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Don’t let equipment breakdown ruin your day

Imagine coming home from a weeklong vacation to find that an electrical outage damaged the air-conditioning compressor, and your AC is out.

Or, you arrive home from work on a Friday after a long, hectic week, planning to settle in to enjoy the latest movies. As soon as you kick off your shoes and click the power button on the remote, you realize something is wrong. You discover that a power surge during a storm earlier in the day has fried your home entertainment equipment.

Sudden and accidental breakdown of your home’s mechanical systems and electrically powered equipment can disrupt the peace and relaxation you enjoy at home. Equipment breakdown insurance can help you manage these unexpected events.

While insurance does not cover wear and tear, it may be available to cover the cost of diagnosing and repairing insured equipment and to reimburse you for additional living expenses when you are displaced by a covered loss.

Your insurance agent can advise you on whether equipment breakdown coverage is included in your homeowner policy or whether you should consider broader coverage available by purchasing an endorsement or policy addition.

You can purchase equipment breakdown insurance that includes coverage for heating and cooling systems or equipment that generates, transmits or uses energy:

  • computer equipment
  • home theater and audio system equipment
  • wine cooling units
  • swimming pool equipment
  • refrigerators
  • other appliances

Also consider coverage that extends to the equipment used in another structure on your premises, such as a pool house or outbuilding.

Equipment breakdown coverage generally excludes coverage for: piping that is part of a fire protective sprinkler system, water piping other than boiler feedwater piping, boiler condensation return piping or water piping forming a part of a refrigerating or air conditioning system; appliances other than those permanently installed; personal electronic devices; software; and pinball machines, arcade electronic games or video gaming systems. It also generally excludes business property, property not owned by the insured and property not at the residence.

Be aware that equipment breakdown coverage offered through your insurer is not a home warranty. Home warranties generally limit covered property or charge additional premiums for each item. Equipment breakdown through a policy feature or endorsement would cover your equipment and personal property for one premium.

Give yourself the peace of mind and convenience of insurance to help manage life’s unexpected events.

Coverages described here are in the most general terms and are subject to actual policy conditions and exclusions. For actual coverage wording, conditions and exclusions, refer to the policy or contact your Ayres Group independent agent.

Courtesy of The Cincinnati Insurance Company
blog.cinfin.com