It seemed routine when the owners of a three-story apartment building hired a contractor to sand the hardwood floors. Instead, the crew's negligence led to a $187,548 loss that damaged the electrical system and drove 28 tenants from their homes. TAPPED THE LINE The classic brick building was restored and renovated years before and it was time to refinish the floors. The refurbishing crew connected their sanding equipment directly into the main electrical service, however, causing a short circuit. CAN'T COLLECT THE RENT Electrical arcing damaged the main service switch, distribution panel and switches and meters for 28 apartments. HSB paid $131,739 in repairs and $55,809 in lost income because the property management company couldn't collect the rents. Click here for other examples of typical equipment breakdowns.

IT REALLY HITS HOME
An equipment breakdown really hits hard in apartments and condominiums. It's bad enough for any business to close because of a breakdown, but apartment and condominium residents can be left homeless. A building owner must complete repairs as quickly as possible, often incurring extra expense.

HSB HAS IT COVERED HSB's equipment breakdown coverage can pay for lost business income and extra expenses needed to provide for tenants and expedite repairs. That includes rented air conditioning units, boilers, or backup generators. Our claim specialists know how to locate the equipment that your clients need.

"MOST WANTED" APARTMENTS Click here to view the equipment exposures that are typically found in apartment buildings. HSB often writes equipment breakdown policies for this class of business. In fact, apartments and condominiums are on our "Most Wanted List" of customers.

WE KEEP UP WITH CHANGING EXPOSURES
Our specialty coverages keep up with changing exposures. HSB's Data Compromise program, for instance, can help apartment owners respond to a breach of the personal information they keep on renters and others. With identity thefts soaring, most states require they do so; would your customers know how?

HSB HELPS PROTECT YOUR CLIENTS
It takes equipment to provide the security, comfort and convenience that residents expect in apartments and condominiums. Protect the building owners that your represent with equipment breakdown coverage from HSB.