The sudden and unexpected mechanical break-down of major household appliances can lead to major frustration, not to mention hefty bills.
But when a breakdown happens, will your critical home appliances be covered?
The standard definition of ‘mechanical & electrical breakdown’ in most homeowner’s insurance policies is defined as:
“The sudden and unexpected malfunction of mechanical and electrical equipment.”
Your fridge is five-years-old and in perfect working condition, then the following happens:
Which of these scenarios will be covered under the Mechanical & Electrical breakdown section of your policy?
What else is NOT covered?
Loss or damage caused by:
There are no worse words an insured homeowner wants to hear than: “It’s not covered.” The first thing you think is: “Well why do I have insurance in the first place?”
But you’ll find the wording in most insurance policies state in layman’s terms: “you hold up your end of the bargain and we will hold up ours”.
As your broker, we urge you to service your appliances regularly and to protect them from the perils of load shedding by installing the appropriate power surge protectors.