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You should consider the age of your boiler. Have you just had your boiler installed? If this is the case, then the boiler will probably be covered by a manufacturer warranty, so insurance wouldn’t be necessary. But what if your boiler isn’t new?[1]

It is wise to take into consideration your circumstances once you are aware of the age and warranty details. For example, are you moving home soon? There maybe many factors involved that would show that central heating cover is of no benefit.

If your heating system is getting on a bit and think it is due to start with problems do you already have the money saved to replace it in full if so, you need to consider if you would benefit from taking out a policy just yet, but it may be that a cash sum is given toward the cost of a new system by your insurance and so you might actually still benefit. [2]

It could be worth having a look at getting a new type of heating system, this could even be the cheaper option all round due to energy saving and improved functions. You might even be eligible for a Government Grant to improve home insulation. It is important to have a look at all your options rather than just jumping at renewing your boiler insurance or central heating cover. It may even be possible with all the new technology to have solar heating installed.

To protect your home against sudden problems that can hit the pocket hard, you might like to choose Gas Boiler Cover or Central Heating Cover. [3]

If insurance is definitely for you, then there is still so much to discover to find the best deal for you. There are a wide range of providers when it comes to Boiler and Heating Insurance and choosing the right one could have a dramatic effect of the cost.

What is the cost of Boiler and Heating Insurance?

Annual fuel cost for heating and hot water (not including installation costs)

Condensing boiler: £490
Standard boiler: £730

Carbon emissions per year

Condensing boiler: 2.5 tonnes
Standard boiler: 3.7 tonnes

These yearly costs are estimated costs based on heating and hot water demands of a three-bedroomed, semi-detached, well-insulated house (insulated cavity walls, 270mm loft insulation, thermostatic radiator valves and insulated primary pipe work), the efficiencies of typical heating systems and the current average price per fuel per kWh (as at Sept 2008). They are not derived from actual fuel bills. [4]

The basic boiler breakdown plans cost about £6-8 per month and this would nearly always include breakdown repairs, parts and VAT so make sure you are aware of the offer. Remember that each call out could cost you a set fee of around £50 as well. If it turns out that your boiler or heating system is broken beyond repair than you would normally be given a cash sum toward a new system but each policy can vary as you how much will actually be given.

For £8-10 per month you can get a basic central heating breakdown insurance plan which covers electrical faults and boiler repairs on your heating system. This also includes hot water repairs, parts, labour and VAT. Again remember that each call out will cost you around £50.

If your boiler or heater is LPG fuelled or a duel purpose boiler such as Rayburn or Aga then they may not be covered in any way, this is vitally important to check out as well.

References

boiler-insurance-and-repairs.co.uk/, UK Website for Boiler Insurance (Boiler Insurance and Repairs, Date N/A)
http://www.prudentminds.com/boiler-and-heating-cover.html, Boiler and Central Heating Cover (Prudent Minds, 2009)
http://www.homeserve.com/advice/problems-gas-central-heating, Gas Central Heating Problems (HomeServe, Date N/A)
http://www.which.co.uk/advice/home-heating-systems/gas-central-heating/index.jsp, Home Heating Systems (Which.co.uk, Date N/A)