Equipment Fail Protection: What It Is and Why You Need It

Homeowners Insurance is one of the most commonly offered types of coverage. It is designed to cover the cost of repairing or rebuilding your home after an accident and can cover the cost of replacing personal belongings that have been damaged or destroyed.

What home insurance doesn’t protect against, however, is the cost of repairing or replacing appliances in the home when they fail due to age, overuse, or even misuse. That’s where equipment breakage insurance come in.

In this article, we examine what equipment failure insurance entails, what types of equipment are covered by the policy, and how you can add this important form of protection to your policy.

What is equipment failure insurance?

Equipment breakage insurance is insurance for expensive equipment and devices in your household. Should you suffer covered damage, equipment failure insurance will help cover the cost of repairing or replacing your equipment.

Homeowners insurance alone does not provide protection against mechanical or electrical breakdowns. That’s why Central developed theirs device failure protection as a simple supplement to an existing home insurance policy.

What is covered by equipment failure insurance?

A variety of devices fall under device failure protection – both inside and outside the home – including:

Household appliances and systems:

  • High-tech audio equipment
  • media systems and televisions
  • PCs and laptops
  • ceiling fans
  • Intelligent lighting
  • Smart home surveillance systems
  • clothes dryer
  • extractor hoods
  • dishwasher
  • ovens
  • refrigerators
  • Electrical service panels
  • Kettle
  • heating systems

Outdoor systems:

  • AC systems
  • lawn tractors
  • deep well pumps
  • solar panels
  • pool filtration systems
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Devices connected to your home’s electrical system at the time of a power outage are also covered by the policy. If your smartphone, tablet or e-reader is damaged by a power surge, for example, your insurance company will cover the cost of repairing or replacing these items.

Discover: Review a visual map of a typical home and the electronics and appliances covered by equipment failure insurance our microsite. You’ll also be able to examine some examples of claims and how worst case equipment failure coverage can help.

How do I sign up for Equipment Failure Insurance?

Once you discover the extensive benefits of equipment failure insurance, contact your Central representative to discuss adding it to your existing homeowners insurance. If you are not already a Central policyholder, use these Tool to find a Central representative near you today.

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