Does Homeowner’s Insurance Cover Air Conditioning Repair?
Many people with their own homes worry about air conditioning repair costs, and wonder if their homeowner’s insurance covers this area. The simple answer is yes and no. If you have a natural disaster, fire, or some other catastrophe, and your air conditioner gets destroyed or damaged along with your home, then you are covered by your insurance. However, in many cases where it is just the air conditioner that is broken, or has a problem, then your homeowner’s insurance does not cover the repair costs. There are other ways to cover these costs.
When it comes to air conditioning repair, there is another kind of insurance that homeowners can buy. It is called major appliance insurance. This insurance has been advertised in the media and can be obtained online, or you can also ask your current insurance agent about it. What appliance insurance does is cover all of your major home appliances from your refrigerator, to your air conditioner, and most large appliances in between. How it works is if you have any kind of problem with your air conditioning unit, no matter what time of the day or night, you call the insurance hot line, let them know the nature of the problem, and they call a technician to come and fix it for you. This can come in handy in the middle of the summer, when you unit breaks down.
How much you will actually pay for air conditioning repair when it comes to appliance insurance depends on the coverage, and the deductible. If you want, you can pay a higher premium with no deductible, and if you need someone to come out and fix it, you will have no out of pocket expenses. The higher the deductible, the more you will have to pay for repairs, it’s just that simple.
Another way to cut down on these costs is getting an extended warranty on your unit when you purchase it. While many air conditioners come with at least a two year warranty, in many cases you have the option of an extended warranty, which can extend it up to twice as long as the regular warranty will. Now this may cost extra, in some cases up to $100, but considering how much repair costs are, this is a small price to pay for added peace of mind.
So as you can see, there are ways to get around your homeowner’s insurance when it comes to air conditioning repair costs. In many cases, the newer the unit, the more efficient it is, the easier and cheaper the coverage will be, and the length of the warranty will be longer. The older the unit, the harder it is to find parts for, and it may take longer for the technician to find the problem. A new more efficient unit will not only cut down on your repair costs, but also save you money because it will work better, and use less energy.
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