Equipment Breakdown is a cheap add on coverage you need but probably don’t have on your home insurance policy.
The standard exclusion on a homeowners policy is wear and tear of your property.
You can now add this coverage on your home insurance policy with an endorsement or add on.
The endorsement is Equipment Breakdown and it can be as low as $4 a month.
So what does it cover?
First you need to understand what is not covered.
It has to be a complete breakdown of the equipment.
Not “it just doesn’t work like it used to…”
It is the complete shutdown.
No longer operable.
Kaput – broken, no longer working
What items does it cover?
I think you want to use this coverage for the big ticket items
- a/c unit
- swimming pool equipment
- television (although the cost of a new tv is going down)
But it does cover more…
Typical Household Items Protected by Equipment Breakdown Coverage:
- Washers and dryers
- Refrigerators and freezers
- Ovens and microwaves
- Garbage disposals
- Heat pumps
- Heating and air conditioning systems
- Electrical service or Circuit Breaker panels
- Alarm Monitoring systems
- Water heaters
- Swimming pool equipment
What is the deductible?
Although your all other perils deductible may be higher on your home insurance policy, the standard deductible for this coverage is $500
Which insurance company offers this add on coverage endorsement in Louisiana?
We represent three companies that offer this coverage now
SFIC Southern Fidelity insurance company
Capitol Preferred Insurance
Who should take advantage of this coverage?
- Homeowners with older a/c heating systems
- Homeowners with a swimming pool
- Anyone who currently has an expensive home warranty policy
The good news for you
If you have a Centauri or SFIC home insurance policy you can add this coverage now
If you need a quote from Centauri or SFIC with the equipment breakdown endorsement
you can call me, Tim D’Angelo at 504.348.3131 or complete the quick form