Imagine a time in the middle of August that your AC unit suddenly stops working, and the repair man wants a couple thousand dollars to fix it. Homeowners often forget how many pieces of equipment and appliances are needed to keep their home running smoothly. It’s important to know that a typical home insurance policy does not cover essential home systems like your AC, water heaters, computers, and several others from sudden breakdown. BUT! There is now a coverage available called “Equipment Breakdown” that acts basically like a home warranty. For a few dollars a month you can add this valuable coverage on to your policy! Understand this does not provide coverage for normal wear and tear of aging systems but rather sudden “breakdowns”.
To read some more specifics on Safeco’s Equipment Breakdown coverage go here: http://www.safeco.com/homeowners-insurance/features/equipment-breakdown
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