Britons warned of boiler mistake that could be adding up to £500 to your energy bills | Personal Finance | Finance newsbhunt


A boiler warning has been issued by experts over a mistake costing UK households over £500.

Homeowners have been urged to check their boiler or home insurance policies as a result.

Angela Pilley, home insurance expert at Defaqto, said:“We know that the cost of living is forcing people to make difficult decisions when it comes to prioritising their household budgets.

“The danger is that a short-term saving, by missing a boiler service or turning your heating off altogether, could be costly in the long run.

“It’s always important to check the terms and conditions of your insurance policy to avoid unwittingly invalidating your cover.”

The research revealed that just under half (46 percent ) of policies will not cover a boiler over a certain age.

According to the Defaqto data, the maximum age for a boiler is 15 years for 25 percent of policies, 14 years for 15 percent of policies, 10 years for five percent of policies and just nine years old for one percent of policies.

With households increasingly worried about the cost of living, experts are concerned that some moves to make short term savings could prove to be costly in the long run

According to Compare the Market, if someone does not have insurance the cost to fix a boiler could roughly reach £500 however it could be even more.

This is because the cost to fix a boiler will depend on a range of factors, including where someone lives, what kind of boiler they have and what the problem is.

Ms Pilley noted that some insurance policies also specify a limit on the boiler’s power output, with upper limits ranging from 75kw down to 44kw.

She added: “It’s important to check the terms around how long you can leave your home unoccupied, especially during the winter months. Many have restrictions in cover or specific requirements around maintaining your heating at a minimum temperature if your home is left unoccupied for more than a specified period of time, typically 30 days or more.

“A small number of providers are now introducing additional terms for escape of water claims which apply during the winter months.

This relates specifically to maintaining your heating above a minimum level even if you are only going to be away for a short period of time, for example, three to seven days.”



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