One in five people suffered problems with their boilers last year, with many householders having to pay up to £300 for call-out charges and boiler repairs. Over the Christmas period especially, this is not the kind of hassle you need and you’re not likely to have that amount of spare money to hand.
It’s never a good time to lose your central heating or hot water, but unfortunately the winter is the most common time for a fault to happen. Your boiler will be working at optimum levels to keep your home warm.
Energy comparison site uSwitch also reports that six in ten households don’t invest in boiler insurance. In fact the only time people think about boiler insurance is after a breakdown, which defies the point of insurance in the first place.
Older boilers are inefficient too and more likely to breakdown, so you could be paying more on your energy bills for something that could fail at any time. If this is the case it’d be wise to invest in a new energy efficient boiler.
If you’re thinking of boiler cover for the winter, here are some tips you may want to consider:
- Do you actually need boiler insurance? If you rent your property it’s your landlord’s responsibility to provide boiler cover. You may also find it difficult to find insurance if your boiler’s over a certain age
- Some people prefer to put a certain amount of money aside each month to cover breakdowns and faults. This is known as self-insuring, but the problem is the problem could be bigger than what you’ve saved for
- There are many forms of boiler cover so make sure you know what you’re paying for. Some would insure a boiler only, while others cover the whole central heating system
- You don’t necessarily have to get insurance with your energy supplier. Scout the market and get some quotes.