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Personal Equipment Breakdown Coverage

SafePoint Insurance is pleased to offer an alternative to home warranty plans. Equipment Breakdown Coverage is now available through your Homeowners Insurance Policy. Whether you are a renter or a high-value homeowner, we have your equipment breakdown exposures covered.

Loss Example

A domestic water 230-volt deep well pump short-circuited to ground. Upon being pulled from the well to determine its condition, it was concluded that cost to repair the motor was greater than the cost of replacement.

Cost of Replacement: $1,850
Loss of Use: $186

During a family vacation, a storm caused a power outage. A laptop computer and cell phone were charging when the outage occurred. When power was restored, a voltage spike damaged the items beyond repair and required their replacement. With the Off-Premises Coverage the homeowner would now be covered!

Cost of Repairs: $3,750

The modern home contains many expensive systems and appliances subject to equipment breakdown. These include:

  • Clothes Washers and Dryers
  • Computer Equipment
  • Dishwashers
  • Freezer Units
  • Garbage Disposals
  • Heat Pumps
  • High Efficiency Home Heating and Central A/C Systems
  • High Energy Electrical Service Panels
  • Home Security Systems
  • Kitchen Refrigerators
  • Lighting and Home Environment Monitoring
  • Microwaves
  • Ovens
  • Sump Pumps
  • Surround Sound Systems
  • Swimming Pool Equipment
  • Televisions (Plasma, LCD, etc)
  • Water Heaters
  • Well Water Pumps

Even items that you typically think of as disposable; such as, garage door openers, exhaust/ceiling fans, DVD players and much more, could benefit from this coverage as a result of an electrical power surge.

“If it uses electric power, it is most likely subject to Equipment Breakdown.”

Often this equipment requires sophisticated diagnostic tools and skilled technicians to oversee a potential repair. Equipment breakdown coverage protects you against unexpected repair or replacement costs due to a electrical, mechanical, or pressure systems breakdown. In addition to coverage, loss prevention information and loss adjustment services are customized at a fraction of the cost of limiting home warranty products. Best of all, this additional coverage follows the terms and conditions of your insurance policy. Off-Premises Coverage is now included. Coverage was previously limited to “Residence Premise” and now we’ve extended coverage for property that is away from the descirbed premises.

Learn more about Personal Equipment Breakdown Coverages…

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