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Protection plan for new boiler

Any advice on whether to opt for a protection plan for a new boiler?

Comments

  • Wywth
    Wywth Posts: 5,079 Forumite
    Any advice on whether to opt for a protection plan for a new boiler?
    It's up to you. It's just another type of insurance.

    I prefer to put the monthly premiums I would otherwise pay into a savings account to spend should I ever need help, or to enjoy at my leisure as I want.

    But that may not suit everyone. Some prefer the security they think such insurance provides them (but make sure you read and fully understand all the terms & conditions if that applies to you)

    As it's a new boiler, are you sure there is no cover currently in place? e.g. maufacturer's and or supplier's/installers guarantee?
  • macman
    macman Posts: 53,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Since new boilers have a manufacturer's warranty of between one and five years (and rarely less than two), what would be the point?
    You'd be paying for cover you already have.
    No free lunch, and no free laptop ;)
  • daveyjp
    daveyjp Posts: 13,210 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If the new boiler has a warranty of less than 5 years don't buy it. Some now have 7 year cover.

    Over the warranty time save the money you would pay on a service plan and once the warranty is expired you have a repair fund of a few hundred quid.
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