As winter approaches, some homeowners may be thinking about their central heating and whether to take out an insurance policy in case their boiler goes wrong. This guide will take a look at the pros and cons.
Ongoing Cost or One-Off Fee?
When a boiler goes wrong, it can be expensive to fix, which is why many people prefer the peace of mind of a policy. They can start from under £10 a month and are often available as an introductory offer. However, these often come with a large excess and a maximum limit they will pay out on, so they may not actually save you much money in the long run. If your boiler is not very old and normally runs smoothly, it is unlikely to break down very often, so it may be more suitable to only pay for boiler repair when needed. If you are looking for boiler repair Cheltenham, companies such as www.hprservicesltd.com/cheltenham-boilers/boiler-repair-cheltenham can give you some idea of cost.
What Is Covered?
Accidental damage, spare parts, pre-existing faults and boiler replacement if yours is less than seven years old. It’s important to check what you are covered for, as many won’t pay out claims for damage caused by limescale or sludge build-up.
Modern combi boilers can be expensive and complicated to fix, so it may be worth getting a policy that has a low excess amount and includes labour and parts and unlimited call-outs. It’s worth noting that, as with all insurance, your premium is likely to increase following a claim.
