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Does Homeowners Insurance Cover HVAC Units?
The cost to repair or replace a badly damaged HVAC unit can be a little pricey. Today, not everyone has that type of money set aside for such a repair. Fortunately, depending on what damaged the HVAC unit, homeowners' insurance may cover some of the costs.
HVAC Systems Fall Under Dwelling Coverage
Insurance coverage for an HVAC system falls under the dwelling coverage of a homeowners' policy. Your home's furnace and central air conditioning units are considered built-ins and are part of your home's structure. Dwelling coverage helps pay for repairs or replacements of parts of your home that are damaged by a sudden hazard like a fire, explosion, or damage from falling objects.
What Damage Scenarios with Homeowners' Insurance Cover?
The dwelling coverage in your homeowners' insurance may cover damage to your central air conditioning unit if it is damaged in a hailstorm. You should check with your insurer to ensure that you are covered for hail damage and what your deductible is.
If a tree were to fall on your HVAC unit during a storm, it would most likely be covered. Your insurer may pay to repair or replace it depending on the extent of the damage.
If your home were to suffer a fire, your homeowners' insurance should cover the cost to repair or replace your HVAC units if needed. It is always good to review your coverage each year to understand if your insurer will or won't pay for it.
Insurance Will Not Cover Loss from Wear and Tear
A standard homeowners' insurance policy will cover damage to the structure of your home that is not caused by a flood, earthquake, or routine wear and tear. If you live in a flood-prone area, you may need to also carry flood insurance, which might cover your HVAC system if it is damaged or destroyed by water.
Homeowners' insurance will not cover repairs or replacements if:
- Furnace or air conditioner if it is damaged because you did not properly maintain it
- HVAC units if they have reached the end of their useful lifespan
- Units' repairs that are considered normal wear and tear, like a frozen evaporator coil, broken fan, or other repairs
For these reasons, having your HVAC system maintained each year could help you prevent costly damage from neglect. It also makes you aware of when your system is reaching its end of life so that you can prepare for it beforehand.
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