property insurance coverage westchester ny
  • By Allan M Block Blogging Team
  • Posted March 3, 2020

Does Property Insurance Cover Equipment Breakdown?

Don’t assume your property insurance covers equipment breakdown.

Equipment breakdown coverage is not always standard on your commercial package, and a breakdown can lead to costs well beyond the repair of the machinery.

The good news is you can easily add equipment breakdown coverage to your insurance portfolio. This type of policy historically has been called "boiler and machinery" coverage, but now includes other types of machinery and mechani­cal equipment crucial to your business. For instance, your company may have unique electrical or pressurized mechani­cal equipment that could fail and cause property damage. Such items are examples of equipment covered under this important insurance policy.

This coverage is recommended for not only building owners but some lessees/ tenants as well. In the event of a claim, the insurance company may consult the lease contract to determine who is responsible for the items that have been damaged.

Equipment breakdown insurance typically also insures against loss of income, and many insurers offer a package that includes regular inspections and maintenance of key systems. From telephone systems and refrigeration components to huge HVAC systems for skyscrapers, your company can protect against operational losses with this crucial policy.

For more information or answers to your insurance questions, contact us at Allan Block Insurance Agency,, located in Tarrytown, NY in the heart of Westchester County, a key business district near New York City.  We write auto, home, renters, condo, co-op, personal, business, life and group insurance for clients locally and in NYC, CT, NJ, PA, MA and many other states. The Professional Agency with the Personal Touch.