Asked this originally in the fall in another thread without any responses.
Our insurance company is now refusing to renew our home policy unless we change our water heater.
It works perfectly (knock wood). But is quite old. Manufactured in Southern Ontario.
There are only 2 of us at home now. Do not plan to stay in this house more than another 5 years.
Based on the home's age and location and what is going on in our neighbourhood whoever buys it almost certainly 'gut' it.
So the company that we have been 'renting' the water heater from for decades say that they will replace it with another rental, waive our rental fee for 6 months and we will have the same monthly rental payments.
Or we can upgrade to a tankless rental for about another $30 per month.
Or we can purchase from them and they will supply and install for about $1,600 with a one year warranty installation warranty and a manufacturer's warranty on the tank.
Our local independent HVAC says that if we purchase a water heater he will install it. His installation fee and the purchase price is about the same as from the 'big guys'.
What are your recommendations and/or experiences?
Our insurance company is now refusing to renew our home policy unless we change our water heater.
It works perfectly (knock wood). But is quite old. Manufactured in Southern Ontario.
There are only 2 of us at home now. Do not plan to stay in this house more than another 5 years.
Based on the home's age and location and what is going on in our neighbourhood whoever buys it almost certainly 'gut' it.
So the company that we have been 'renting' the water heater from for decades say that they will replace it with another rental, waive our rental fee for 6 months and we will have the same monthly rental payments.
Or we can upgrade to a tankless rental for about another $30 per month.
Or we can purchase from them and they will supply and install for about $1,600 with a one year warranty installation warranty and a manufacturer's warranty on the tank.
Our local independent HVAC says that if we purchase a water heater he will install it. His installation fee and the purchase price is about the same as from the 'big guys'.
What are your recommendations and/or experiences?
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