Installing a new residential HVAC system may warrant additional insurance coverage. Begin by assessing the components of the new HVAC system you plan to install. Then, include these parts in your home insurance policy.
HVAC Components
Some of the primary HVAC components include the duct pieces, condenser unit, thermostat, heat exchange system, and evaporator coil. Many HVAC parts encompass mechanical equipment that could sustain damage over time.
Assessing your HVAC system can help you identify parts that are most prone to damage. These components should be protected under your home insurance policy.
For example, if the condenser unit is installed outdoors, it may be at risk of damage from falling tree limbs or adverse weather events. Based on the outcome of your assessment, decide which HVAC components need to be incorporated into your existing homeowner’s insurance policy.
System Upkeep
Regular maintenance of your HVAC system is imperative. Scheduled servicing could prevent premature damage to the unit, which could, in turn, reduce instances requiring you to file an insurance claim.
HVAC System Upgrades
If you choose to upgrade your HVAC system in the future, a subsequent assessment would be necessary. Different types of HVAC equipment may require various levels of insurance coverage.
Your Checklist
Incorporate your HVAC unit into a checklist that includes other household items insured. Employ this checklist during inspections of items covered by your existing home insurance policy.
Contact Innovative Insurance Resources for Insurance in Hawaii
If you need to insure your new HVAC system or have any questions about insurance, contact one of our agents at Innovative Insurance Resources. An agent serving Honolulu, HI, will gladly assist you with your home insurance questions or concerns.
