Share This:

Equipment Breakdown Insurance

Regardless of size, your property likely has insurable equipment breakdown exposures.
  • Most churches and schools have boilers for heating purposes. Boiler failures, normally caused by low-water conditions resulting from inadequate maintenance, are the leading cause of loss.
  • Almost all properties have air conditioning equipment. Air conditioning equipment is another area where loss potential is significant from both a frequency and severity perspective.
  • Air compressors are used to supply compressed air to organs and may suffer a mechanical breakdown. You have switchboards and electrical distribution systems subject to electrical breakdown of the air conditioning system. In fact, electrical failures, on average, are more costly than boiler failures.
Additional exposures may include the extra expense to hold services elsewhere and food spoilage caused by mechanical or electrical breakdowns.
 Boilers – Religious Institutions

Boilers – Schools and Learning Institutions

Boilers – Apartments
Learn more about Equipment Breakdown coverage in this recorded webinar. The webinar will explore: 
  • The termination of the old mono-line model
  • The new coverage enhancements
  • The common causes of Equipment Breakdown
  • How this new product is underwritten

For more information about the policy covering your property, please contact your conference treasury department.
This summary briefly describes some of the coverage(s) and services available. This summary does not provide coverage of any kind, nor does it modify the terms of any policy. For precise details of coverage, please refer to the policy documents.