Knowing if a home warranty covers HVAC repair is important to all homeowners. There are different types of insurance available for your home. Being able to recognize different insurance policies and the value of each will help you determine which of them to invest in.
There are people that feel like all insurance policies are important and get them all. Alternatively, others feel like only a couple of insurance policies are worth their money and have potential benefits. We’re here to help you determine whether getting a home warranty to cover HVAC repair is a good idea.
Will a Home Warranty Cover HVAC Repair?
As summers bring on the heat, the question “does a home warranty cover AC repair?” grows in importance. Home warranties will cover HVAC repair in specific conditions. Home warranty plans often cover geothermal systems, ducted air conditioning systems, and water heaters. Rest assured that HVAC systems are included in almost all home warranties.
The key words here are “wear and tear.” A home warranty will cover HVAC damages that occur due to wear and tear. You will need to provide proof that you have been regularly maintaining your HVAC system for your home warranty to work. If your HVAC is neglected and hasn’t been maintained throughout the years, your home warranty won’t cover the damages.
Damages due to extreme weather such as floods, strong winds, or storms aren’t covered by home warranties either. If your HVAC is damaged due to a circuit overload or power failure, your home warranty won’t cover the repairs either. Home warranties are very particular that they only cover repairs or replacement when damages are due to everyday wear and tear.
A home warranty is still quite valuable as many HVAC systems breakdown after years of being used. Be sure to save all the paperwork related to ongoing maintenance. Your insurance company will require proof of maintenance before they cover repairs or HVAC replacement. Getting your HVAC replaced in this situation will be covered by your home warranty. It’s important to note, however, that any modifications required to install a new system will not be covered and will have to be paid for out of pocket.
A homeowner’s insurance policy is different from a home warranty. In a homeowner’s insurance policy, damages due to extreme weather and physical damages are covered. If you’re looking for almost complete coverage of your HVAC system, you might want to get a home warranty and homeowner’s insurance. Another term that people confuse with a home warranty is the manufacturer’s warranty. A manufacturer’s warranty is only for a limited period of time, often 5-10 years. It varies depending on the manufacturer and might only include specific components of your HVAC unit.
We can’t tell you if a home warranty is worth it. You need to assess the pros and cons and decide what’s best for your home. Now you have all the information and can make the best choice for you and your family.
