Now is a good time to begin thinking about your furnace. If you need to have a furnace repair done, you don’t want to wait until the last minute to call someone. Besides that, you also need to take some time to find out if your homeowners insurance policy can help you pay this bill. It’s possible if your furnace was damaged by a covered loss.
Is it a Covered Loss?
Your homeowners insurance policy may cover your furnace repair under some circumstances. For example, your furnace may have been destroyed by a fire that has been determined to be a covered loss by your insurance company. In this case, you may file a claim with your homeowners insurance policy, and your furnace will either be replaced or repaired. In addition to that, the policy will pay to repair or replace other property that the fire damaged. All you will need to do is pay the deductible, and the insurance company will pay up to the limits of the policy.
Is it Due to Wear and Tear?
If your furnace breaks down due to wear and tear, this will be a different story. Wear and tear is not necessarily covered under your homeowners insurnace policy. So, if you turn on your furnace this winter and nothing happens, your insurnace company will not pay for repairs or replacement of the furnace.
Since you are addressing this issue early, you have time to purchase a warranty for your furnace. You may also purchase equipment breakdown coverage for your furnace. This covers your appliances in the event that they are damaged by a covered loss. It also provides coverage when your appliances break down on their own or cease to work after a power surge or an electrical breakdown.
This is additional coverage that you can add to your homeowners insurnace policy, and it applies to new appliances as well as older ones. This is important because approximately 20% of new appliances fail within four years of purchase. For example, the electricity may break down or there may be a power surge within that time, so your new refrigerator would stop working.
If you are experiencing Furnace issues, it is better not to wait. Call CJS Heating And Air today. We are your one stop shop for all your HVAC needs!