What Is A Breakdown Cover?

2007-03-08 10:33:40

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A breakdown cover also known as a central heating breakdown cover, pays for the maintenance of main gas heating system that can include your controls, radiator, boiler, valves, pipes or hot water cylinder found in your home. Some insurance companies exclude LPG and warm air heating systems into the policy.

A breakdown cover can be purchased from an insurance provider, and usually includes services for emergency repair, parts and supplies required to make the repair, the labor costs and VAT. A breakdown cover provides you unlimited repair requests, up to a certain coverage amount. You will need to shoulder any excess amounts if the maximum coverage amount of the breakdown cover is exceeded. Your coverage starts from the day you make your first premium payment, and can be renewed annually. A site inspection is normally performed before you can renew your coverage.

A breakdown cover will not protect you from the replacement of your entire central heating system; however, a certain cash amount can be given by the insurance company to provide the insured some form of financial assistance. Central heating systems found in mobile homes, in commercial buildings and in multiple occupancy properties cannot be insured under a breakdown cover.

The cost of the monthly premiums of your central heating breakdown cover will depend on your maximum allowed coverage (which is the maximum repair value for a given year), the age, model and brand of your central heating system. A central heating breakdown cover can usually be renewed every year, and if unsatisfied with the insurance company’s services, a full refund of the premiums paid can normally be requested up to a certain specified period.

Purchasing a breakdown cover can assure be assured that repairs can be performed without being caught unprepared for any unexpected expenses. It is however recommended that before purchasing a breakdown cover that you compare breakdown coverage policies including the services that are covered by each insurance policy, and read the terms and conditions of the policy carefully before signing your insurance agreement.


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