Everything you need to know about real estate insurance
DOES EQUIPMENT BREAKDOWN INSURANCE COVER ME IF MY BOILER OR EQUIPMENT BREAKDOWN AND NEEDS TO BE REPAIRED/REPLACED?
Equipment breakdown coverage is insurance for damage that happens to the building caused by equipment that maintains the building, i.e. boiler, HVAC , hot water heater. Equipment breakdown (AKA boiler and machinery insurance) does not pay for wear and tear.
Answered by: Joel Kivelevitz – Account executive of large business