Pro Guide to Buying a Heat Pump Warranty

When purchasing any large investment, it is important to research the product thoroughly. This includes reading reviews, evaluating historical performance, examining fees and costs, diversifying your portfolio, and seeking professional advice.

A heat pump warranty is one such purchase that requires careful consideration. This article will cover everything you need to know about buying a heating and cooling warranty: Cost, coverage, exclusions, and availability.

Cost

Buying a heat pump warranty is an investment. This is because it’s a way for both the manufacturer and your HVAC installation team to promise you that the system will perform as intended — providing heating and cooling.

The cost of a warranty varies, depending on the company and coverage option you choose. However, it’s important to note that the cost of a warranty does not necessarily add to the total project costs. You can also find ways to offset the cost of a heat pump installation and repair through manufacturer rebates, utility company incentives, financing options through your dealer, or lease-to-own arrangements.

Home warranties are usually offered for a monthly fee, and they may require that you have one of their preferred service providers come out to assess the system before any repairs can be completed. You can find information about the cost of home warranties by researching different providers online. They are typically administered by third party administrators, insurance companies, manufacturers, or contractors.

Coverage

A heat pump warranty offers you a variety of benefits. It covers the cost of parts and labor, which can be expensive. It also ensures that your system is repaired by licensed HVAC professionals and not friends, neighbors or family members who may not be qualified to perform certain tasks.

Most new heat pumps come with a standard parts warranty provided by the manufacturer. Reputable installing companies that complete manufacturer training and seminars may offer up to a 12 year parts warranty.

Warranties are a way for both manufacturers and installation companies to guarantee that their products are of high quality and will work as intended, providing heating and cooling. However, these warranties are only valid if basic maintenance is performed regularly. If you’re purchasing a home with a new warranty, ask for receipts and records of maintenance. If you have your own warranty, save copies of your receipts and maintain a calendar of maintenance to keep your warranty active.

Exclusions

Depending on the manufacturer, some warranty policies exclude certain parts or repairs. For instance, sheet metal may not be covered, while other parts like capacitors and contactors are typically included in the coverage as part of regular maintenance. Make sure you read the fine print to understand what each policy covers and what it doesn’t.

Most heat pump manufacturers’ warranties cover parts, on-site labor costs, and heat exchangers. They do not, however, cover expendables such as glue and refrigerants and transportation charges for factory technical representatives. Additionally, a warranty may not cover damages caused by non-authorized installers or the use of parts or accessories that aren’t approved by the manufacturer.

A heat pump is a big investment that needs to work well all year long. A warranty offers peace of mind that the system was installed correctly and will deliver efficient heating and cooling to your home. Make sure you understand your coverage and keep records of any repair or damage claims.

Availability

A warranty from a home warranty company can extend coverage for your heat pump after the manufacturer’s warranty expires. Some warranty providers even provide routine maintenance for a small fee. Make sure to read the terms and conditions carefully. Some warranties only cover repairs done by licensed technicians. Others exclude repairs performed by unlicensed contractors.

Warranties are a way for manufacturers and installation companies to promise that a new heat pump will be reliable as both a heating and cooling system in your home. When you choose the right warranty for your home, it can be a wise investment.

A labour warranty is typically separate from a parts warranty and covers the labor charges to replace your heat pump’s components should they fail. Many installers include labour warranty as part of the installation price, while other installers offer it at an additional cost. Be sure to ask about these options when choosing a heat pump installation company.