Home Insurance > Contents Insurance > Boiler Insurance

They might be ugly, cumbersome and annoyingly loud, but boilers are extremely important. Don’t believe me? Try living without one.

Anyone who has experienced a boiler breakdown will know how bad it is, particularly when they happen in the winter. Hot water and heating are necessities in the colder months and being without a boiler is grim.

Showering at your neighbours is a viable option for a few days, but you’ll eventually feel like a nuisance. So what next? Warm some water on a stove, get the paddling pool out and make a bath? Or, even worse, actually go to the gym so you can use the shower facilities? Boilers are home-life essential, so they need to be looked after.

How Much Do Boiler Repairs Cost?

Unsurprisingly, given that they are so important, boilers are expensive to repair. Small repairs can still cost you over £100, or you can end up shelling out over £400 for more serious work.

Last year, nearly one in five homes had their boilers break down, costing on average £245 to repair. So, if boilers are essential, breakdowns are common, and repairs are expensive, should you get your boiler insured? Well, the simple answer is yes. However, nothing is simple in life, is it?

Like all insurance, there are pros and cons to boiler insurance and, in some instances, you may not need it at all. But first, before you head off to look at quotes, ring up a provider and sign your policy, you need to understand what boiler insurance is and what it covers.

What Is Boiler Insurance?

Boiler insurance, or boiler cover, will cover the cost of repairing your boiler should something go wrong. It is sometimes included within a home insurance policy, but more commonly purchased as a bolt-on or as a separate entity entirely.

As with other types of insurance, the range of cover depends on the amount you pay. For example, the cheapest boiler cover will only insure the boiler system itself and might be limited to a certain amount of hours of labour, while more expensive policies may cover the boiler and central heating system in general.

Do I need boiler insurance as a renter?

If you’re renting accommodation, boiler insurance is not for you to worry about. While you will be the one who is impacted should the boiler breakdown, the responsibility lies with the landlord to pay for repairs, and it is on them – and homeowners in general – to purchase boiler insurance. Tenants and renters do not need to purchase boiler insurance and should something go wrong with the boiler in your rented property, you need to contact the landlord or letting agent immediately.

Things To Consider When Getting Boiler Insurance

So we know that tenants don’t need to take out boiler insurance, but if you are a Homeowner considering getting your boiler insured, there are a few things you should consider before doing so.

Cost vs. Cover

Make sure that the insurance policy is adequate for your needs. There is no wrong option when it comes purchasing your boiler insurance, but before you purchase the cheapest cover policy you can find make sure it is suitable for you.

Cheaper insurance policies will only cover costs to a certain amount per year, while more expensive policies may offer unlimited costs and unlimited claims. The latter policies tend to appeal to families with young children, as the idea of the boiler cutting out is a lot more stressful when there are children involved. Also, if you have a fault that’s tricky to fix, having a policy that contains an unlimited amount of hours or labour could save you a lot of money in the long run. However, that said, their monthly costs will be significantly higher.

Age and Model of Boiler

When purchasing boiler insurance you will need to know the age and model of your boiler and your boiler system. Most insurers require that a boiler is below a certain age in order for it to be insured. While this will vary depending on the provider, it is usually required that the boiler is below seven years old when the cover is bought.

If it is older, the provider may request a boiler inspection before granting cover or may refuse to offer any cover at all. Similarly, you may find that your boiler’s system does not fit the standards requested by the provider, which could lead to you having to replace your heating system before being offered cover – something that might be incredibly costly and not worth the financial burden.

Type of property

It’s not just the boiler and its system that may cause issues when trying to take out an insurance policy, the type of building can also have an impact. Mobile homes, bedsits and commercial properties are often excluded from boiler cover, so be sure to check that your property can be covered before you begin the process of purchasing insurance.

What Does Boiler Insurance Cover?

Boilers are complex machines and a lot can go wrong with them. While cheap insurance policies will cover some of these potential hazards, they won’t cover everything.

A lot of issues that lead to a boiler breaking down, such as a build-up of limescale, will not be covered by insurers due to them being a result of a lack of care rather than a fault in the system.

Obviously, not many people know how to service a boiler, so it may be worth exploring insurance policies that include boiler servicing in the policy, meaning an engineer will annually service your boiler to ensure it’s in good working condition. While these policies may be more expensive, the annual check-up will ensure that you don’t get stung should your boiler breakdown due to a lack of care on your part.

In general, boiler cover can help you with boiler repairs, boiler servicing, central heating repairs, pest infestations, plumbing repairs and electrical wiring issues.

Of course, basic boiler insurance will not cover all of the above, but more expensive options may do so. If you decide to go with a cheaper option, it’s particularly important that you read the terms and conditions of your insurance policy carefully to avoid any hidden costs like callout charges and excess fees. Likewise, if you’re taking out a more expensive policy, never be afraid to cross-check exactly what is involved with the policy and don’t feel bad about asking questions.

At the end of the day, you’re spending a lot of money on a big humming white box, so you need to know what is being provided.

Whether you’re going basic or premium, boiler cover usually comes with a no claims period attached to policies. This period usually runs for the first 14-30 days and it’s simply to stop people from taking out cheap boiler cover on the day their heating packs in and claiming on it.

Boiler Insurance Information

Is Boiler Insurance Cost Effective?

So is boiler insurance worth it? Again, the simple answer is yes. But, on the other hand, there are cheaper alternatives.

The major plus point about all types of insurance is that they save you from a headache when things go wrong. If your boiler breaks down and you don’t have insurance it can be a stressful and messy affair getting it repaired.

First, you have to find a tradesman, then you need to find a time for them to come out that suits you both, and then you need to ask for a quote and be horrified by the price.

While the cost of your insurance policy across the year may be more expensive than the repair itself, the fact that you don’t have to deal with any of the hurdles of getting your boiler repaired may outweigh the financial benefits of not being insured.

Insurance companies will often have their own tradesmen that will be able to reach you quickly and repair your boiler swiftly. What’s more, you won’t be hit with an eye-watering one-off bill at the end of it.

Self-insuring for newer boilers?

Boiler insurance is definitely worth exploring when your boiler is a few years old, but if you’ve got a new piece of kit and you’re willing to take a risk, it may be worth self-insuring.

Instead of paying your money to an insurer each month, put it into a savings account and build up an emergency fund in case something goes wrong. If your boiler does breakdown, you’ve covered yourself for the cost of repairs. If it doesn’t, the cash is yours to treat yourself with.

Your boiler is a key part of the home, so it’s worth keeping it maintained and in a good state of health.  Despite the recent advances in technology, our boilers still breakdown a lot, with UK families being forced to pay out more than £787m in unexpected boiler repair bills last year. Energy providers use the fear of broken boilers to push their boiler insurance policies and, while they may be expensive on the face of it, they could save you a lot of stress and hassle in the long run.

As with all purchases of this nature, never rush into buying boiler insurance. It may be tempting to take the cheap option and shun the sales peak, or you may go the other way, be swayed, and think you need the premium policy. Whichever path you choose, do your research, figure out what it is you require, and make sure you understand what is being offered.

Boiler insurance can be littered with hidden costs and the last thing you want to happen is to be hit with a big bill for something that you thought was covered in your policy.

Need insurance for your home? We built buzzvault to make protecting your building and contents easy, transparent and hassle-free. Check out our hyper-personalised offer by visiting gobuzzvault.com or get quoted straightaway in under 60 seconds.