Equipment Breakdown Insurance
When is a $500 deductible a bargain?
When your air conditioner breaks in mid-July or your TV dies on a college football Saturday.
By adding Equipment Breakdown Coverage to your homeowners insurance, you and your budget are ready for appliance breakdowns, including furnaces, air conditioners, refrigerators, dishwashers, hot water heaters and TVs. Coverage extends to expenses such as the cost of spoiled foods, expedited repair costs, pollutant cleanup and removal, and the extra cost of replacing your equipment with energy-and-environmentally friendly options. Cost: $2 to $5 a month. $500 deductible -- a great risk-management tool for a nominal cost.