Believe it or not, in the world of insurance there is coverage for just about anything you can think of! One of the lesser known coverages available to homeowners, business owners and farm owners is Equipment Breakdown Coverage.

Equipment Breakdown Coverage was created to cover losses to major appliances and/or equipment that are caused by mechanical or electrical breakdown. Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown event itself:

Homeowners

For homeowners, Equipment Breakdown Coverage functions similarly to a home warranty, covering everything from refrigerators to furnaces if they break down. The difference is that you can add equipment breakdown coverage to your home insurance policy as an endorsement; a home warranty is typically a separate product that you buy through a separate entity.

Rockford Mutual provides homeowners coverage for the following equipment:

• Air conditioners
• Computers and peripheral equipment
• Electrical doors and locks
• Equipment related to hobbies, woodworking, restoring cars, etc.
• Heating equipment
• High-efficiency lighting systems
• Home entertainment equipment
• Home gym equipment
• Jacuzzis and related equipment
• Kitchen appliances
• Pumps
• Sauna equipment
• Security systems
• Swimming pool equipment
• Telephone systems
• Washers and dryers
• And more…

Sample Losses

Commercial Policies

As a business owner, sometimes you will face the inevitable – and sometimes literal – monkey wrench, which is the breakdown of your equipment. Equipment Breakdown Coverage will help keep your business one step ahead by providing protection against equipment repair and replacement expenses, labor costs and other expenses to get or keep your business up and running. Coverage is also provided for indirect losses such as business interruption, spoilage and service interruption.

Rockford Mutual provides commercial coverage for the following equipment:

• Air conditioners
• Boilers
• Communication systems
• Compressors
• Computers
• Electrical distribution systems
• Electrical equipment
• Emergency generators
• Engines
• Fans
• Fired/unfired vessels
• Fired water heaters
• Generators
• Heating and cooling systems
• Mechanical equipment
• Motors
• Pressure vessels
• Process machinery
• Pumps
• Refrigeration units
• Security systems
• Switchboards
• Transformers
• Vacuum systems

Sample Losses

Farmowners

All farms rely heavily upon equipment that is continually exposed to harsh environments and working conditions. When equipment fails due to a “breakdown,” farmers not only incur the costs of fixing affected equipment, but can also suffer severely due to business interruption and loss of production.

Equipment Breakdown coverage provides protection above and beyond a standard risk policy by providing coverage for physical damage sustained by covered equipment, disruption of farm operations due to equipment breakdown, lost value of spoilage due to equipment breakdown, mechanical breakdown, shorted electrical circuits and much more.

The homeowners coverage described above also applies to any dwellings on your farm. Rockford Mutual provides farm equipment breakdown coverage for the following equipment:

• Air conditioners
• Boilers
• Communication systems
• Compressors
• Computers
• Electrical distribution systems
• Electrical equipment
• Emergency generators
• Engines
• Fans
• Fired/unfired vessels
• Fired water heaters
• Generators
• Heating and cooling systems
• Mechanical equipment
• Motors
• Pressure vessels
• Process machinery
• Pumps
• Refrigeration units
• Stationary farm machinery
• Switchboards
• Transformers
• Vacuum systems

Equipment Breakdown coverage is a great way to enhance your existing home, business or farm policy. Adding this endorsement to your policy is a tremendous value for the amount of coverage you receive!