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Agents Can Profit When Insurers Add Homeowners Equipment Breakdown
"Yes, You're Covered," It's a Powerful Message that Helps You Compete
When the furnace broke down in a family's home, the owners asked their
insurance agent and property carrier for help. Did they have coverage?
Would it pay for part of the repairs? Yes, the owners were told, the loss
was covered. The company offers a new benefit in its policies - homeowners
equipment breakdown.PAYS FOR NEW FURNACE
Unlike most homeowners coverage which excludes equipment breakdowns, the insurer added HSB's Homeowners Equipment Breakdown program. Since the heat exchanger had cracked due to metal fatigue, the equipment breakdown coverage paid $4,808 to replace the furnace with a heat pump.
EASY TO ADD COVERAGE
HSB makes it easy to add the coverage. For pennies a day, homeowners get protection against the breakdown of key equipment. HSB recently paid $709 after the homeowners deductible to help repair a home's central air conditioning compressor; $150 for a cracked water heater; $274 for another water heater with a broken valve.
GOOD FOR BUSINESS
The coverage means a lot to homeowners facing unexpected repairs. As houses become bigger and better equipped, a breakdown might cost thousands of dollars. Equipment breakdown coverage sets your agency apart with superior products, helping you keep good business and compete for new customers.
PROTECT HOME EQUIPMENT
In addition to heating and cooling systems, HSB's Homeowners Equipment Breakdown covers a range of equipment. Click here for a partial list. It also can pay temporary living expenses if a home is uninhabitable because of a covered breakdown and for spoilage due to a covered breakdown of built-in food or wine storage units.
WE CAN MAKE IT "GREEN"
Our homeowners equipment breakdown coverage may include the extra cost of replacement equipment that is better for the environment, safer and more efficient. With so many families today concerned about global warming and the environment, this "green" feature can help you sell the coverage.
THEY'RE COUNTING ON YOU
Your customers count on you to provide the insurance coverage they need. Homeowners equipment breakdown can help fill a coverage gap and keep the policy up to date. It's available through HSB partner insurers as an enhancement to their homeowners policies and is backed by HSB's unmatched product and claims reputation.
Ask the carriers you represent if they offer homeowners equipment breakdown coverage, or call HSB toll-free at 1-888-665-3688.
