Released on: November 3, 2009, 7:32 am
Author: uSwitch.com
Industry: Energy

•Financial gamble: number of people taking out heating cover on their boilers has dropped 40% in the last year

•Safety gamble: 42% ignore industry safety advice to get boilers checked once a year, risking carbon monoxide poisioning

•No peace of mind: two thirds of households (65%) don’t have any form of emergency heating cover

•Paying the price: nearly one in three boilers breaks down within six years of being installed, cost of replacing four key boiler parts can reach £1200.

As winter bites and with people still feeling the bitter chill of recession, new research from uSwitch.com, the independent price and comparison switching service, reveals a 40% drop in the number of people taking out or renewing heating cover compared to this time last year. As a result more than two thirds (65%) of households do not have any type of heating or boiler cover in place, potentially taking a risk with their finances and their health.

Nearly one in three boilers breaks down within six years of being installed, and the cost of repair can spiral up to £1,200 to replace the four key boiler parts. In comparison, the average yearly cost of heating cover comes in at £122 or just over £10 a month.

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