Equipment Breakdown Coverage
Homeowners rely on the equipment in their homes such as air conditioning, heating, well pumps, appliances, home entertainment units, lawn & garden equipment and more for comfort, security, and convenience. When those systems fail due to accidental mechanical or electrical breakdown it can cost thousands of dollars. Homeowners Equipment Breakdown Insurance is a must-have for any modern-day homeowner. Do you have this coverage on your policy?
The following companies offer optional Equipment Breakdown coverage endorsements at the stated limits, annual premiums are given, deductibles apply.*
Finger Lakes Fire & Casualty Co: $50,000 coverage with a $500 deductible for $25 premium
NYCM: $100,000 coverage with a $500 deductible for $25 Homeowner premium, $15 Tenant or Condo premium
Safeco: $50,000 coverage with a $500 deductible for about $24 premium
Utica National: $100,000 coverage with a $500 deductible for $25-$50 premium
Dryden Mutual: Landlords may add Equipment Breakdown as a covered peril, subject to policy limits and deductibles, annual premium depends upon limit.
This interactive site from Finger Lakes provides you with loss examples and maintenance tips.
Service Line Coverage
Most homeowners don’t realize they are responsible for repairing or replacing damaged underground piping and wiring located on their property. This is an expensive process and is not covered by most homeowners insurance policies. Losses can easily reach thousands of dollars, when considering repairs and excavation. Service Line Coverage not only pays for your repairs, but also for any damage to outdoor property as a result of those repairs (e.g., driveways, walkways, lawns, shrubbery, and plants). If your home is uninhabitable due to the damage, coverage for your hotel and other expenses is included as well.
The following companies offer optional Service Line coverage endorsements at the stated limits, annual premiums are given, deductibles apply.*
Finger Lakes Fire & Casualty Co: $10,000 coverage with a $500 deductible for about $20 premium
NYCM: $10,000 coverage with a $500 deductible for $30 premium
Utica National: $10,000 coverage with a $500 deductible for $15 premium
*These coverage endorsements may not be available on all policy coverage forms. Actual perils covered may vary, see the specific coverage forms for details.
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Going to Canada?
Ask us for a Canadian ID card. "A U.S. traveler in Canada is required to carry a motor vehicle liability card, plus vehicle ownership papers. A copy of the automobile policy is recommended to be carried. And a Canadian Non-Resident Inter-provincial Motor Vehicle Liability Card is strongly recommended. U.S. travelers who do not carry a Canadian Non-Resident Inter-provincial Motor Vehicle Liability Card and are stopped by Canadian police or are in an accident while driving in Canada risk being fined or having their vehicle impounded until proof of proper coverage is obtained."