Does Your Homeowner’s Insurance Policy Cover Equipment Breakdown?

Homeownership can be tough. Sometimes our most important – and most expensive! – household items can breakdown with no warning. Safeco Insurance offers a unique endorsement you can add to your Ohio homeowner’s insurance policy that can help. “Equipment Breakdown” coverage through Safeco Insurance covers your essential home systems and personal property in the event of an unexpected mechanical or electrical breakdown NOT caused by normal wear and tear or corrosion.

Example: Jane Smith’s home has an air conditioning unit that is five years old. She turns it on and it works fine for the first few weeks of summer. All of a sudden, it stops working. Jane calls a technician who says the unit has a bad compressor and it is going to cost $3000 to replace. Under Safeco’s Equipment Breakdown endorsement, since this is a sudden event and not the result of normal wear and tear, Jane will get the cost of the new unit covered (minus her $500 deductible that comes with this endorsement.) This is not the same deductible as your all peril on your homeowner’s policy and a claim on this endorsement does not count towards your policy.

At about $2 a month, it is a convenient way to make sure your belongings and your budget are covered. Typical household items covered under Safeco’s Equipment Breakdown Coverage are:

Washers and dryers

Computer equipment


Refrigerators and freezers

Ovens and microwaves

Garbage disposals

Heat pumps

Heating and A/C systems

Electrical service panels

Home security systems

Water heaters

Well water pumps

Sump pumps

Surround sound systems

Swimming pool equipment


If you think this is a coverage you need to add to your homeowner’s insurance, call Advantage Insurance Network LLC and get a homeowner’s insurance quote with Safeco today!

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