Many people think that installing a new boiler will have them the privilege of having the manufacturer serve a warranty for serving and repair. However, this warranty will only serve them for a year of free service and parts. After that, they will be needing boiler cover to be able to have a qualified technician check the mechanical failure or malfunction. This saves them the expensive costs for servicing and repairs.
If your boiler is old, you need to be aware that many insurance companies will not offer insurance for boilers that have existed more than ten to fifteen years. There are even those that only cover up to seven years. To determine the age of the boiler, you need to contact a technician to check and advise you what boiler cover can the insurance provide. If they feel that you will not be covered, then an upgrade is suggested. Some may even offer you to buy newer models for efficiency and saving you smaller space. While this may have you spend a substantial amount, it will save you money on the long run as an efficient boiler will waste lesser energy.
Boiler insurance comes in variety of different kinds, so you can possibly find a policy that fits your budget. More basic policies provide you the right to contact a technician for assistance at the time the boiler fails to function properly. More comprehensive policies can really be expensive covering the whole heating system and the plumbing and drainage system. Just like any type of insurance, you can have expensive premiums if the boiler cover is really extensive.
Services that don’t give you return of investment are those things that people stop paying when they lack cash. If you are considering cancelling your boiler cover, be aware that the cost for contracting an engineer if not covered will cost you hundreds of dollars. This does not even include the expenses for repair works that should take place.
So you have the options of risking to pay a large bill in terms of energy or repair works, or you want to pay monthly premiums just to have your boiler covered by insurance.