Is Boiler Cover Worth the Money?
Boiler cover policies cost £50–£300 per year. The average boiler repair costs £300. So is cover worth it?
The Maths
If your boiler needs one repair every 3 years at £300 average, your annual 'risk' is £100. Cover that costs more than £100 per year is statistically a bad deal for most people.
When Cover Makes Sense
- Boiler is 7+ years old (higher breakdown risk)
- You're a landlord with multiple properties
- You have no savings buffer for emergency repairs
- You rent and your landlord won't act quickly
When to Self-Insure
- Boiler is under 5 years old and under warranty
- You have savings to cover a repair bill
- Your boiler has a good reliability record
#boiler cover#insurance#cost comparison