New research by comparison site uSwitch reveals that 52% of UK households would resort to using funds from their savings if their boiler was to breakdown.
Alternatively, 13% of households would take out a credit card or bank loan to cover the cost of repair.
This research comes to light as uSwitch encourage consumers to consider boiler cover as a way of protecting themselves against hefty, unexpected bills, as they report that UK homes have paid over a massive £787 million for boiler repairs in the last year alone.
The research also revealed that:
- One fifth of homes (almost five million) have experienced one or more boiler breakdowns in the past year.
- The average repair bill for these breakdowns was £270, but for 25% of those experiencing a breakdown, the repairs cost more than £1,250.
What would you do in the event of a boiler breakdown? According to research by Direct Line for Business, February is the worst month for boiler breakdowns, so if you’ve been lucky enough not to experience boiler issues so far, it may well be on the horizon!
Thankfully, our customers are safe in the knowledge that we’ve got their breakdown covered from as little as £4.95 month. You can check out our range of cover plans here. Or, get in touch with our friendly team on 0345 3192 247.