The unsung hero of your home. Going unrecognised until something goes wrong, and its usually at the worst moment. Not that there’s a good time for your boiler to break down but in the middle of winter is probably up there with the most inconvenient times.
Boiler cover is often overlooked as an expense to cut out of your monthly outgoings, but it can in fact save you a lot of money should something go wrong with your boiler.
Boiler cover becomes more crucial for older boilers as they become more likely to break down.
Boiler Cover for Older Boilers
Boiler cover for older boilers is available although it comes with higher premiums than a newer boiler. This shouldn’t put you off purchasing a policy though, with the average boiler repair costing around £314.
On top of the price, it can often take weeks for an engineer to become available for any emergencies and diagnostics. With pricey emergency call-out fees, a good boiler cover policy can protect your household from pricey fees and you shouldn’t be sitting in a cold house for too long.
Good boiler cover policies include an annual service and boiler maintenance which can greatly increase the lifespan of your boiler.
What Is Considered An Older Boiler?
It is generally accepted that a boiler is old once it reaches 10-15 years old. This is the age that it becomes less energy efficient. Even though it is advised to replace a boiler once it reaches this age, it is not always financially practical. This is where a good boiler cover policy steps in.
What Is Boiler Cover?
Boiler cover provides cover in the event of boiler breakdowns and emergency repairs. You will usually pay a monthly or annual fee for the insurance policy with many providers offering a discount if you choose to pay for the policy annually.
Good boiler cover policies will include annual services, unlimited call-outs and speedy repairs. Some policy providers will insure old boilers up to a certain age.
There are a few options when it comes to selecting boiler cover. You can read more here.
Benefits Of Boiler Cover For An Old Boiler
In many cases, manufacturers’ warranty will only last for 5-7 years. After this period has passed, it can mean that parts of your boiler will start to depreciate. Whilst a well looked after boiler with an annual service can last 15 years plus with no issues, it can offer peace of mind that you are not going to pay out a large amount of money should your boiler break down.
Boiler cover for an older boiler offers:
- Peace of mind – your family will not be left multiple days without heating and hot water in the middle of winter.
- Financial reassurance – as older boilers are more likely to break down in comparison to new boilers, it can save you a significant amount of money to fix any issues. You can read about average boiler repair costs here.
- Annual maintenance – many policies will include an annual service. This will help keep your boiler operating more efficiently for longer.
Should I Get A New Boiler?
New boiler installation is expensive but so is a repair without boiler cover. Weighing up a purchase of a new boiler or sticking with your older boiler is an individual decision for each household.
Whilst a newer model may provide some savings by operating more efficiently, the impractically spending £2,000+ on boiler installation is not ideal.
Many boiler cover policies are happy to provide cover for units 7-10 years old. However, options quickly dwindle if your boiler is over 10 years old. When your boiler hits this age, some providers will not offer a good policy or charge a very high premium to cover you.
If your boiler is approaching 10 years old, it’s worth exploring your options.
Boiler Cover For Old Boilers: What To Look For
With the increased risk of breakdowns and the potential to need parts replacing, some boiler cover policies will be unsuitable and a complete waste of money.
If you have an older boiler you should look for a policy that includes:
- Unlimited callouts
- An annual boiler service
- High or no cap on repair costs
- 24/7 support
Any boiler cover policies with a limit on callouts may not be worth it for older boiler owners. You will also want to ensure that there’s an annual service included as this will help prolong the life of your boiler.
What To Avoid
Some providers may entice you into boiler cover with a lower introductory price and then increase it after the first year. Taking your time reading the policy details will ensure you do not get any surprise charges.
This is common practice with very few providers sticking to the price they offer in the first year. Good providers will only ever increase your annual renewal after a claim.
You should also ensure that you’re comfortable with the excess amount. This is usually paid when you make a claim ranging from £0 up to £200. Not all boiler plans have an excess fee.
What Type Of Boiler Cover Do I Need?
Providers typically offer two types of policies. Basic boiler cover will include your boiler and controls, and the additional cover will include the full heating system and water cover.
Full Boiler Cover
Full boiler cover varies by provider. The best policies will include annual service and maintenance checks to go alongside comprehensive coverage. All parts and labour should be included.
Basic Boiler Cover
Basic boiler cover is ideal for newer boilers where issues are less likely to occur. This type of cover will still include repairs to your boiler and controls but it may have a cap on the number of call-outs and repair costs.