As today’s homes rapidly transform into smart homes stocked with high-tech equipment and systems, homeowners become more vulnerable. That’s why adding our homeowner’s equipment breakdown endorsement to existing homeowner policies is a simple, affordable and comprehensive solution to coverage gaps. Typically, homeowner policies exclude most electrical, mechanical and pressure system breakdowns. So when a loss occurs, the homeowner is responsible. When faced with the repair or replacement of these sophisticated appliances and systems, the costs could be staggering.
Peace of Mind
Our homeowners equipment breakdown coverage is unmatched in its coverage scope and flexibility. Our endorsement provides coverage for the real and personal property on a home’s premise. We even include off-premises coverage, where we’ll pay for the loss of covered property while away from a covered location.
We also help our partner companies educate their insureds by providing property loss prevention tips and other valuable information regarding equipment breakdown or systems failure.
Protect Personal Property and Vital Systems
Our simple and straightforward coverage endorsement protects:
Heating and cooling systems
Swimming pool equipment
Well pumps and more
Mutual Boiler Re’s green equipment breakdown endorsement is available to all of our partner companies at no additional premium charge. This innovative offering allows your policyholders to replace or repair damaged covered property with greener alternatives—alternatives that are often safer, better for the environment and more energy efficient.
Service Line Coverage
Mutual Boiler Re’s service line coverage is also available to all of our partner companies for their insureds. Because a service line failure is often unforeseen and not covered under most homeowner policies, Mutual Boiler Re offers even more peace of mind with damage protection that includes:
Underground water and sewer pipes
Underground power lines
Wiring used for phone, cable or Internet
Devices that connect to a public utility provider or private system
An overview of our homeowners equipment breakdown offerings.