West Virginia Equipment Breakdown Insurance

Your Guide to West Virginia Equipment Breakdown Insurance

West Virginia Equipment Breakdown Insurance

Your business has a lot of policy options when it comes to protecting your bottom line. If your company is in the habit of making money and not shelling it out for a loss, you'll want to have proper coverage. West Virginia commercial insurance can have protection for equipment that breaks down. 

A West Virginia independent insurance agent has access to several carriers at once, giving you the best insurance in town. They'll search the markets to find a policy that suits your needs. Connect with a local expert to get started in minutes. 

What Is Equipment Breakdown Insurance?

In West Virginia, Equipment breakdown insurance will protect your property from a specific claim. Both property insurance and equipment breakdown are necessary to have sufficient coverage. Check out how it works.

What Does Equipment Breakdown Insurance Cover in West Virginia?

Equipment breakdown insurance will provide coverage for boilers, air conditioners, freezers, refrigerators, heavy machinery, and contractors equipment. It's separate from your other property coverages and will pay for a different kind of property loss. 

Equipment breakdown covers damage from the following losses.

  1. Power surges
  2. Electrical shorts
  3. Mechanical breakdowns
  4. Motor burnout
  5. Operator error
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What Does Equipment Breakdown Cover under Your West Virginia Home Insurance?

The cost of annual homeowners insurance in West Virginia is below the national average at $940. Some policies will include a limit of protection for your equipment when it breaks down. Other carriers won't and could make you add it for an additional premium.

Equipment breakdown coverage on your home policy usually starts at a $10,000 limit and can be adjusted from there. It will cover your major appliances such as air conditioners and water heaters. 

Equipment Breakdown Coverage under Commercial Insurance in West Virginia

In West Virginia, $1,699,944,000 in commercial insurance claims alone were paid in one recent year. Business equipment breakdown can help your bottom line when you need it most. Check out what it pays for below.

  • The repair or replacement of damaged equipment
  • Lost income resulting from damaged equipment
  • Spoiled inventory like food or other products
  • Additional expenses accumulated as a result of damaged equipment

Does Business Property Insurance Cover Equipment Breakdown in West Virginia?

Your West Virginia commercial property policies won't come automatically with equipment breakdown coverage. For this loss, you'll be required to pay out of pocket or have protection beforehand. Business property insurance covers the following items.

  • Fire
  • Theft
  • Natural Disasters

Standard insurance will not cover power surges, electrical shorts, mechanical breakdowns, motor burnout, and operator error when it comes to your business property. However, if you have obtained equipment breakdown coverage, you'll have some options.

How to Connect with a West Virginia Independent Agent

Your business insurance is essential and protects you from all the what-ifs. In West Virginia, equipment breakdown coverage helps cover a big expense if a piece of property fails to work. Each policy comes with options, and that can be tricky when you're not a licensed professional. 

Fortunately, a West Virginia independent insurance agent can help with coverage and premiums that won't break the bank. They'll even do the shopping for free, making it a no-brainer. Connect with a local expert on trustedchoice.com and start saving today.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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