Everyone wants to always have hot water and in-house heating system, especially in winter. This can be achieved if you have a boiler breakdown cover which protects your home boiler from accidental breakdown and overheating. This insurance product provides maximum protection against the breakdown of your boiler, thus, it is important to know what to look for when buying boiler breakdown cover. Read this article to find out what to look for when buying boiler breakdown cover.
Keys factors to look for
Scope of insurance cover It is important to analyse the scope of insurance cover so that it gives you the maximum protection against the breakdown of your boiler. This should cover a wide scope of perils such as accidental breakdown whilst at work and when it is being dismantled for cleaning, repair, inspection as well as heating cover. Business interruption cover Closely linked to accidental damage is the cover for business interruption, which responds if the loss is due to an insured peril. It is important to verify if this cover is attached to your policy. Policy extensions and exclusions Boiler breakdown insurance cover has a range of extensions and exclusions, thus it is important to advise your insurance company to include all extensions that you want such as any alterations and improvements to the boiler which increase the boiler cost. Other extensions like emergency boiler services, annual boiler routine service and inspections may be added to the policy in order to get full protection. Price It is important to compare the premiums for various options and the policy extensions in order to adequately insure your boiler. Also, the premium payment options such as monthly premium payments, quarterly or annually are important to analyse so as to get the best deal. Reputation of the insurance provider This is crucial because it determines the capacity of the insurance company to pay claims, to pay on-time and other ancillary services.
Importance of taking boiler cover
Peace of mind Boiler breakdown insurance cover provides peace of mind, knowing that in case of any unforeseen breakdown, you are well protected. Full protection This insurance provides a full indemnity cover in case the boiler breaks down, such as through replacement or repairing. It also provides emergency services in case your boiler overheats.