Equipment Breakdown Insurance

Protect Your Investment—ALL of It!

Before you plop down that first mortgage payment, be sure to protect yourself against the unexpected – a break down in home equipment can seriously impact your day. Let Freeway Insurance New York find the best rates and coverage to insure you today! Our home owner’s equipment breakdown coverage includes mechanical failures, air conditioning, boilers and water heaters, appliances and built-in equipment, as well as personal property and electronics.

Are you prepared for the cost of major retrofits to older furnaces and air conditioning units? These repairs and replacements often run between $5,000 – $8,000 per unit!

Did you know that most homeowners’ policies exclude mechanical and electrical breakdowns? Does your maintenance contract or home warranty cover all the systems, electronics, built in equipment, and appliances in your home?

Equipment Breakdown Insurance from Freeway Insurance New York covers more than just the cost of the repairs and replacement. It protects you from labor, repair, and/or replacement costs for all covered equipment. Our policy covers:

Direct physical damage to covered equipment

Additional living expenses

Spoilage as a result of covered equipment breakdown

Expediting expenses incurred to limit the loss or time spent on restoring equipment

Additional costs to replace with energy efficient equipment

We Cover Damage Caused by:

Mechanical breakdown due to overuse and/or failure

Electrical breakdown—faulty circuits, devices, and compressors

Tearing, cracking, burning, or bulging of steam or hot water systems or AC systems

Types of Covered Equipment:

• Air conditioning systems
• Ventilation systems, compressors, and fans
• Furnaces, heat pumps, heaters, boilers, water heaters, and solar heaters
• Well pumps, sump pumps, and motors
• Electrical power panels
• Kitchen and laundry appliances
• Back-up generators
• Pool and spa heating and filtration equipment
• Central vacuum systems
• Computers, audio equipment, and televisions

Policy Features:

$40.00 per residence, $1,000.00 fixed deductible

“Covered Equipment” includes:

Coverage A – Dwelling

Coverage B – Other Structures, or

Coverage C – Personal Property subject to the terms and conditions of the coverage endorsement

Tips & Resources:

How do I get Equipment Breakdown insurance?

Becoming insured by one of the experts at Freeway Insurance New York is easy! We sell insurance at our local offices, online at www.freewayinsurance-ny.com and over the phone at 1-800-422-2308.