Homeowners Equipment Breakdown Coverage
Indiana Farmers Mutual is pleased to provide an affordable alternative to costly product replacement and home warranty plans - Equipment Breakdown Coverage through your Condo or Homeowners Insurance policy. For only $2 a month, coverage is provided for mechanical and electrical breakdown for items such as personal computers, refrigerators or furnaces.
If it uses electric power, it is most likely subject to Equipment Breakdown!
Often electrical 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 mechanical, electrical or pressurized system breakdowns.
Did you Know?
Thirty-eight percent of all equipment breakdown losses are mechanical in nature. Until now these losses were typically excluded under most Homeowners Policies!
The following list contains just some of the items that are now covered for mechanical or electrical breakdown with Indiana Farmers Mutual’s Equipment Breakdown Enhancement Endorsement.
Appliances:
- Clothes washers and dryers
- Dishwashers
- Kitchen refrigerators and freezer units
- Ovens and microwave ovens
- Garbage disposals
Home Accessories
- Home security systems
- Garage door openers
- Lighting and home environment monitoring
- Exhaust and ceiling fans
- Computers and peripheral equipment
- Surround sound systems
Mechanical Equipment
- High-efficiency home heating and cooling units
- Heat pumps
- High-energy electrical service panels
- Sump pumps
- Water heaters
- Well water pumps
- Swimming pool equipment
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Homeowners Equipment Breakdown claims are subject to a $500 deductible with a $50,000 limit per occurrence. For more information on this endorsement, please contact your Indiana Farmers Mutual Independent Insurance Agent.
Homeowners Equipment Breakdown Endorsement TV Commercial
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