Things Break.

Be ready with Home Equipment Breakdown Coverage. 

Today’s modern home is loaded with systems and equipment that can be expensive to fix when they break. Air conditioners, appliances, pool pumps and security systems can cost thousands to repair and replace. See what's covered.

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Fact #1

A single power surge could cost you $30,000 in damages to your home equipment.                                             
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Fact #2

It can cost anywhere from $15,000 - $40,000 to replace your HVAC system.

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Fact #3

Replacing a well water pump can easily run you $2,000.
CONSIDER THESE FACTS

You Could Save Thousands

Homeowners Equipment Breakdown coverage is a key add-on that  fills the gaps in your standard homeowners policy to protect against mechanical failure or electrical breakdown. It includes just about everything plugged into your wall. In the event of a major breakdown, it can help save you thousands of dollars.

INS AND OUTS

How Does It Work?

For a small cost (many times less than $50) you can add this coverage onto your Swyfft home insurance policy. In return you'll be covered up to $100,000 per occurrence, like when your pool pump seizes or an electrical surge takes out your TV's and computers.

  • 14+

    Appliances in a Home on Average

  • 7,000+

    Cost to Replace a Major Home Appliance

  • 50+

    Average Cost to Add EB Coverage
Asset 2-100


FEATURES

What Does It Cover?

A lot! Good rule of thumb: if it uses electrical power, it's most likely considered covered property with respect to the equipment breakdown endorsement.
Here's a complete list. Also check out the interactive home map for real life examples of breakdowns that were covered.
  • Washers/Dryers
  • Dishwashers
  • Refrigerators/Freezers
  • Microwaves
  • Ovens
  • Garbage Disposals
  • Heating and Cooling Systems
  • Water heaters
  • Well Water Pumps
  • Sump Pumps
  • Home Security Systems
  • Lighting and Monitoring Systems
  • Computer Equipment
  • Televisions
  • Surround Sound Equipment
  • Swimming Pool Equipment
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FAQ'S

Still Not Sure? Let's Run Through It.

Here are some commonly asked questions about Equipment Breakdown coverage.

What is Equipment Breakdown Coverage?

Equipment Breakdown coverage closes coverage gaps in the standard homeowner property policies. It responds the same way a homeowners policy does and includes electrical, mechanical or pressure equipment that suffers an equipment breakdown. This coverage eases the burden of budgeting for unexpected losses from equipment breakdown..

How important is coverage for internal breakdowns to your home appliances ?

When any essential home appliance seizes, cracks or shorts out, it could be a covered loss. Homeowners are responsible to repair or replace the unit unless they have Equipment Breakdown coverage. This coverage closes the gap with a simple, affordable solution that protects expensive pieces of equipment from an equipment breakdown loss. For example, if a power surge damages multiple pieces of equipment in your home, Equipment Breakdown coverage would cover the repair or replacement costs. Without this coverage, the homeowner would be responsible for these expenses.

How expensive is it to replace or repair home equipment?

Air conditioning units, appliances, pool pumps and security systems are just a few examples of expensive equipment that make your home comfortable. The average cost to replace a new air conditioning system is $4,500. Imagine your home experiences a severe power surge that damages multiple pieces of equipment. The cost to repair or replace these units could add up quickly.

Unfortunately, the majority of homeowners do not budget for the expense associated with repairing home equipment. Equipment Breakdown coverage is a valuable, affordable solution to protect the equipment in your home.

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How Does This Coverage Differ From a Home Warranty?

Home warranties are expensive and restricting. Equipment Breakdown coverage is affordable, straightforward, and isn't limited to specific types of equipment.

Is There Coverage For Personal Property Away From the Insureds Home?

Yes, Off-Premises coverage is included. We've extended coverage for property that is away from your home so you get extra protection for your stuff. Like a laptop being used away at school.

What is the different between mechanical breakdown and wear and tear?

A mechanical breakdown usually occurs suddenly. Wear and tear typically occurs over time. In instances where wear and tear occurs, performance of the equipment slowly declines and its capacity diminishes; however, the equipment continues to operate but does not perform as expected. Therefore, because coverage for wear and tear is excluded in the homeowner's policy and no equipment breakdown has occurred, there would also be no coverage provided by the equipment breakdown endorsement.

Can you remind me again why I should add Equipment Breakdown Coverage?

Adding Equipment Breakdown coverage is a simple, affordable solution that closes coverage gaps and protects valuable home equipment, including:

  • Air conditioning systems
  • Appliances
  • Electrical service panels
  • Garden tractors
  • Heat pumps
  • Heating systems
  • Home security systems
  • Televisions
  • Sump pumps
  • Swimming pool pumps and motors
  • and many more...
Your home security system experienced severe electrical damage. Would Equipment breakdown cover this type of damage?

Security systems, as well as other appliances in the home, are subject to all types of internal damage. A power surge from the local utility or dusty, loose wiring could result in costly damage to fragile, electrical components within the security system. Homeowners Equipment Breakdown Insurance covers the cost to fix critical home equipment due to internal breakdown.

Your neighborhood experiences a power surge that takes out several electrical devices in your home. Is it covered?

Yes, and here's an example. Residents of a local township recently reported that a power surge caused thousands of dollars in damage to over 150 homes in the community. One homeowner reported damage to the hot tub, two televisions, electric range, DVD player and pool pump. Total damage for this home was over $4,500. The equipment breakdown endorsement covered the unplanned, costly repair/replacement of these items.