Boiler cover, how to choose the right insurance plan

Baxi product

When it comes to all amenities, it is advisable to consider having everything insured in the event that something goes wrong. Although some insurance covers can be quite expensive, it is a small price to pay for the security and peace of mind should anything happen to your heater and leave you with a large maintenance cost. Here is a guide on how to ensure you will be well covered when it comes to your boiler heating system.

What to be aware of when choosing a boiler service.

A boiler cover is usually something the landlords or property owners should be considering as tenants are not responsible for insurance related costs and expenses. However, there are many packages available in the insurance industry that provide for boiler break downs and replacement. Boiler packages usually cover repairs made to your boiler including labour and spare parts. However some insurance conditions hold limitations on the amount of hours that can be spent on each repair or a limit on the amount of claims you can make in a certain time period. It is vital to be well informed about these terms and conditions of each insurance cover before committing to a package.

Other points to keep in mind when considering a coverage plan for your boiler include:

 

  • Age factor: many insurance companies have expected terms when it comes the age and state of your boiler system. Most companies would expect the amenity to be no more than seven years old, otherwise you may be required to undergo a boiler inspection before you can come to an insurance agreement.
  • Limited repair requests: as stated, it is advised to check if each insurance company has a limitation on call-outs. In addition to this, it is useful to consider the amount of the payout the insurance provider is willing to pay for a single request.
  • Hidden costs: Some companies require an excess fee which can make a seemingly cheap insurance plan prove to be more than expected. Therefore it is worth considering more additional boiler cover that will help to alleviate any hidden excess costs that may arise.
  • Type of boiler: A general rule within insurance companies is to cater for all boiler types and models; this ranges from everyday conventional boilers to complex combo boilers. Thus it is a great idea to customise your insurance plan in accordance with your specific boiler type, which may prove to reduce overall cost.

 

Boiler Cover Type

Choosing the boiler coverage that is appropriate for you very much depends on the current condition of your boiler system. For new or well cared for systems, a less expensive cover would be preferable and more readily available to insure only the boiler itself. An insurance policy such as this will cover the boiler without the additional cost of coverage for central heating systems.

If, on the other hand, the boiler you are interested in insuring has a few years on it, and if you have some worries about its functioning state that could affect the central heating system, then a more expensive insurance plan may be more desirable.

If neither of these options applicable, then perhaps a home emergency coverage might be the ideal solution in your case. Home emergency plans have immediate benefits of broad coverage and protection from boiler and central heating failures or drainage and electricity breakdowns. This will also allow for an unlimited number of call out requests, omitting any limitations. The only concern with a home emergency plan is the cost required to obtain it. These are the most expensive insurance covers and so can weigh quite heavily on your budget, and are only provided in emergencies which may prove a nuisance when you are faced with a minor boiler issue.

 

Author: nick thorn