Managing heating, ventilation, and air conditioning system poses danger to your house. For example, they can cause gas leaks (that can lead to a huge explosion) or cause an electrical fire. Both of these can burn down your house or cause serious injuries. At the same time, aging systems are also prone to frequent breakdowns. This is why you should expect some serious questions from the underwriter if you have an aging HVAC system and wish to purchase home insurance. Here are some of the issues the underwriter may address:
Type of Fuel You Use
The type of fuel is important since it determines how dangerous a leakage would be; not all fuels are created equal. For example, heating oil ignites at a higher temperature than natural gas, and this makes the latter more dangerous. At the same time, it's easier to notice a leaking oil (via odor or soot) than it is to notice leaking natural gas. This makes an aging heating system that is powered by natural gas more dangerous than a comparable system powered by heating oil.
If you have an aging system, chances are high hat it has been updated or repaired several times in the past. The updates can make the system safer or more dangerous depending on what they entailed and how they were performed. For example, a professional HVAC technician can renovate or rebuild your furnace so that it becomes as safe and efficient as a new one. At the same time, DIY updates may even make your system risky to use. Therefore, the underwriter will need to know all these things so that they can judge how safe the system is.
Expect to answer questions about any specific failures your system might have experienced. This insurance company will use these to evaluate the probability of future problems or the cost of insuring your house (and by extension the heating system). For example, an aging system that has experienced a series of small breakdowns in the recent past is probably overdue for a major breakdown.
The Maintenance Schedule of The System
Lastly, the underwriter will also need to know how frequently the system is maintained and what the maintenance schedules involve. This is necessary because maintenance is one of the best indicators of the condition of an HVAC unit. An old but properly maintained unit may be more reliable than a relatively answer unit that isn't properly maintained.
You know your HVAC's condition's best; how reliable do you think it is? If you suspect you have a dangerous heating system, you should also expect relatively high insurance rates. Fortunately, you can minimize the effect of your HVAC's age on your home insurance rates by servicing it before requesting for quotes.