Equipment Breakdown Coverage Comfort, Security, & Convenience
Equipment Breakdown Coverage Keeping Your Assets Protected
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.
Equipment Breakdown Coverage Loss Examples & Maintenance Tips
Finger Lakes Casualty & Fire Company offers an interactive site providing you with loss examples and maintenance tips.
Equipment Breakdown Coverage 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.
We are here to work with you, to help you create an insurance program that will protect you, your family, your business, and your assets in the way that you wish to be protected. Contact us today!