Will My Insurance Cover a New Home HVAC System?

If you own a home and are still paying off your mortgage, there’s a good chance you have homeowners insurance, as many lenders require homeowners insurance for the length of the mortgage. When you have homeowners insurance and your HVAC system needs to be replaced, you’ll likely want to know if the insurance will cover the costs of a new HVAC system. Though homeowners insurance has multiple restrictions on when it will pay for a new system, it’s important to know when it will cover the expenses of HVAC replacement services.

When Will Homeowners Insurance Usually Cover a New HVAC System?

If you have a homeowner’s insurance policy and your central HVAC system is damaged, your policy may cover the costs of replacing it with a new model. Typically, a homeowner’s insurance policy will only pay for a new model if your AC was damaged due to a covered disaster or peril. For example, central HVAC damage due to fire, hail, high winds, fallen trees, vandalism, and theft are often covered by homeowners insurance.

After you file a claim and are approved, your homeowners insurance will pay to replace your unit. Keep in mind that most of these policies will only pay up to your coverage limit, so if a new HVAC system costs more than your limit, you’ll have to pay for some of it yourself. Additionally, it’s important to review your homeowners insurance policy to see what sort of damage it covers, as many policies don’t include coverage for floods or earthquakes.

Will Homeowners Insurance Pay to Replace My Air Conditioner?

However, when you damage your HVAC unit on your own or it gets damaged due to something not listed in your homeowner’s insurance policy, your provider will probably not pay. Since homeowners insurance usually only insures policyholders from unexpected dangers, it won’t pay for repair and replacement costs when you’ve damaged your HVAC system or if it’s reached the end of its lifespan. If you have homeowners insurance, don’t expect it to cover wear and tear, owner neglect, or certain natural disasters like flooding.

Are There Other Ways to Cover Your Home’s HVAC System?

While homeowners insurance won’t always cover the costs of a new HVAC system, you have a couple of ways to reduce the expenses of replacing your system. For instance, home warranty insurance plans will cover major home systems and appliances, such as your HVAC system. Unlike homeowner’s insurance, home warranty insurance isn’t required by most lenders and will usually cover the costs of repairs and replacement services when your HVAC system is damaged due to standard wear and tear.

Another way to afford the costs of a new HVAC system is with financing services from a trusted HVAC company. With financing services, you can receive affordable HVAC install services and not have to worry about going without cooling or heat. Though financing services aren’t an insurance policy, they help offset the costs of a new HVAC system by providing you with a loan. Instead of making you pay thousands of dollars all at once to buy a new system, financing services offset those costs and allow you to make lower long-term payments.

Choose Bonney for New HVAC System Installation and Replacement Services in Sacramento

If your HVAC system needs to be replaced and you’re looking for new HVAC service near you in Sacramento or the surrounding areas, Bonney can help. Whether you have coverage or not, our team can remove your old system for you and assist with selecting a cost-effective and energy-efficient new model. Once you’ve made a decision, we’ll install it in your home. Since we know HVAC systems can be expensive, we offer multiple coupons and financing services to ensure you can purchase a new HVAC system while staying within your budget.

Learn more about our HVAC replacement services today. If you have any questions or want to schedule an appointment, please contact us.