Standby generators are very useful, especially if you find yourself in an emergency without power. They also add value to your home, if selling is a possibility you're considering. But are they worth it to you and will they change your insurance policy?
A standby generator is permanent. They are built to last and withstand weather that may knock your main line out. Because of this, finding a spot for them might be difficult. It lives on a block of concrete next to your house. Then, if your power goes out, you flick a switch and it's ready to go.
What they are not is cheap. You're looking at a price range between $2,500 and a whopping $15,000.
Is it right for me?
A standby generator is its own insurance policy. You never know when the power might go out. If you live somewhere where outages and blackouts are common, or storms regularly restrict your day-to-day life, a standby generator seems like a good investment.
What you need to consider
Generators are sized according to wattage. How much will you need to power your home? Most generator suppliers will be able to survey your home and tell you the size you'll need. Next you'll need to think about what the generator will need to power. Lights? The refrigerator? Hot water? What is most important to you at the time of a crisis?
Calculate your costs
Have a think about what you'll need to put aside. Generators also run on fuel, so factor the fluctuation of fuel costs as a part of keeping it going. However, once it's set up you won't have to worry about being left in the dark again.
If you're considering a standby generator, call or email us about how it may impact your insurance policy.