Boilers have a habit of breaking down at the most inconvenient times; often due to the increased stress and demand placed on them during cold winter months. Unfortunately, gas powered boilers and heating systems aren't something you can tinker around yourself, (unless of course you already have the appropriate certification), and can often be costly to repair. Taking out stand-alone coverage, or adding coverage to your existing home insurance policy is definitely worth considering.
Types of Boiler Cover
There are two facets to boiler cover to consider. The first could be viewed as a kind of service contract which includes an inspection and service of the system on an annual basis, allowing you to retain maximum efficiency at a consistent level. The second can be viewed as more of a 'boiler insurance' policy which will cover faults/repairs; only in the event of failure. Boiler insurance can be further broken down into two type of policy:
- Boiler only cover: Covers the cost of repairs and labour for the boiler unit itself and it's associated controls. You can often add an optional extra for annual servicing of the boiler on those policies which don't offer it as standard. Most policies will include covering the cost of any call-out charges too.
- Full system cover: Alongside your boiler unit and controls being covered, this type of policy also insures all other parts of the heating system. For example, the radiators, pipes and any valves. Again, most policies cover for call-out charges and offer the option to add annual servicing contract options if not already included.
What are the advantages?
Having cover for your boiler can save you the inconvenience of having to shop around for the cheapest quotes, helping you to get you operational again as quick as possible. You'll also have peace of mind, knowing that a gas certified engineer will be arranged to fix your problem- also eradicating any issues with hidden charges which some of the more nefarious tradesmen employ.
What should I look out for?
All insurance policies vary and you should scrutinise the terms and conditions. Specific thing to be aware of with boiler coverage are- the upper set limits for a claim (i.e. will it cover your system if it needs replacement? The maximum payout is often around £1500), and whether there are an imposed limited number of call-outs per year. If your water supply it high in lime-scale, you should look for a policy which doesn't exclude coverage against such damage.
How are prices calculated?
The price of your quote will be based on the following factors:
- Type of heating system
- Age and make/model of your boiler
- The size of your home and how you heat it
It probably goes without saying that the level of coverage you assume will also play a large factor in the cost; boiler only cover is the cheapest, basic option. Full coverage is the 'maximum' level of insurance you can obtain. If you choose to add, or include an annual servicing contract, you can expect this to raise the overall price; but it is likely to reduce the cost of the 'insurance' side of the quote, as the the boiler will be regularly maintained.© Alexander Raths | Dreamstime.com