Have you turned on your heater only to find out it isn't working?
You call a repair service and they tell you your system isn't repairable and needs to be replaced. Does your homeowner's insurance policy cover your HVAC system?
It depends on the reason for a malfunction.
You'll need to review your policy to see what it covers specifically. For example:
if your system is damaged by a fire, this may be considered a "covered peril" as identified in your policy. In this case, your policy may also cover other property damage related to this event.
Normal wear and tear on HVAC systems is the responsibility of the homeowner and not generally covered by a typical homeowner's insurance policy.
The average lifespan of an HVAC system ranges from 10 - 25 years, depending on your climate and type of system. So, it's wise to create a long-term budget to set aside funds for replacement.
As an alternative, you might consider purchasing optional home warranty or equipment breakdown policies to cover your HVAC and other major home appliances.
Of course, the key to making your HVAC system last is proper maintenance: seasonal professional maintenance and periodic filter replacement.
Have questions about homeowner's insurance? Call me at 706-726-1446. I'll be glad to review your policy with you.