Maximizing Your Policy with Equipment Breakdown Coverage
Is your HVAC or boiler failing? Click here to see if your Equipment Breakdown endorsement applies and let our Newtown team review your policy for hidden coverages.
Key Takeaways
- Commercial Power for Homeowners: Why this "à la carte" endorsement is no longer just for businesses and churches.
- The Coverage Gap: How this covers the "broken part" itself, which standard policies often exclude.
- Beyond Maintenance: Understanding that this is for sudden failure, not wear and tear or lack of upkeep.
- The HVAC Advantage: Real-world examples of $30,000 furnace replacements covered via this endorsement.
- Expert Narrative: Why you need a professional HVAC or boiler technician to document the failure correctly.
Strengthening Your Policy with Special Endorsements
In the world of insurance, the "standard" policy doesn't always cover the heart of your home—your mechanical systems. In this video, Ronnie Gelfont of 21st Century Public Adjusters in Newtown, PA, explains the "Equipment Breakdown" endorsement. Originally a staple of commercial insurance for businesses and churches, this robust coverage is now an essential add-on for residential and rental properties in the Tri-State area.
Unlike a typical claim—where a pipe burst might pay for the water damage but not the pipe itself—the Equipment Breakdown endorsement can actually cover the cost of the failing unit. Ronnie shares a powerful case study of a local church that faced a $30,000 furnace replacement in the dead of winter.
Because they had this specific endorsement, they were able to secure a full replacement after their $1,000 deductible, rather than paying out of pocket for a catastrophic mechanical failure.
However, success with these claims requires more than just a phone call to your carrier. You need a technical narrative from an expert—such as an HVAC or boiler specialist—to prove the cause of failure. At 21st Century Public Adjusters, we know how to coordinate with these experts and present the narrative to your insurance company in a way that secures the settlement you deserve.
Is Equipment Breakdown the same as a Home Warranty?
No. While a home warranty covers general wear and tear, an Equipment Breakdown endorsement is part of your insurance policy and covers sudden, accidental mechanical or electrical failures that a warranty might reject.
Can I add this to my policy after my furnace breaks?
No. This is an "à la carte" item that must be added to your policy before a loss occurs. We recommend all our Newtown and Bucks County clients review their "Declarations Page" to see if they have this vital protection.
Make Your Policy More Robust
Don't wait for a $30,000 mechanical failure to find out what's in your policy. At 21st Century Public Adjusters, we specialize in the technical details that turn a "denied" situation into a covered one. Let us help you navigate the complexities of special endorsements and expert narratives.
Whether you are a business owner, a church administrator, or a homeowner, we are here to ensure your property is protected. Reach out today to experience the 21st Century difference.