Insurance Insights: Breakdown Coverage
many people have towing coverage as part of their automobile insurance policy to help them in the event that their vehicle breaks down on the side of the road. Homeowners should also ask themselves what coverage they have in place should a piece of home equipment break down. The fact is that most standard homeowners policies do not cover heating, cooling, and hot-water equipment if it breaks down. This may be a particular concern to homeowners with houses that incorporate some of the newer alternative energy technologies (such as small wind turbines and solar panels) into their home-equipment mix. Fortunately, homeowners equipment breakdown coverage fills this important gap and should be an essential element of any homeowners insurance program.
Insurance provides financial support and reduces uncertainties in business and human life. It provides safety and security against a particular event. There is always a fear of sudden loss, and insurance provides a cover against any sudden loss. For example, in case of life insurance, financial assistance is provided to the family of the insured on his or her death. In case of other insurance, security is provided against a loss due to fire and other accidents. To learn more, please call us today.
Quick Tip: Homeowners equipment breakdown coverage can be purchased to cover pool pumps and filtration equipment, as well as flat screen TVs and other home entertainment systems.