Our Insurance Comparison Tool allows you to pick the policy that's right for you by comparing every plan offered by Canada's leading providers. Stuck? Our Frequently Asked Questions can answer questions on Equipment Breakdown Insurance
Compare Equipment Breakdown Insurance Policies
|Product name||Max Coverage||Min Premium||Exclusions|
|SME Solutions by AIG Australia Ltd||Max Coverage N/A||Min Premium N/A||
|Property, Energy and Chemicals by AXA Corporate Solutions Assurance Australia||Max Coverage N/A||Min Premium N/A||
|Builder's Risk - Inland Marine by AXA XL||Max Coverage US$100M||Min Premium US$10K||
|Super Yachts by Trident Marine Insurance Pty Ltd||Max Coverage N/A||Min Premium N/A||
|Commercial Strata by Strata Unit Underwriters||Max Coverage N/A||Min Premium N/A||
|Residential Strata by Strata Unit Underwriters||Max Coverage N/A||Min Premium N/A||
|Contractors Plant by MECON Insurance Group Pty Ltd||Max Coverage N/A||Min Premium N/A||
|Residential Strata by Longitude Insurance Pty Ltd||Max Coverage AUD20M||Min Premium N/A||
|Tropical Strata by Brooklyn Underwriting Pty Ltd||Max Coverage AUD50M||Min Premium N/A||
|Residential Strata by CHU Underwriting Agencies Pty Ltd||Max Coverage N/A||Min Premium N/A||
Frequently Asked Questions(click to expand)
What Is Equipment Breakdown Insurance?
Who Needs Equipment Breakdown Insurance?
Typical sectors that require Equipment Breakdown insurance include:
- office buildings
- municipal buildings
- healthcare facilities
- auto repairs
- information technology
What Types Of Machinery Are Covered By Breakdown Insurance?
- computers and telecommunications equipment
- business equipment (photocopiers, fax machines, printers, etc)
- boilers and pressure vessels
- heating and ventilation systems (HVAC)
- air conditioning
- electrical equipment
- production machinery
- security systems (CCTV , fire alarms, etc)
- retail point of sale equipment
- escalators and elevators
- water pumps
- food processors
What Does Equipment Breakdown Insurance Cover?
A piece of equipment could breakdown for any number of reasons, including:
- moisture or high humidity
- overloaded circuit
- electrical surges or power interruption
- loose connections
- foreign materials
What Is Not Covered By Equipment Breakdown Insurance?
- general wear and tear
- gradually developing conditions
- rust, decay or general deterioration
- negligence or poor maintenance
- deliberate acts
How Is Equipment Breakdown Insurance Sold?
How Much Does Equipment Breakdown Insurance Cost?
The same applies to restoration costs for a business interruption which will compensate for any potential financial loss incurred during the halting of service.