As with any other property, a boiler can be stolen, damaged or destroyed by a fire or an accident. In the case of an accident, your insurer may pay for the cost of replacing your boiler and its contents. However, it is important to have boiler insurance cover in place as well as other insurance cover to give you peace of mind. Here are some reasons to have boiler insurance.
Boiler insurance is a type of home insurance that covers the cost of replacing your boiler. If your boiler breaks down, this can result in costly repairs and replacement. Even if you have a new boiler installed, there may be other things that can go wrong with it. For example, it could be stolen or vandalized, or someone could break into your home and steal small parts such as valves or fuses.
If you don’t have boiler insurance and your boiler breaks down, then you could be left with costly repairs or replacement costs that aren’t covered by your homeowner’s policy. In some cases, homeowners may not even realize that their heaters are covered under their policy until they receive an unexpected repair bill from their insurer.
If your boiler has been damaged, your insurance policy will cover any repair costs and expenses associated with having the equipment repaired. If you’ve had an accident onsite, you’ll be covered for any loss of earnings caused by time off work, as well as compensation for any additional living expenses incurred while taking time off.
The cost of replacing a boiler can be high, especially if the time between breakdowns is short. You may have to hire a professional engineer to do the repairs or even replace the whole machine. The cost of replacing your boiler may also involve paying for labour and materials as well as paying for installation costs if you need new pipes, fittings or other parts.
A good boiler insurance policy will cover these costs and more, including:
Nominal cover – this covers any damage caused to your property such as broken windows, chipped paintwork, etc.
Temporary cover – this covers you for any damage caused by a boiler breakdown while it’s off-grid until it can be repaired or replaced.
Major repairs – this covers major repairs and replacements of your heating system such as replacement boilers or steam generators plus ongoing maintenance work required on them (such as filters).