British households facing up to possible boiler bother
Published by Sarah Ashcroft
With the winter just around the corner, property owners in the UK have been warned of some of the issues they are likely to face.
Consumer website uSwitch.com has published figures that show two in ten households suffered a broken boiler last year, with the average cost of repairing this coming in at £314.
More than a third (36 per cent) of people have boiler cover in place, but many others will have to pay a hefty bill if their boiler goes wrong. Some 27 per cent of people even suggested this type of cover is a must.
With boiler insurance costing as little as £52 a year, it can be well worth investing in it rather than running the risk of having to pay for a repair. It is at this time of the year that many people switch their heating systems back on, only to find they have a problem.
Tom Lyon, energy expert at the website, said: "In these cash-strapped times, going without boiler cover can seem like an easy saving to make. However, it is a gamble which can leave you out of pocket if your boiler packs up and you don't have money spare to pay for repairs."
Such a scenario may be of particular concern to landlords, as having to pay out for an expensive boiler repair job could make a significant dent in their monthly rental income. As such, having cover in place or even splashing out on a new boiler might be a good idea.
Providing tenants with a functioning boiler that will keep the home warm and ensure hot water is available is a must for all landlords, so attention should be focused on this area when possible.
In these difficult economic times, it can be a case of balancing necessities with financial muscle, as 37 per cent of respondents to uSwitch.com's survey said they cannot afford boiler cover at the moment.
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Published on: October 8, 2013
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