From time to time, the HVAC systems might be damaged and need repair or replacement. Getting the funds for this can sometimes prove to be very frustrating. However, you can put your mind at ease by having your HVAC system covered. Homeowners insurance offers to ensure your HVAC system and incur the cost of the repairs. However, there are instances where a claim is not eligible. These instances include intentional damage to the HVAC system or damage due to old age.
If your HVAC unit sustains damage from an event covered by your policy, you should estimate the repair cost and weigh it against the policy deductible. In case it is higher than the deductible, you may consider filing a claim.
Take pictures of your HVAC unit, note down the serial and model number, state the cause of the damage, and then call the insurer. An adjuster will then visit your home to evaluate the damages sustained and make a cost estimate of replacement or repair. It is advisable to meet the adjuster and ensure that no damage is missed or overlooked during the assessment.
If your homeowners insurance policy covers replacement, the insurance will reimburse the replacement cost. If the policy also covers actual cash value, the insurance will reimburse the unit’s market value at the time of loss.
Understanding what your homeowners insurance covers and maintaining your HVAC unit can save you from costly repairs in the future. Contact the experts at Christian Heating & Air Conditioning and schedule your next service.