Does Homeowners Insurance Cover HVAC?
Does homeowners insurance cover HVAC? You don’t always think of your HVAC system as long as you know it is keeping you comfortable. But what if something goes wrong? Did you know that you can easily spend hundreds of dollars on the repair should your HVAC system get broken?
Because your HVAC system is important, it is also vital to plan ahead should problems about the system arises. To avoid spending a lot on repairs, it is also important to know if your homeowner’s insurance policy covers this.
In general, a homeowners insurance policy provides coverage for your personal properties if they are damaged by means of unexpected disasters This can include fire, theft, sudden strong winds, or hailstorm. Natural calamities like earthquakes and typhoons are most of the time, not covered by a homeowners insurance policy.
Many people don’t know that a homeowner’s insurance can cover the HVAC system as well. Continue reading to know more.
What Is Homeowners Insurance And What Does It Cover?
Homeowners insurance is a form of property insurance that covers damages to an individual’s property. This includes real estate properties like your house, commercial establishments, and all other assets in your property like furnishings. It can cover interior damages, exterior damages, damages on assets, and other accidents made while on the property. It is good to note however that not all can be covered by your homeowners’ insurance policy. The coverage will always still depend on the type of insurance you get for your property and the amount you are paying for it. Remember also that for certain damage to be covered, it should be specifically listed in your policy. If, for example, your property was damaged by a heavy typhoon, but the typhoon is not listed on your insurance policy, the damages won’t be covered.
How Can An HVAC Unit Be Converted Into A Homeowners Insurance Policy?
An HVAC system can be covered by your insurance policy when the damage in the system is caused by incidents specifically listed on your policy. Your HVAC system is part of your property’s asset so it can be automatically covered but under certain conditions.
An HVAC system that is installed in your residential property is covered under dwelling insurance because it is considered a built-in part of your home. Other items such as your air conditioning system can be covered using personal property coverage as they are considered personal property.
A standard homeowners insurance won’t cover HVAC damages that result from regular wear and tear. Damages caused by personal accidents won’t be covered by the insurance either. As a homeowner, you have the option to increase the coverage of your homeowners insurance policy or avail of a separate equipment breakdown coverage.
An equipment breakdown coverage protects home appliances and other equipment if they are damaged by sudden, unexpected incidents. These add-ons can help you pay for the cost of repair for your heating and cooling units including boilers and water heaters and other electrical systems.
Contact Us for Affordable HVAC Repair in Apopka, FL
Does homeowners insurance cover HVAC? In some cases, yes. But if yours do not, worry no more because we offer affordable HVAC repair and maintenance services. Eggert Cooling and Heating is available in Apopka, Windermere, Winter Park, Maitland, Clermont, Ocoee, Winter Garden, and the surrounding areas. You may reach us at 407-252-3785 to get a free estimate.