HomeServe Marks 8th Annual National Tune-Up Day on September 25th

Rhea-AI Summary

HomeServe emphasizes the importance of HVAC annual tune-ups as winter approaches, urging homeowners to act before expensive repairs are needed. A recent survey shows 18% of homeowners faced HVAC repairs in the last year. National Tune-Up Day on September 25 serves as a reminder for maintenance. With heating system repairs costing $300 to $680, preventive tune-ups costing $79 to $190 can save significant expenses. Recommendations from the CDC and Energy Star highlight safety and energy efficiency benefits. HomeServe offers protection plans that include tune-ups and 24/7 emergency services.

Positive

• 18% of homeowners reported needing HVAC repairs in the last year, highlighting a growing market for HVAC services.
• HomeServe encourages preventive maintenance to help customers avoid significant repair costs, aligning with safety recommendations from the CDC and Energy Star.
• The company offers various home heating protection plans, enhancing customer loyalty and potential revenue streams.

Negative

• HomeServe's reliance on seasonal HVAC tune-ups may lead to fluctuations in revenue, especially if harsh winters do not occur.
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Tune-Up Now to Protect Against Expensive Repairs When Cold Weather Hits

NORWALK, Conn.--(BUSINESS WIRE)-- According to a recent Biannual State of the Home Survey, the most common home repair emergencies homeowners face are related to their home’s heating and air conditioning (HVAC) system. According to the survey, 18% of homeowners needed a HVAC repair in the prior 12 months, providing evidence of why a yearly tune-up is critical.

To highlight the importance of an annual HVAC tune-up, HomeServe reminds homeowners that September 25th is National Tune-Up Day. Established in 2014 and now in its 8th year, the day provides a reminder to homeowners about the importance of taking care of their heating system and the benefits of doing an annual tune-up before the heating season begins. By promoting National Tune-Up Day, which is recognized by the National Day Calendar, HomeServe hopes to help homeowners avoid costly repairs or even more expensive equipment replacement during the winter months.

“This year, the Farmer’s Almanac is calling for ‘notable polar coaster swings,’ which can take a tremendous toll on a home’s HVAC system,” said Tom Rusin, CEO, HomeServe North America. “To survive what is expected to be a difficult winter, homeowners need to ensure their HVAC systems are in top working order before the cold weather hits. And that’s exactly what a HVAC tune-up does. As part of an affordable and quick service visit, a qualified technician can ensure that all parts of the system are working properly and it will be ready to ramp up as the temperatures drop.”

Both the Centers for Disease Control and Prevention and the Department of Energy’s Energy Star program recommend an annual tune-up for heating systems. Each year, carbon monoxide (CO) claims the lives of hundreds of people and makes thousands more ill because of CO exposure. The CDC recommends annual tune-ups to help reduce accidental CO exposure, along with the installation of CO detectors in the home.

Energy Star encourages annual tune-ups to improve the energy efficiency of home heating systems and reduce the cost of home heating. Approximately one-half of energy usage is dedicated to heating and cooling the home and neglecting a tune-up can force the system to labor harder and use more energy.

According to HomeServe data, the cost of a gas boiler or furnace tune-up ranges between $79 and $190 depending upon location, while common gas heating system repairs can range between $300 and $680. A tune-up can identify issues before they result in expensive repairs or a dangerous situation for your home and family. During a heating system tune-up, professional heating technicians typically have the following checklist:

• Check safety systems and controls
• Check/adjust thermostats
• Check/adjust burners
• Check/clean pilot
• Check/clean gauge and flush low water cut-off
• Check filters and belts
• Check flue pipe and chimney draft
• Check oil in motors and pumps
• Check/clean blower assembly
• Check condensate line, if applicable

HomeServe offers home heating protection plans, including plans that provide tune-ups, as well as service plans for water, sewer, electrical and other home emergencies. All plan holders have access to a Repair Hotline that is accessible 24 hours a day, 365 days a year and a network of employed or local, licensed and insured technicians available to come to their home for repairs. More information is available at www.HomeServeUSA.com.

About HomeServe

HomeServe USA Corp. (HomeServe) is a leading provider of home services serving more than 4.7 million customers across the US and Canada under the HomeServe, Service Line Warranties of America (SLWA) and Service Line Warranties of Canada (SLWC) names, and through locally branded HVAC companies located in major metro areas. Since 2003, HomeServe has been protecting homeowners against the expense and inconvenience of water, sewer, electrical, HVAC and other home repair emergencies by providing quality local service, affordable repair coverage and installations.

As an A+ rated Better Business Bureau Accredited Business, HomeServe is dedicated to being a customer-focused company, supplying best-in-class repair plans and other home services to consumers directly and through over 1,000 leading municipal and utility partners.

For more information about HomeServe, a certified Great Place to Work and Stevie Awards winner for Sales and Service, please go to www.homeserve.com. Connect with HomeServe on Facebook and Twitter @HomeServeUSA and on LinkedIn @HomeServe-USA. For news and information follow on Twitter @HomeServeUSNews.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005257/en/

MEDIA:

Myles Meehan

HomeServe USA

Phone: 203-356-4246

Email: Myles.Meehan@homeserveusa.com

Claire Deneen

Hill+Knowlton Strategies for HomeServe USA

Phone: 312-255-3134

Email: homeserve@hkstrategies.com

Source: HomeServe USA Corp.

FAQ

What is the significance of National Tune-Up Day for HomeServe (HMSVY)?

National Tune-Up Day on September 25 promotes HVAC maintenance awareness among homeowners, potentially increasing demand for HomeServe's services.

How much can HVAC tune-ups save homeowners according to HomeServe (HMSVY)?

HomeServe states that HVAC tune-ups cost between $79 and $190, while repairs can range from $300 to $680, highlighting potential savings.

What percentage of homeowners faced HVAC repairs in the last year according to HomeServe (HMSVY)?

HomeServe's survey indicated that 18% of homeowners required HVAC repairs in the past year.

What are the benefits of HVAC tune-ups as promoted by HomeServe (HMSVY)?

Annual HVAC tune-ups can prevent costly repairs, improve energy efficiency, and ensure safety by reducing carbon monoxide exposure.

What home services does HomeServe (HMSVY) provide?

HomeServe offers home heating protection plans, including HVAC tune-ups and emergency services for water, sewer, and electrical issues.