Protection for Your Home Systems and Equipment
If you have a home security system, a multi-zone heating and air conditioning system, a home theater, personal computers and any other critical home equipment, you know how expensive they can be to repair or replace. The cost to repair or replace this equipment is not covered under a basic homeowners insurance policy. You can address this gap in coverage with Equipment Breakdown Insurance. Depending on the insurance company, this coverage may be offered as a separate policy or as an endorsement to a homeowners policy.
If something goes wrong with these systems or equipment, repairs will often require sophisticated diagnostic tools and skilled technicians. Individual warranty plans are available, but they are costly, confusing, and may only cover design or manufacturing defects and not losses caused by mechanical or electrical breakdown. The cost of labor is typically not covered under a warranty. Because so many items in homes today are prone to mechanical or electrical failure, Equipment Breakdown coverage makes practical sense.
Here are some examples of potentially covered equipment:
• Air and Water Filtration Systems
• Chair Lifts and Elevators
• Computer and Peripheral Equipment
• Emergency Generators
• Home Heating and Central A/C Systems
• Electrical Service Panels
• Home Security Systems
• Lighting and Home Environment Monitoring
• Microwaves and Ovens
• Refrigerators and Freezers
• Sound Systems
• Sprinkler System Controls
• Swimming Pool Equipment
• Washers and Dryers
• Water Heaters
• Well Water Pumps
For more information about Equipment Breakdown coverage, please contact BWD Group LLC.