Boiler insurance is simply an insurance plan that covers equipment breakdown for boilers in a business or home environment, states Traveler's Insurance. Boiler insurance typically includes the cost of repairs or replacement of the boiler or related systems, when required.
A home-appliance repair plan for heating and cooling systems can also include the repair or replacement of a boiler, according to Public Service Enterprise Group Incorporated. Depending on the type of insurance plan chosen by the consumer, replacement can include the boiler itself, water heaters, central air conditioning systems, heat pumps and air-quality systems. This type of insurance helps offset costly repair bills with the low, monthly premium cost of the insurance plan. Some companies specialize in this type of insurance plan specifically, while other insurance companies offer a wide range of coverage.
Typically, most standard homeowners insurance policies provide dwelling coverage that extends to plumbing, electrical wiring, heating and air conditioning, states Traveler's Insurance. However, the damage must be caused by a covered cause of loss. However, not all types of natural disasters, such as earthquakes or flooding, are always covered, states Allstate Insurance. It is best to thoroughly discuss insurance options with an insurance agent, as additional coverage is available.