Equipment Breakdown Coverage for Homeowners
Although you might take them for granted, you probably depend on several major equipment systems to keep your home comfortable. You might assume that your homeowners policy would cover the cost of repairs to these systems should they break down. But the fact is that mechanical breakdown is not a covered cause of loss under most traditional homeowners policies.
Equipment Breakdown Coverage for Homeowners is an affordable way to protect these valuable systems.
Equipment Breakdown Coverage for Homeowners provides coverage for equipment that is built-in, or permanently attached, to the home; transmits or utilizes energy; or has contents that are under vacuum or pressure.
|Examples of covered equipment||Examples of what is NOT covered equipment|
Warranties are Not Enough
Warranties and service contracts can offer some coverage for home equipment, but they can be expensive. Warranty contracts can also have restrictions on the types of equipment, parts and labor to be covered. And these contracts generally exclude breakdowns resulting from installation error, improper maintenance and other external events, which can cost thousands to repair.
Equipment Breakdown Coverage for Homeowners is designed for the larger losses that can present a significant financial burden to homeowners, not everyday maintenance issues resulting from wear and tear. Please contact your local agent for more information about the differences between this product and warranty products.
Easy Preventative Maintenance Tips for Reducing Homeowners Equipment ExposureGas-Fired, Forced-Air Central Heating Systems:
- Check the heat exchanger, flue, ducts, airflow and air fuel mixture
- Adjust the burner, and oil the motor and circulation fan
Evaporative Air Conditioners:
- Clean evaporator or condenser coils
- Condensate drain when in use, and clear debris from outside the unit
Hot Water Heater: