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, e.g. boiler, HVAC, hot water heater, or damages to the equipment itself. Equipment breakdown (aka boiler and machinery insurance) does not pay for wear and tear.
Answered by: Joel Kivelevitz – Account executive of large business