When would you use equipment breakdown coverage on a homeowners insurance policy ?
Equipment breakdown coverage on a homeowners insurance policy provides protection for home systems and appliances that fail due to mechanical or electrical breakdown. This coverage can be useful in several situations, including:
- HVAC system failure: If your heating, ventilation, and air conditioning (HVAC) system breaks down, equipment breakdown coverage can help cover the cost of repairs or replacement.
- Electrical system failure: If there is an electrical surge that damages your home’s wiring, equipment breakdown coverage can help pay for repairs.
- Appliance breakdown: If your home appliances, such as your refrigerator or washing machine, break down due to mechanical or electrical failure, equipment breakdown coverage can help pay for repairs or replacement.
- Home security system failure: If your home security system fails due to a mechanical or electrical breakdown, equipment breakdown coverage can help cover the cost of repairs or replacement.
Overall, equipment breakdown coverage provides homeowners with added protection against costly repairs or replacement of home systems and appliances due to mechanical or electrical breakdown