Equipment Breakdown coverage for investment properties
Our Equipment Breakdown insurance covers the physical and financial damage that can result from mechanical or electrical breakdown of many types of equipment at your investment property. National Real Estate Insurance Group offers Equipment Breakdown coverage to help protect your properties that is among the broadest in the industry, extending coverage to many types of equipment that others exclude.
Submit your property information using our online proposal request, and receive a custom proposal. An agent will contact you to go over your insurance options and help you choose the best coverage for your specific situation.
Start a proposal request to get Equipment Breakdown coverage today!
What does Equipment Breakdown insurance cover?
Equipment Breakdown coverage helps protect your properties from damage caused by accidental failure of equipment on the premises. Some of the coverages include:
* Please note that this coverage is for sudden and accidental damage and does not extend to wear and tear or deferred maintenance of equipment.
What equipment is covered under Equipment Breakdown insurance?
Equipment failure is often excluded from property coverage. The following exposures may exist on your property and are included under NREIG’s Equipment Breakdown coverage: Computer-controlled equipment, security and alarm systems, electrical panels and distribution systems, heating systems and hot water heaters, A/C equipment and refrigeration systems, emergency generators, and elevators, lifts, and hoists.
How much does Equipment Breakdown insurance cost?
NREIG’s Equipment Breakdown insurance coverage is affordably priced, based on the value of the property. Because of our monthly reporting form, you can pay for coverage monthly, never paying for more than you need.
Why choose us for Equipment Breakdown Coverage?
Ease of Use
Insure your entire investment portfolio on one monthly report
Monthly Payments
Set up auto pay and pay for coverage monthly as-you-go
Leading Carriers
All coverage are underwritten by AM Best “A” or better rated carriers
Nationwide Coverage
Insure your entire portfolio across all 50 states
Add more coverage to Equipment Breakdown insurance
National Real Estate Insurance Group has property and liability insurance solutions to accommodate just about any type of investment properties. After you request a proposal, an agent will contact you to discuss the best coverages for your investment.
Need to speak to an agent?
Please give us a call at 888.741.8454 to speak to a licensed insurance professional. If you would like to discuss your specific location, please request an insurance proposal and one of our agents will contact you shortly.
Want to learn more about Equipment Breakdown Coverage?
Read one of our articles or go to our Resource Center to learn more about different insurance topics.
Basic, Broad, or Special- Which Insurance Coverage Form is Right for Me?
If you’ve shopped for property insurance before, you may have noticed that some policies list Covered Losses as Basic, while [...]
What is Cash for Keys and How to Avoid Tenant Damage?
What do you do when a normal check-out scenario clearly won’t work with your current tenant? Maybe they're months behind [...]
Top 4 Myths About Renters Insurance
Get the truth about one of the most valuable policies around. Renters' insurance is an often-forgotten coverage that is surprisingly [...]
Understanding Coinsurance on Your Investment Property
Coinsurance is an industry-wide property provision that states the amount of coverage that must be maintained as a percentage of [...]