How much should I expect to pay for home boiler cover?

Posted in Lifestyle by

Disclosure: collaborative post

If you want to avoid the high costs associated with boiler repairs, home boiler cover could be ideal for you. Just as you would insure your phone or other gadgets against the cost of repairs as the result of knocks and spills, you can also cover your boiler.

With the average boiler breakdown costs landing anywhere between £150 to £400, you might be wondering how you can protect your finances from this kind of blow. A boiler isn’t something you can put off repairing; if it breaks, you will have to fix it as a matter of urgency, especially in the winter months.

Home boiler cover allows you to pay a monthly premium and then you will be covered for the cost of boiler callouts, repairs and parts. This is a tempting offer for those who want to manage their expenses and protect themselves from a financial hit.

What is home boiler cover?

There are many different home boiler cover plans available. You can get a plan that just covers your boiler, or you can extend coverage to your whole home, so you’re covered if you have a burst pipe or a leaky roof. You pay a monthly premium and then you are covered for the cost of repairs and callouts. This will also give you access to a network of trusted engineers, which can be worth the price of the premium alone.

Who needs boiler cover?

Boiler cover is ideal for anyone who wants to manage their expenses. If you want to make sure your outgoings remain the same every month, a boiler care plan can help. It doesn’t matter if you have a brand new boiler still under warranty, as your warranty likely won’t include the cost of labour. Even those with new installs can benefit from boiler cover. And if your boiler is nearing the end of its life, you can also benefit from knowing that your expenses will be fixed, no matter what happens to your boiler.

What does boiler cover include?

Reviewing a handful of boiler cover repair companies (https://www.yourrepair.co.uk), you can see that there are different levels of coverage available. You can select the amount of coverage that is right for you. Your boiler care plan will also include an annual boiler service which can help to prevent small faults from causing catastrophic failures. By committing to annual boiler services, you might find that you have fewer breakdowns.

Factors that impact boiler cover price

Several factors impact the price of boiler care plans.

The length of the plan. If you want to fix your premiums for a long period, you will have to pay a higher monthly premium as a result. Since premiums will often increase after you have made a claim, you could save money in the long term by fixing your plan for an extended period, such as 3 years. Low price plans are available on a rolling monthly basis, but these will increase after you have made your first claim.
The level of coverage. The cost of your plan will increase if you want to cover more parts of your home. For example, just covering your boiler will be a lot cheaper than covering your boiler, central heating system and your plumbing.
The age of your boiler. Some plans will charge more if your boiler is nearing the end of its life. If this is the case, you should look for a boiler cover plan that will cover the cost of a new boiler if yours is beyond economical repair.
Support level. You may have the option to pay a higher price for a priority service. If you don’t want to have to wait for repairs, this can be a great option.
The excess. You may be asked to pay a portion of each claim, which is known as the excess. With a higher excess, you will pay less per month.