Maintain your tenants’ satisfaction. Avoid spending a lot of money on boiler repairs. Take out landlord boiler insurance. Boiler protection sometimes referred to as boiler breakdown cover or gas boiler breakdown cover, is an insurance policy that could help safeguard your boiler and lessen the financial impact in the event that it develops a malfunction or breaks entirely.
With boiler insurance, you may be eligible for help with the costs that engineers will charge to repair your boiler and, if necessary, pay for replacement parts. Additionally, their call-out cost can be covered, and the majority of boiler protection policies offer a free yearly inspection. Later, more on this.
IS LANDLORD BOILER INSURANCE REQUIRED? IS LANDLORD BOILER INSURANCE WORTHWHILE?
Legally, landlords are required to pay for the upkeep and repair of malfunctioning boilers on their properties. Additionally, you will need to make arrangements for an engineer to visit your house to fix the boiler. Your tenants cannot make decisions since they are not covered by boiler insurance.
Before acquiring coverage, review the conditions of your landlord insurance policy. Your buildings and contents insurance can provide coverage for your boiler. Your boiler can also be covered by the manufacturer’s warranty if it is less than ten years old. If your boiler was installed by a respected business, like Vaillant Advanced or Worcester Accredited installers, an extended warranty can also be offered.
If not, it would be wise to purchase boiler insurance. In addition to giving you piece of mind, the coverage enables you to authorise your renters to contact engineers to the property to remedy the issue without your presence, which is helpful if you live far away.
The boiler’s brand and age affect the cost of insurance. Due to the increased likelihood of a breakdown, you’ll undoubtedly have to pay more for insurance if the vehicle is older than 15 years. Some landlord boiler protection providers will contain particular conditions in their policy about repairs to pre-existing issues if your boiler has previously failed.
WHAT’S THE POINT OF LANDLORD BOILER INSURANCE? I HAVE A MANUFACTURER’S WARRANTY.
Only if your boiler malfunctions within a specific time frame is this warranty applicable. Your boiler warranty may not apply if your problem is created outside of it, by unforeseen physical damage, or by other components of your central heating system, in which case you will be responsible for the cost of the repairs. Therefore, it is crucial to look over your warranty terms.
WHAT LANDLORD BOILER INSURANCE DO I REQUIRE?
The specifics of each landlord boiler package determine the majority of the variances. Both the amount of excess you must pay and the number of call-outs you are allowed to make are subject to frequent change. Verify whether the hotline is open every day of the week, 24 hours a day.
Verify that the coverage satisfies your needs, such as the option to book engineer visits for the late hours or on the weekends. Additionally, confirm that the annual visit is covered by the programme. While some landlord boiler insurance plans only permit a set number of call-outs annually, others permit an unlimited number. Compare landlord boiler cover before choosing one provider.
THE BENEFITS OF GETTING LANDLORD BOILER INSURANCE
As with all insurance, it provides peace of mind and reduces the stress associated with boiler repairs. With landlord boiler cover, you won’t have to spend a fortune to get the boiler fixed. And, almost certainly, your coverage will include a free annual visit to help keep your manufacturer’s warranty valid.
Having landlord boiler cover also gives you access to a helpline and, in some cases, allows you to make unlimited call outs to engineers when necessary. Furthermore, boiler cover will usually include repairs to faulty boiler controls.
LANDLORD BOILER INSURANCE VS. CENTRAL HEATING INSURANCE
It can be difficult to distinguish between landlord boiler cover and central heating cover because boilers are a component of central heating. The main distinction between the two types of insurance is that central heating insurance (also known as boiler and heating insurance) covers the entire central heating system, including radiators, piping, controls, and, of course, the boiler. Landlord boiler insurance only covers the boiler and its controls.
WHAT IS THE DISTINCTION BETWEEN LANDLORD AND HOMEOWNER BOILER COVER?
Both types of boiler cover will typically cover repairs to your boiler and its controls, as well as the ability to call out engineers, use a customer helpline, and receive an annual boiler service and safety inspection. The primary distinction between landlord and homeowner boiler cover is that with landlord cover, you will receive a Landlord Gas Safety Record—a legal document that serves as proof that you have your gas appliances checked on an annual basis.