Pardrdge Insurance’s partner Grinnell Mutual offers Equipment Breakdown Insurance through Mutual Boiler Re to homeowners. Here’s how one couple came to appreciate Equipment Breakdown coverage.
THE JOY AND AGONY OF HOMEOWNERSHIP
This couple had moved into their first home roughly eight years ago. The house was a dream compared to their 750-square-foot apartment. With a growing family, it was time to get more space.
The newly-built, 1,300-square-foot home had three bedrooms and two bathrooms. It was their new castle. Friends that came to visit marveled at the new home. New carpet, new furnace, new water heater, central air.
But they noticed that one neighbor seemed to always have something breaking down in his home. First, his furnace shorted out. Next his water heater ruptured. Even his A/C seized up on him one summer. They were alarmed that these still-new homes could have such significant issues. The couple figured he was cursed and they were immune. He just had bad luck. Right?
Everything changed when the couple started the daunting project of partially completing their basement this past fall. One night the couple awoke to a freezing house. They scoured YouTube, but couldn’t find a way to get the hot air moving again. The cause of the breakdown was an electrical issue with the fan motor and circuit board. $1,540 went from the basement project to the furnace repair.
“Okay,” they thought, “back to life as usual.” Three weeks later, the washing machine’s electrical motor seized. Again, the couple took to the internet. After several trips to the local appliance parts store and many hours of reassembly, the water heater was still useless. $800 later, they owned a new washing machine.
EQUIPMENT BREAKDOWN CAN HELP YOU IN YOUR TIME OF NEED
Equipment Breakdown endorsements may cover many electrical breakdown, mechanical breakdown, and pressure system losses. (Rust, normal corrosion, deterioration, and age-related wear are normally excluded.)
Equipment Breakdown is one coverage every homeowner should request. Contact your Grinnell agent today to add Equipment Breakdown to your homeowners policy.
Contact Pardrdge Insurance today for more informaton and details at 815-758-4447.
The information included in this publication was obtained from sources believed to be reliable, however Grinnell Mutual Reinsurance Company and its employees make no guarantee of results and assume no liability in connection with any training, materials, suggestions or information provided. It is the user’s responsibility to confirm compliance with any applicable local, state or federal regulations. Information obtained from or via Grinnell Mutual Reinsurance Company should not be used as the basis for legal advice or other advice, but should be confirmed with alternative sources.
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