All about: Central heating insurance

As the weather gets cooler, more and more people are wondering if they need to get central heating insurance. This insurance will protect the homeowner from having to repair or pay for a new central boiler. In some circumstances, it will be worthwhile getting insurance while in others, it will be better to simply hire a workman when something goes wrong.

Do people need central heating insurance?

Boiler insurance and renters People who rent the home they live in do not need to spend money on heating insurance. This is due to the fact that the landlord is responsible for any costs associated with central heating. The cost of insurance versus the cost of repairs Whether or not homeowners need this insurance will depend on the cost of repairing the system. A small repair to a central heating system which heats up a small cottage will have a minimal cost. In these circumstances, the cost of getting a repairman in will be cheaper than taking out insurance. However, homeowners who have a large and expensive system may find that a complicated repair job costs them a few hundred pounds. In these circumstances, it is wise to get an insurance.

Where and how to buy central heating insurance

Many people choose to insure their system through their power company or the company which installed it in the first place. Buyers should make sure that they take the time to shop around. There are dozens of companies which sell this service and some of these have very cheap annual premiums. Different types of cover Buyers will have the choice of full cover or boiler only cover. Full cover is often the best choice as it covers a variety of different circumstances. Moreover, a full cover policy generally includes a annual inspection. This is very important as it allows homeowners to catch problems when they are small. This leads to systems being fixed easily and at a lower cost. Is the boiler eligible for insurance? Before buyers get insurance, they will need to find out whether the system they own is eligible for cover in the first place. Many companies refuse to cover certain brands or boilers which are over seven years old. Some companies may require an inspection before they are prepared to sell the buyer a policy.