What are the real pros and cons of boiler cover?

Depending on your individual level of risk tolerance, boiler cover could be worth considering, and for very good reason – boiler breakdowns can be costly. An unexpected bill in the midst of an economic downturn is the last thing you need, right?

So, what is boiler cover anyway?

Boiler cover is a policy that covers costs related to the repair and maintenance of your boiler, if and when your boiler goes on the blink. Depending on the package you go for, your policy may also cover your wider central heating system too. 

As with any financial product, boiler cover has its pros and cons. Because we’re a helpful bunch, we’ve had a look at some of the advantages and disadvantages of a boiler cover plan, helping you to make the best decision for your unique circumstances.

Pros of boiler cover

• Unexpected repair costs: The main benefit of boiler cover is that it helps you manage unexpected repair bills. Without it, boiler breakdowns can be a nasty financial hit.
• 24/7 emergency service: Most boiler cover policies include 24/7 emergency service, ensuring that you have qualified GasSafe-registered engineers on hand whenever a problem arises.
• Annual maintenance: Many boiler cover plans include an annual service or check-up, which help you to maintain your boiler’s efficiency and potentially extend its lifespan.
• Coverage beyond boiler: Some comprehensive plans offer coverage beyond the boiler, including the whole central heating system, such as radiators and pipes.
• Peace of mind: Boiler cover gives you peace of mind, knowing that you’re protected from those unforeseen costs and hassle associated with boiler breakdowns.

Cons of boiler cover

• Cost: The most significant downside to boiler cover is the initial cost. You might consider premiums pricey, especially for older boilers or more comprehensive cover.
• Cover limitations: Some policies have their limits, such as maximum claims or exclusions for specific parts or types of breakdown. You might want to go through the small-print with a fine tooth comb.
• Excess payment: Some policies require an excess payment for each claim. So, depending on what you signed up for, this excess is a cost you’ll need to factor in.
• Underused policies: If your boiler is relatively new, or is regularly serviced and maintained, you might feel that you’re wasting money on a policy you don’t use.
• Waiting periods: Some policies have waiting periods before you can make a claim, which can be inconvenient if your boiler breaks down soon after taking out the policy.

Ultimately, the decision to purchase boiler cover depends on a number of factors, including the age and reliability of your boiler, your access to ready cash to deal with unexpected repair costs and your individual tolerance of risk. 

Of course, regular servicing of your existing boiler and heating system is the best way to keep your home safe and warm. Our GasSafe-registered engineers will give you an honest appraisal of the condition of your boiler, helping you to decide whether a boiler cover plan is right for you. As with all such products, it’s a good idea to read the small-print thoroughly and compare different providers to ensure you choose a policy that best suits your needs.

Need help with your boiler or heating system? Contact us today