In any case, you should talk to your insurer to find out the age limits and deductibles in the part of your homeowners insurance related to hot water heaters.įor your peace of mind, whether you want to replace your hot water tank or you just have some questions regarding its condition, call on the professionals at Plomberie Roger Chayer Inc., and they’ll be more than happy to assist you. Therefore, to meet the requirements of insurers and to continue benefiting from their protection, you must replace your water heater once it exceeds the covered age (10 or 12 years), even if it still works perfectly well. Water heaters typically last 8-12 years, but there are instances when they can last much longer. Some companies may allow a water heater that’s up to 12 years old, but with an average deductible of $5,000 in the event of a claim. This modification followed that of the manufacturers, which now only guarantee their tanks for a maximum of 15 years.įurthermore, insurers must consider the increasingly steep financial consequences of water damage caused by a ruptured or leaky tank, as water heaters have become more common in condominiums, which have also become more common.Īs a result, most insurance companies require their clients to replace their hot water tanks after 10 years otherwise, they won’t be covered under their homeowners insurance in the event of water damage. Several years ago, insurance companies lowered the insurable lifetime of water heaters from 20 years to 10 or 12 years. Residents live in cities built upon whatever urban structures remain above the water’s.
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