Landlord Boiler Insurance?
Is Landlords Boiler insurance worth it?
Getting your boiler fixed can be costly for landlords. Anywhere from a minimum £60 call out fee to £350 if a landlords heat exchanger needs replacing. That is if a landlord can get someone out to fix it at all. If not a landlord’s tenants could be without hot water and heating for an unacceptably long time.
Reliability data gathered by Which in 2006 found nearly one in three boilers up to six years old breaks down. This is high compared to most domestic appliances.
In the UK we now fork out a billion pounds a year on boiler insurance. Figures indicate that 10 million households take out boiler insurance but is all this extra expense on boiler cover worth it?
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