The Need
Homeowners insurance policies usually don’t cover mechanical, electrical and heating equipment failure. Warranties and service contracts are expensive and only cover your equipment for a limited time. Equipment breakdown is inconvenient, uncomfortable, often unsafe and always costly.
During an ice storm, an emergency generator broke down when its oil pump failed. The motor, bearings and rotating elements were so damaged, the entire unit had to be replaced. Total paid claim: $6,500.
What’s covered?
Equipment breakdown insurance pays for mechanical breakdown and damage to the systems you rely on for your comfort and safety every single day. Here are a few examples of what is covered:
- Air conditioning systems, compressors and condensers
- Built-in air purifiers
- Ceiling fans
- Central vacuum systems
- Circuit breakers
- Cook tops (permanently installed)
- Deep well pumps and excavation/repairs
- Dishwashers (permanently installed)
- Emergency generators (permanently installed)
- Garbage disposals
- Heating systems and components
- Microwave ovens (permanently installed)
- Refrigerators (permanently installed)
- Sump pumps
Be sure to ask about all of the items that are covered under this very comprehensive coverage. REMEMBER! THE HOMEOWNER'S POLICY DEDUCTIBLE APPLIES TO THE EQUIPMENT BREAKDOWN COVERAGE LOSS.
Click here for an Equipment Breakdown brochure in PDF format.
- Fast, face-to-face response. We settled 90% of Hurricane Isabel claims in 60 days and 90% of Ernesto claims in 30 days. We have independent agents in 185 locations throughout Virginia.
- Valued customer discounts. If you have both your homeowners and your automobile insurance with us, you get a 25% discount on your automobile policy and a 10% discount on your homeowners policy. If you haven’t had a ticket in three years, you may qualify for a 15% discount on your automobile insurance. And, we offer additional discounts to non-smokers and other responsible policyholders.
- Financial strength. The world’s largest and most authoritative source on insurance carriers’ financial strength and ability to pay claims, AM Best, rates us A- (Excellent). Demotech, a leading financial analysis and actuarial consulting firm, has rated Northern Neck Insurance Company A” Double Prime, unsurpassed in financial stability.
- Convenience. In addition to home and auto insurance, we offer boat, umbrella, home office, equipment breakdown, identity theft and extended replacement coverage. So you can get all of the coverage you need in one place, with one point of contact, when you have a claim or a question call your local independent insurance agent.
This is not an offer to contract. Policies contain limits, exclusions and conditions that are not listed here. For full details about your specific coverage, please consult with your agent and read your policy carefully.
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