The TCO sits on top of the heating chamber. It is a normally closed switch and should have continuity across its contacts unless the water in the chamber overheats. I've just changed mine as the overheat light was coming on immediately and it metered open circuit. I replaced my switch and had the same problem? I had metered the switch as being open when in situ, but it metered closed when I had taken it out !! I took the replacement switch out and this also metered ok. On closer inspection I found a slight raised area on the top of the heater chamber due to rust. Once cleaned, the switch was re-inserted and all is now ok. I would recommend metering the switch, if it is open take it out and meter it again to check it is still open before buying a new switch.
Chris, June 2010