A Complete Overview of Farmers Insurance Equipment Breakdown Coverage

As a homeowner you rely on appliances and systems like refrigerators, air conditioners and furnaces working properly. But when these unexpectedly break down, repairs or replacements can cost thousands of dollars. That’s why Farmers Insurance offers Equipment Breakdown coverage – to protect homeowners from these costly mechanical and electrical failures.

In this comprehensive guide, we’ll explain what Farmers Equipment Breakdown coverage includes, what it pays for, who needs it, and more. Read on to see if this valuable coverage should be part of your Farmers Homeowners Insurance policy.

What is Farmers Equipment Breakdown Coverage?

Farmers Equipment Breakdown coverage provides protection in the event of an unexpected mechanical or electrical breakdown to home systems and appliances. It covers things like:

• Air conditioning and furnace failures
• Electrical surges that damage electronics
• Refrigerator breakdowns causing food spoilage
• Water heater leaks or explosions

Equipment Breakdown fills gaps left by warranties and standard home insurance Having this coverage means you don’t pay costly repair and replacement bills out-of-pocket when covered equipment unexpectedly fails

What Does Farmers Equipment Breakdown Insurance Cover?

Farmers Equipment Breakdown covers breakdowns and failures to a wide range of home equipment such as:

• Major appliances: refrigerators, dishwashers, ovens, etc.
• Electronics: TVs, computers, game consoles, tablets
• HVAC systems: furnaces, central air, heat pumps
• Plumbing: water heaters, sump pumps, septic systems
• Well pumps, swimming pools, and hot tubs
• Home security systems, generators, and lighting
• And more!

Coverage applies as long as the equipment is located within your insured home or within 1,000 feet of the residence premises.

Additional Coverages Provided

Along with covering equipment, Farmers Breakdown insurance also includes other valuable protections:

• Food Spoilage: Up to $500-$5,000 for food spoilage due to fridge/freezer failure.

• Temporary Living Expenses: Pays for hotel, restaurant, and laundry costs if your home is unlivable during repairs.

• Expediting Expenses: Covers rush delivery and temporary rental fees while waiting for permanent repairs or replacements.

• Environmental Upgrades: Pays the additional cost to replace outdated equipment with newer, more energy efficient models.

• Business Interruption: Reimburses lost home business income if an equipment failure suspends your operations.

Key Benefits of Farmers Equipment Breakdown Coverage

There are many advantages to adding Equipment Breakdown coverage from Farmers:

• Affordable Premiums: Typically costs $40-$100 per year for robust coverage.

• High Limits: Policies up to $100,000 ensure even major losses are covered.

• Broad Equipment Eligibility: Single policy protects all your essential systems.

• Power Surge Protection: Electrical surge damage is a major cause of equipment failure covered under this policy.

• Food Spoilage: Up to $5,000 for refrigerator/freezer breakdowns helps you restock.

• Fast Claims Service: Farmers is rated “A” by the BBB for claims handling.

• Reduces Out-of-Pocket Costs: Farmers pays your repair bills directly so you avoid steep bills.

For relatively low cost, Equipment Breakdown coverage provides substantial protection for homeowners against unpredictable and costly equipment breakdowns of all kinds.

What’s Not Covered by Farmers Equipment Breakdown?

While the Farmers coverage is comprehensive, there are some losses it won’t cover:

• Normal wear and tear or deterioration

• Corrosion and rust

• Inadequate maintenance, repairs, or installations

• Accidental property damage from other causes like fire or theft

• Breakdowns to equipment mainly used for business

• Gradual reduction in performance due to lack of maintenance

Damage from causes covered under standard homeowners insurance like wind, lightning, and vandalism would still be covered. But Equipment Breakdown fills the gaps left by those basic policies.

Who Needs Farmers Equipment Breakdown Coverage?

This coverage provides important protection for any homeowner who relies on functioning appliances, electronics, HVAC systems and more in their house. It’s especially crucial for:

• Homes with expensive, high-end appliances and electronics

• Homes heated and cooled by heat pumps, boilers or central air systems

• Homeowners with appliances over 10 years old that may be more prone to breakdowns

• Any homeowner wanting to avoid surprise repair and replacement costs

Even with service contracts and warranties, Equipment Breakdown is essential for complete peace of mind.

How Much Does Farmers Equipment Breakdown Coverage Cost?

The cost of Farmers Equipment Breakdown coverage depends on factors like:

• Your coverage limit amount

• The policy deductible amount

• Your Farmers home insurance claims history

However, here are some ballpark annual prices:

• $50 for $5,000 of breakdown coverage

• $75 for $10,000 of breakdown coverage

• $125 for $25,000 of breakdown coverage

Considering most major appliance or system breakdowns cost $1,000 or more, this coverage provides excellent value for the premium cost.

How Do I File a Farmers Equipment Breakdown Claim?

If you suffer a covered equipment breakdown, follow these steps:

• Take photos of the damage and faulty equipment if possible

• Call 800-435-7764 or your Farmers agent to report the loss right away

• Provide equipment details, repair estimates/invoices, and any other claim documentation

• Allow a Farmers adjuster to inspect the breakdown

• Make repairs and submit receipts for reimbursement up to your coverage limits

Farmers will send your claim payment for covered losses minus your policy deductible. Having this coverage makes the process much smoother.

Get Valuable Breakdown Coverage from Farmers

Major appliances, electronics, and home systems breaking down can easily cost thousands in repairs or replacement. Don’t get stuck footing these unpredictable bills. Add comprehensive Equipment Breakdown coverage from Farmers for affordable protection against electrical and mechanical failures of all kinds.

To learn more and get a quote, contact your local Farmers agent today. Equipment Breakdown coverage is a small investment that can end up saving you a fortune by avoiding expensive equipment repair and replacement costs down the road.