Trade Lake Mutual Insurance

Equipment Breakdown Coverage For Homeowners

Affordable protection for sophisticated household equipment

From kitchen appliances to home entertainment equipment to air-conditioning systems, more and more of today’s homes are outfitted with sophisticated equipment. In response to this progress, we offer equipment breakdown coverage for homeowners’ policies. With no upcharges for our best protection, this equipment breakdown enhancement helps protect you from costly equipment breakdowns at a competitive price.

Enhanced features beyond standard homeowners policy

  • Coverage up to $100,000 responds to a variety of equipment breakdown losses 
  • Primary coverage provided for artificially generated electrical surges
  • Additional layer of electrical surge protection available with surge gap coverage
  • Spoilage coverage up to $10,000 for lost fresh and frozen goods due to an equipment breakdown
  • Sump pump overflow coverage
  • Coverage for heating and cooling water piping system or appliance damaged by equipment breakdown
  • New generation coverage provides up to 50 percent more loss payment when making efficient equipment upgrades
  • Highly responsive claim services backed by more than 160 years of personal lines experience 

Sample Losses

Air conditioner compressor had a mechanical breakdown and required replacement

TOTAL LOSS: $4,200

A Whole home electrical lightning system suffered an electrical breakdown including burned-out master controller

TOTAL LOSS: $50,000

A voltage spike damaged home entertainment equipment, including a receiver, Blu-ray player and flat screen television

TOTAL LOSS: $6,000

Due to excessive heat, a liner weld crack formed on an 80-gallon solar hot water tank. The entire system, including solar panels, was replaced

TOTAL LOSS: $12,055

Covered Equipment: