When it comes to your home or office, you want to make sure that everything is in order and in good working condition. That includes your HVAC system. If something goes wrong with it, you’ll want to know that you’re covered. So, what types of insurance cover HVAC systems in QLD? Keep reading to find out.
For Homeowners
When it comes to protecting your home, having the right insurance policy in place is essential. But with so many different types of insurance policies available, it can be difficult to know which one is right for you. Below are your most suitable options.
Home Insurance
One important type of coverage to consider is home insurance. This policy protects your home and its contents in the event of a fire, burglary or other covered incident. If you’re wondering whether your HVAC system is covered by your home insurance, the answer depends on the policy you have.
Some policies provide coverage for appliances and systems such as HVAC units, while others do not. Therefore, it’s important to read through your policy document carefully to see what is and isn’t covered. To add more, there are different types of home insurance that you may get such as the following:
Building Insurance
Building insurance is the type of home insurance that can cover a home’s structure including the following permanent fixtures:
- Roof
- Floor
- Walls
- Garage
- Cabinets
- Air conditioning unit
Air conditioning units are included in the coverage of this insurance if it is damaged due to fire, flood, earthquake, storm, lightning strike, and other natural calamities. However, it’ll not cover any damages caused by an accident or wear and tear.
Contents Insurance
Content insurance typically covers the personal belongings in your home such as furniture, computer, TV, and other valuable possessions. This insurance can also protect against theft, loss, or damage to your personal belongings.
Unfortunately, this does not include the coverage for permanent fixtures in the building such as the air conditioning unit. Only portable AC units can be covered by this insurance.
If you want to take this insurance and ensure that your HVAC system is also covered, you may combine this insurance with building insurance. Make sure to contact your insurance provider to know more about this option.
Landlord insurance
Another type of home insurance is landlord insurance, which is a combination of the two types of home insurance above. The only difference is that this covers losses that are caused by the tenant. This means that landlords will be covered by this insurance for damages that are caused by their guests or tenants during their stay on the property.
For Business Owners
HVAC systems are essential parts of many businesses like restaurants, office buildings, pharmacies, etc. Therefore, if your business is one of those who greatly rely on an HVAC system for smooth business operation, make sure that you have the right insurance that can cover any unexpected damages or losses.
Business Insurance
Usually, business insurance covers the building structure, but not the equipment or contents inside it like the HVAC system. That being said, if your HVAC units have been flooded, you’ll be paying for their repair or replacement, not the insurance company. However, there can be some exceptions and this can still vary per insurance provider.
So, make sure to talk to your business insurance provider to ensure what options they can and cannot provide you. Below are some of the common types of business insurance that may cover your HVAC systems.
Public Liability Insurance
Public liability insurance can protect you and your business from claims that are the result of injuries or accidents, which happened in your business place. For example, someone tripped and got hurt while they were in your office, or faulty equipment, like your HVAC system, has caused an accident to someone. Public liability insurance can cover these for you.
Product Liability Insurance
If you’re a business owner who either sells or manufactures a product with your company name on it, product liability insurance will be beneficial for you.
Should an unfortunate event happen, like a client of yours got injured or experienced any damages from the product you sold, this insurance can save you. It’ll cover the legal fees, compensatory costs, and other fees that are associated with the event.
Given this, if you sell, manufacture, or resell a product such as an HVAC system, having product liability insurance up your sleeves is a better game plan.
Disclaimer: The inclusions listed above are the typical general inclusions. However, insurance providers may have different policies, terms and conditions, and insurance prices. To ensure the specific details of your insurance policy, please discuss it directly with your insurance provider.
Contact A Professional to Come and Inspect The System for Damage
If your HVAC system has been flooded, it’s important to have it inspected by a professional before trying to use it again. Many things can go wrong with an HVAC system when it’s flooded. Below are some examples of it.
Ductwork
Duct insulation that has been flooded can be contaminated and become a breeding ground for microorganisms, which can cause health problems. That being said, flooded ductworks are not suitable for your health.
Gas Furnaces
Once floodwater enters an HVAC unit’s gas furnace, it’ll cause corrosion build up. This can lead to the unit’s decreased efficiency and safety issues.
Air Conditioning and Heat Pump System
When an air conditioning and heat pump system gets submerged in water for a lengthy time, its electrical components will experience shortages. This makes your HVAC system unsafe to use. The floodwater may have caused various damages that you can’t see, and using the AC could make the problem worse.
Only a licensed HVAC technician can provide you with the right assessment of your HVAC system. They have proper tools and skills that can tell whether your system can still be repaired or a replacement will be needed. Contact a local HVAC company to help in checking your flooded HVAC system for possible solutions.
HOW WE CAN HELP
Has your HVAC system been flooded?
Are you looking for the right insurance that can cover your HVAC system in QLD?
Do you want to know which type of insurance that is best suited for your safety needs?
Wahoo Air Conditioning can help you. Give us a call to get to know more about, how you can get your HVAC system replaced or repaired without spending from your pocket. Call 07 3889 4508 so we can further discuss your needs.
You may reach us via call or email to request a quote.
