The weather is in the news! It is record breaking HOT in Massachusetts!
How cool are you? At our house we had a bit of an AC issue and we also lost power for a while!
So we are not that cool, but we are working on it!.
As things stay warm, there are two insurance topics we are reviewing in our warm home and I thought it would be an opportune time for all to check on these optional coverages:
Equipment Breakdown: This is a newer coverage option that is available on some homes and buildings. This provides coverage for losses from breakdown of mechanical systems such as boilers, heaters, HVAC, refrigerators. Just a breakdown! It is new, and we have many clients who have added this.
Spoilage: Fortunately for us, our power shortage was only a few hours and we kept our fridge closed! Also we had not stocked the fridge for the weekend!
Not exactly sure how these coverages will work out for us as we do have a $2500 deductible, but if our AC repair adds up, we have some coverage.
As you are staying cool at your home or office, ask yourself if you need these optional coverages? If you do, please let us know and we can review adding these to your insurance program.
Happy Summer! Stay cool!