Your furnace is an essential part of your home, and when it breaks down, you need to know that you can rely on your home warranty to get it replaced.
However, many people don’t realize that their home warranty may not cover the cost of a new furnace.
If you’re wondering how to get a home warranty to replace your furnace, read on for some tips.
In What Situations Will Home Warranty Cover the Cost of a New Furnace?
Furnaces last 20 to 30 years, but this can vary depending on the make and model and how well they’ve been maintained.
Most home warranties will only cover the cost of a new furnace if it breaks down due to normal wear and tear.
So if your furnace is more than ten years old, it’s likely that your home warranty won’t cover the cost of a replacement.
However, there are obviously some exceptions to this rule. For example, some home warranties will cover the cost of a new furnace if it breaks down due to a manufacturer’s defect.
Additionally, some home warranties have an “age limit” for coverage. This means they will only cover the cost of a new furnace if it’s less than a certain age (usually 10 years).
Finally, it’s essential to remember that not all home warranties are the same.
Some may have different rules and coverage limits, so it’s important to read your policy carefully before assuming you’re covered.
The Process of Getting a New Furnace Through Home Warranty
If you’re covered by a home warranty, the process of getting a new furnace is relatively simple and requires 5 steps:
- If your furnace breaks down, the first thing you’ll need to do is contact your home warranty company.
- The company will send a technician to your diagnose the problem.
- If the technician finds that the furnace is beyond repair, they will recommend replacing it.
- You will have to submit a request to your home warranty company for a new furnace.
- The company will review your request and, if approved, will provide you with a list of qualified contractors to install the new furnace.
It’s important to make sure that you may have to pay a deductible or service fee when getting a new furnace through a home warranty.
Additionally, you may be required to use a contractor from the company’s list of preferred vendors.
What Should You Do If Your Home Warranty Won’t Cover the Cost of a New Furnace?
If your home warranty doesn’t cover the cost of a new furnace, you can consider a few options.
First, you can, of course, try and negotiate with your home warranty company. If your furnace is less than 10 years old, the company may agree to cover the replacement cost if you pay an increased deductible or service fee.
Another thing is to purchase a separate insurance policy that will cover the cost of a new furnace.
This is known as “equipment breakdown insurance” and can be purchased from most homeowners insurance companies.
Finally, if you think you were misled about your home warranty coverage, you can file a complaint with your state’s attorney general or the Better Business Bureau.
Getting a new furnace can be costly and stressful, but it doesn’t have to be. If you have a home warranty, you may be covered for the cost of a replacement.
However, it’s important to understand your policy and what it covers before assuming you’re covered.
Shefali Jain is a Content Editor & Writer at National Planning Cycles.
After completing her graduation in hospitality, Shefali decided to follow her passion and started writing. Shefali has been writing for two years now and contributes to our website as a skilled editor and content writer with strong research skills. Writing product and service reviews, biographies, and book reviews are some of her key areas, among many others in which she specializes.