If you are like the average South Texas homeowner, you run your HVAC system more than 3,400 hours each year — that’s a lot of cooling and heating time. Are you covered in the event of HVAC failures, accidents, or damage caused by natural disasters? Read on to learn about HVAC insurance options and exploring what’s best to keep your HVAC in great shape for your situation.
First, speak with your homeowners insurance agent. You may currently be covered for damage sustained to your HVAC unit in the event of a house fire, a felled tree, direct lightning strike, and/or from wind-driven storms and flooding due to Mother Nature.
However, standard homeowners insurance policies do not cover HVAC repairs, failures, and normal wear and tear. So, if you are not insured for your HVAC system and other major home systems, explore your next options.
When you speak with your insurance agent, inquire about extending your homeowners insurance to cover your HVAC system. If coverage is available, work with your HVAC contractor to determine if HVAC insurance is a good idea regarding your HVAC system’s age and condition.
Another option is insuring your HVAC system separately from your homeowners policy. There are many insurance companies that offer HVAC system insurance and extended warranty services. Compare combination packages that include other home systems with your HVAC unit to purchasing HVAC à la carte insurance.
Deductibles and Cost Analysis
Common questions to discuss with your HVAC contractor regarding HVAC insurance and warranties are claims deductibles and an HVAC lifetime cost analysis.
- Does your homeowners insurance cover fire and natural disasters for your HVAC system?
- What are some common HVAC repairs to expect over the years, and are the repairs worth taking out an insurance policy and paying deductibles?
- Would a comprehensive HVAC service agreement through your HVAC contractor be more cost effective in preventing HVAC repairs (and the deductibles involved) and, additionally, saving energy?
Each homeowner’s situation and HVAC systems are unique. To discuss your best HVAC insurance options and/or service agreement plans, please contact CCAC today.
Our goal is to help educate our customers in Corpus Christi, Texas about energy and home comfort issues (specific to HVAC systems). For more information about your HVAC system, download our free Home Comfort Guide or call us at 361-678-2495.