Does Everyone Need Boiler Insurance?
Friday, December 23rd, 2011With temperatures dropping across the country and the weather taking a turn for the worse at the same time, many people will be looking at their boilers and central heating systems and wondering if they should take out some form of break down cover in case something should go wrong this winter. But does everyone need to have boiler insurance?
If you own your own home, then yes. Those who rent need not take out a policy as it is the responsibility of your landlord. If you rent and are unsure whether your landlord has taken out a boiler insurance policy, then you should contact them and find out, if only to reassure yourself.
For those homeowners who are concerned about cost, it is possible to pay for boiler insurance per month , sometimes as a small additional cost on your home insurance policy. It is also worth reading your home insurance policy to find out whether your boiler or heating system is already covered under the terms of that policy, if so you stand to save yourself some money should your boiler ever develop a fault.
Consumers are understandably loathe to spend more money than they need to, in this time of financial uncertainty and rising electricity prices , but it is important to consider how much a boiler repair would cost should you decide against taking out a policy. If you struggle to make ends meet, then it may be worth investigating whether it would be worth transferring your utilities to a deal that offers fixed cost energy. This could free up some funds to enable you to take out boiler insurance, just to see you through the winter.
A boiler breakdown could potentially cost you hundreds of pounds. For peace of mind, a policy covering you for this eventuality could be worth its weight in gold.