Definition
Equipment breakdown covers sudden failure of major systems like HVAC, water heaters, and electrical. It kicks in when something suddenly stops working.
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Equipment breakdown coverage pays for repair or replacement of major systems when they fail. Coverage typically includes HVAC, water heaters, electrical systems, and appliances. Excludes maintenance-related failures. Valuable for older homes where system failures are likely.
Pro Tip
Equipment breakdown is valuable for older homes. Calculate the likelihood of system failures against premium costs.
Example
Equipment breakdown coverage pays for $3,500 water heater replacement when the system fails unexpectedly.