
There are multiple factors that affect the cost of boiler coverage. It’s also important to note that there are several types of central heating systems, each with varying features. Apart from the specific type of boiler you use, the expenses will be influenced by factors like the age of the system, location, and size of your home.
Bear in mind that coverage limitations are not uncommon. There might be a maximum amount set for your policy and if you pick a less-expensive one, be ready for limitations on the number of claims you can make within a year. As such, ensure you thoroughly assess the benefits that come with different policies. Compare the available options and pick a coverage level that offers both comfort and peace of mind.
How Do I Find the Right Coverage?
Most boiler issues arise from poor maintenance or lack thereof. To avoid such, opt for a coverage plan that includes the cost of annual servicing. Remember that maintaining a boiler is way cheaper compared to making repairs.
Typically you will be looking at two types of plans. Some solely cover the boiler while others cover the entire central heating system. It is paramount that you carefully review each plan and take to compare your options. Surprisingly, the cost difference between boiler-only and comprehensive coverage may not be significant.
Also, you’ll want to determine the starting date of your coverage. Certain plans may impose a waiting period at the beginning, during which you cannot make claims. This period can range from 2 to 4 weeks. Such restrictions are implemented to prevent homeowners from seeking coverage right after their boiler has already stopped working.
Another aspect worth considering is a round-the-clock helpline. Having access to 24-hour assistance ensures that you can receive immediate help during an emergency. Also, check the extent of emergency coverage the policy provides.
Pick the Ideal Option
Your utility company might offer boiler coverage as an option for you to consider. Bundling coverage with your utility services may be convenient, but be aware that it could potentially lead to higher costs. So, take the time to carefully compare the different options available to you. Factor in the cost of varying policies as well as the extent of the coverage they offer.
Ensure you prioritize getting the necessary coverage that meets your needs, all while being affordable. Visit www.corgihomeplan.co.uk to find the best plan for your needs.
The Takeaway
Having your boiler insured will provide peace of mind. Boilers do not come cheap, and when a breakdown happens unexpectedly, the repairs can take a toll on your wallet. With the right coverage, you do not have to worry about any mishaps. Use the tips above to ensure you pick an affordable plan that meets your needs.
