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Does Homeowners Insurance Cover HVAC Units?

November 19th, 2020 by Emily Mixter

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Homeowners insurance can meet costs if your HVAC unit suffers damages from perils. Examples of hazards include fire, explosion, falling objects, and hailstorm. However, there are instances that the insurance won’t meet the repair or replacement costs. We take you through what homeowners insurance covers and the exceptions.

When Homeowners Insurance Covers HVAC Units

Homeowners insurance comes with two primary types of coverage. The dwelling coverage pays for the built-in repair and replacement expenses. Thus, when hail damages the central air conditioning unit, you can receive reimbursement. Typically, the HVAC unit is part of your home’s structure; hence, you will receive the payment.

On the flip side, personal property coverage meets expenses that emanate from falling objects. For example, when a tree falls on the built-in AC unit, your insurer will cover the damages. Plus, you can get paid to repair or replace the window unit. The primary reason is that the items are your personal possessions.

What the Insurance Excludes

Homeowners insurance doesn’t cover wear and tear in your HVAC system. For instance, if the unit fails to work due to certain components, you won’t access the coverage. When the fan is broken, and the evaporator coil is frozen, you will cater to the repair costs.

The good news is that you can avoid using your money by scheduling regular maintenance. You can call our experts at least twice a year to inspect and tune up the heating and cooling unit. This way, the system won’t experience any wear and tear that the insurance excludes.

Filing an HVAC Insurance Claim

For starters, the HVAC system damages should fall under the hazards that the insurance covers. It can be hail or falling objects, as we have discussed above. If the damage expenses are higher than the deductible, you are eligible to file a claim. The bright side is that we can help you evaluate the damage and estimate replacement and repair expenses.

Your policy can reimburse you using the actual cash value and replacement value options. As for the actual cash value, your insurer can give you a payment that reflects your HVAC unit’s market value. The replacement value means that you will receive money to cater for the system’s replacement costs.

Therefore, it is vital to know what your policy covers to get the correct reimbursement. Perils can also come from lightning strikes, windstorms, water damage, and vandalism. Homeowners insurance will meet the expenses unless it is wear and tear.

Contact Us Today!

Homeowners insurance covers your HVAC through the dwelling and personal property policies. You will get either the actual cash value or replacement value based on the damage extent. Maintain your HVAC unit from wear and tear by contacting us at Thornton Heating Service today!