What Is Equipment Breakdown Coverage?
Equipment breakdown coverage offers protection against the cost of repairing or replacing your appliances and systems if they break down due to mechanical or electrical failure. It's an optional endorsement that can be added to many homeowners insurance policies.
Why Do I Need It?
As a homeowner, you rely on your appliances and systems for comfort and convenience. However, most homeowners are surprised to learn that these items are not typically covered by standard insurance policies. A sudden breakdown can be extremely costly and disrupt your daily life.
Imagine your air conditioner breaking down during a heatwave. A new AC unit could cost you thousands of dollars. Without equipment breakdown coverage, you'd be responsible for the full cost of repairs or replacement.
What Kind of Equipment Is Covered?
The specific equipment covered by your policy may vary depending on your insurance carrier. However, typical coverage includes