Can Your Home Insurance Cover Your HVAC System?

Can Your Home Insurance Cover Your HVAC System?

What does your home insurance policy cover when it comes to your HVAC system?

Most homeowners assume that their home insurance in Astoria, New York will cover every aspect of their property.  As your HVAC system is an integral part of your home, it seems natural that your policy would extend coverage to your home’s heating and cooling elements.  However, home insurance policies do have some limits when it comes to HVAC systems.  Here’s what you need to know about your home coverage.

  • AC Unit or Furnace

If your AC unit or furnace is damaged by a covered peril, then your homeowners insurance will likely cover it.  However, if your AC unit or furnace breaks down due to age or internal malfunction, then your home policy will not offer coverage to repair or replace it.

  • Window AC Units

While central air conditioning systems are considered part of your home in the eyes on insurers, window units typically fall under the category of personal property.  This means that your window AC unit will only have coverage for named perils and you may be subject to certain personal property coverage limits.

  • Damage Caused by AC Units

Air conditioners create water as they operate and, if they are not properly maintained, this can result in water damage to your home and personal belongings.  However, because this damage is considered a result of your lack of care, it will not be covered under your homeowners insurance policy.

  • Damage Caused by Furnaces

If your furnace malfunctions and causes a fire in your home, then your home insurance will cover these damages because fires are typically covered perils.  However, the cost of replacing your furnace will not be covered.

This is what your homeowners policy will cover when it comes to your HVAC system.  Do you have more questions about your home insurance in Astoria, New York?  If so, then contact the experts at 01 Insurance.  We are ready to assist you with all your home coverage needs today.