Will Homeowners Insurance Pay For A New Furnace?

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   HDA Insurance Brokerage

   Director, HDA Insurance Brokerage, California

   A homeowners insurance policy will pay to replace a furnace if damaged or destroyed by a covered loss.  For example, if the furnace is damaged from fire or water damage, it would be replaced.  If this question is aimed at replacing a furnace due to breakdown, the homeowners policy is not a home warranty policy.  A home warranty policy should be reviewed regarding coverage for the maintenance or replacement of the furnace.  In a few States and with select companies, there may be a Home Warranty endorsement available which may be purchased as an addition to the homeowners policy; however, this is rare.

   Answered on September 26, 2013

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