An Extended Warranty Offers Peace of Mind
December 17, 2014
When is the last time you thought about your furnace?
Tucked away in a corner of the basement, furnaces really do fall into the category of “out of sight, out of mind.” If you’re like most people, the last time you seriously thought about your furnace was the last time it gave you trouble. We are also willing to bet that the last time it gave you trouble you groaned about the cost of repairs.
Nowadays, it is almost standard for furnaces to come with a manufacturer’s warranty covering one year for parts and labour and 10 years of parts. This may sound like a good deal, but remember that almost nothing ever goes wrong with a new, properly installed furnace. Problems almost exclusively arrive later in your furnace’s life due to wear and tear on the system. This is why most HVAC companies will suggest an extended warranty purchase with your furnace installation. The average extended warranty offered by Hogg covers 10 years parts and service and costs about $400-$500.
On average, people don’t end up using their warranties until five years down the road. This means that the one year manufacturer warranty on labour is long expired by the time you have an issue. Every time you call for an emergency service you are paying about $150. It is not uncommon for households to require service calls every 1-2 years after the furnace turns five. If we do the math that means it will only take three service calls to break even on your warranty. Proper maintenance can help stave off many issues, but when the time comes, the labour warranty provides peace of mind.
We like to help customers make the best decisions for their home and we believe extended warranties pay for themselves through more than just service calls. The security offered by an extended warranty can help stave off many unexpected costs in the future.
Posted in: Heating, Home maintenance tips - Tagged with: American Standard, baeumler, Cambridge, Elmira, emergency service, extended warranty, furnace, Guelph, Hogg, Home, house, HVAC, Kitchener, licensed, Local, Mechanical, peace of mind, service calls, trusted service, warranty