Optional Equipment Breakdown Endorsement
for Home Insurance Policies: (Note only for Safeco Customers)
Heating systems, air conditioners, electronic
equipment and major appliances are all important to everyday comfort and
convenience, but it’s easy for consumers to take them for granted. When one of
these items breaks down, repairs can be expensive and time consuming, and in
most cases the repairs aren’t covered by insurance. Safeco Insurance offers
peace of mind for their customers and at $2.00 per month, it's a superior
value!
So what's covered?
Damage due to the breakdown of certain household
equipment is covered when the cause is sudden, direct and accidental. Examples
include parts failure or electrical surge. Covered equipment includes but is
not limited to appliances, heating and cooling systems, swimming pool
mechanical equipment, water heaters, well pumps, home security systems,
electrical systems, computers and home electronics.
What's not covered?
Overall wear and tear is specifically excluded in the
policy and is not covered. Losses must be sudden, direct and accidental.
Here are some examples;
The furnace is no longer producing hot air
- Covered: The blower motor has
ceased functioning due to a bearing failure
- Not Covered (due to wear and tear):
The heating element has corroded over time and is in need of replacement
Air conditioning unit is not maintaining
temperature
-Covered: The connecting rod in
the motor has broken
-Not Covered: due to wear and
tear): It's condenser coils have deteriorated and developed pinhole leaks
leading to a loss of refrigerant
Find more great tips at TedmusInsurance.com or call us at (800) 903 5752.
