Can You Benefit from Additional Insurance on Your HVAC System?

When you consider that your cooling and heating components are among the most expensive systems installed in your home — and the most critical to your family's quality of life — it’s easy to understand why adequate HVAC insurance is vital. Several options are available that may provide some or all HVAC insurance coverage in the event of a breakdown, a mishap or another event that disables your cooling or heating system. Here, we'll discuss what’s available to protect your investment and comfort.

Homeowners Insurance

If your AC or furnace is affected by an event — such as a fire — that's also covered by a standard homeowners policy, you’re covered. However, a wide variety of events affecting HVAC equipment that are not covered by standard homeowners insurance — such as earthquakes, flooding or major malfunctions due to wear and tear — will not be eligible for compensation.

However, certain homeowners policies include the option for coverage in the event of the breakdown of major equipment. This will pay for significant repairs to home systems, including HVAC. This HVAC insurance coverage is available at extra cost above the standard homeowner’s policy premium.

Home Warranties

Entirely separate HVAC insurance is included in home warranties that also cover major repairs of various home appliances. Marketed by independent companies, home warranties require payment of a continuing monthly premium and also impose a substantial deductible on most repairs. Most plans do not offer coverage for losses due to events that are typically covered by homeowners insurance, such as fire and theft. Coverage may also be denied if particular system components are not properly maintained.

HVAC Contractor Maintenance Plans

The contractor who sold and installed your HVAC system may offer maintenance plans that provide scheduled routine maintenance as well as repairs and replacements for an affordable monthly premium. The terms usually offer discounts on parts and labor, priority service calls and extended warranties for any new systems you may purchase. Service plans are particularly helpful because the routine annual maintenance provided tends to reduce costly breakdowns and repairs, thus making expensive component replacements less likely.

For more information about HVAC insurance options, talk to the professionals at Air Assurance.

Learn the Basics of HVAC Maintenance Agreements

As with any mechanical device, you will get the most out of your HVAC unit if you give it the proper maintenance. There are many things that you as the homeowner can do along these lines. The most basic is to regularly change the air filters. You also want to make sure that the unit itself and the surrounding area are kept free from dirt and debris. However, some tasks require a little more expertise. That is where professional service comes in, and where a maintenance agreement can be helpful.

Agreement Basics

Each contract will detail the services included. You should read the terms carefully, as they may require you to take specific action to fulfill your end. Normally, however, a service contract will almost allow you to forget about HVAC maintenance, placing it in the hands of the issuing dealer.

Air Assurance Extended Service Protection Plan

With the ESP Plan, Air Assurance customers include all of the above benefits of a maintenance agreement. When you need help immediately, our technicians will step in quickly to keep you and your family comfortable. Services covered under the plan include:

• Semi-annual maintenance checks of the A/C and heating systems

• A written service record of all maintenance performed in compliance with manufacturers warranties

• A 15 percent discount on parts and labor

• A limited lifetime warranty with a fully maintained agreement

• VIP specials

• Increased efficiency, translating into money saved.

• Service reminders, so you don't have to keep track

A maintenance agreement will bring you the peace of mind that you and your family deserve. The Nate-certified technicians at Air Assurance are some of the finest in the greater Tulsa metropolitan area. When you contact us, be sure to ask about our Extended Service Protection Plan.

Our goal is to help educate our customers in the Tulsa and Broken Arrow, Oklahoma area about energy and home comfort issues (specific to HVAC systems). Credit/Copyright Attribution: “Venimo/Shutterstock”