Does Homeowners Insurance Cover HVAC Units?
The HVAC (heating, ventilation, and air conditioning) system in your house is an essential part of maintaining a comfortable home temperature. It is similar to other types of equipment as it is susceptible to being damaged. No matter how hard you try to maintain your HVAC system properly, there may be situations out of your control. This is why it is important to know what is covered in your homeowners insurance policy.
If you have a standard insurance policy, it should cover your HVAC system. Your policy may cover common disasters and damage resulting from something other than negligence, deliberate action, or normal wear and tear. Take the time to learn what your policy covers on your HVAC unit. It could prevent expensive purchases or repairs of a covered HVAC situation.
Your policy should cover major incidents such as a fire. This coverage should include your home's HVAC system. It might not cover situations resulting from deliberate or negligent action, however. If a fire in your home is caused by getting struck by lightning, it will likely be covered. Should the fire have started because of a faulty appliance or substandard electrical system, it may be challenging to get an insurance company to cover it.
Wind and Storm Damage
If your home is in an area that experiences strong winds or tornadoes, your HVAC system could be vulnerable to damages. If you did everything possible to ensure your outdoor unit is secured, your insurance provider could probably cover a replacement or major repairs.
Damage from Falling Trees
There have been homeowners who have had their HVAC systems damaged by a tree that has fallen. This is often caused by a bad storm, but there have also been other causes. An underwriter from the insurance company will determine the reason for the tree falling. If the fallen tree was healthy, there should be no problem getting coverage. If the tree was diseased, it could be determined that you were negligent. The insurance company may believe you could have prevented the damage by removing the damaged tree on your own.
Once you file an insurance claim to repair or replace your HVAC system, an insurance company's adjuster will evaluate the damage. They will estimate the amount of money required for the replacement or repair of the HVAC system. You could be reimbursed for the cost of replacing or repairing your unit, up to its value, at the time of loss. This happens if your policy covers replacement value. You could be reimbursed for the HVAC system's market value if your policy covers its actual cash value.
If you have any questions about the damage(s) to your HVAC system, call Robert Bair Plumbing Heating & Air. We are a licensed HVAC company that has the experience to evaluate your situation and provide a fair estimate of any necessary repair or replacement. Call today to learn how we can help.