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Equipment Breakdown Insurance

Many essential appliances and mechanical systems can fail without warning, and internal breakdowns are often not covered by standard property insurance policies.  

REInsurePro offers Equipment Breakdown insurance to protect your investor clients from the physical and financial damage that can result from mechanical or electrical breakdown of many types of equipment. Policies fit within our monthly reporting form and can be standalone or added to existing coverage. 

At-A-Glance

Equipment Breakdown Coverage

REInsurePro’s insurance for Equipment Breakdown protects investment properties from unexpected repair or replacement costs due to an electrical, mechanical, or pressure systems breakdown.

Availability & Exclusions

Equipment Breakdown insurance coverage is not a home warranty and does not extend to wear and tear or deferred maintenance. This coverage is not available for new construction locations.  

Cost

REInsurePro’s Equipment Breakdown coverage offers affordable protection for your clients, with pricing based on the property’s value.

Equipment Breakdown insurance is available anywhere REInsurePro sells coverage.

Equipment Breakdown Insurance FAQ

Frequently asked questions and answers about REInsurePro’s insurance for Equipment Breakdown.

Equipment Breakdown is an ancillary insurance product designed to protect investors from potential physical and financial loss that may occur due to the failure of mechanical, electrical, or pressure systems. This product can be purchased as a standalone coverage or added to your client’s existing REInsurePro policy. 

Equipment failure is often excluded from standard property insurance policies. REInsurePro’s offering includes many types of equipment that most other companies exclude. The following exposures may exist at your client’s property and are included under this coverage: 

  • HVAC systems    
  • Electrical panels & emergency generators     
  • Home security systems    
  • Sound systems    
  • Computer-controlled equipment    
  • Fans, motors, compressors, and pumps   

 

Coverages offered under our Equipment Breakdown insurance include, but are not limited to: 

  • Property Damage  
  • Off-Premises Property Damage   
  • Business Income   
  • Extra Expense  
  • Perishable Goods   
  • Data Restoration   
  • Mold  
  • Environmental, Safety, and Efficiency Improvements   

In most real estate investment property policies, there are specific exclusions for mechanical and pressure system breakdowns, and coverage for electrical breakdowns is limited. By adding this ancillary product, your investor clients’ coverage extends to losses caused by, resulting from, or consisting of an electrical, mechanical, or pressure system breakdown.

Learn more about Equipment Breakdown coverage

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