Our homes are filled with expensive equipment we depend on for basic comfort. When heating, air conditioning, or appliances such as the refrigerator, oven or entertainment system break down, how can we be prepared for the unexpected cost?
Extended warranties or service contracts usually expire after a few years, but there is an insurance solution which is renewable and costs just pennies a day.
Download the infographic:
What a home equipment breakdown can cost and how insurance can help
What can go wrong?
Washer / dryer
Motors can seize or burn out, or an electrical circuit in the control board can fail.
Burner can fail, blower motor can short and heat exchanger can crack.
Surges, spikes and overloads can cause arcing and short circuits, damaging the main panel, wiring, switches, outlets – even plugged-in devices.
Hot Water Heater
An aging hot water heater can crack or rupture.
TVs and Entertainment
Microelectronics and sensitive circuitry can cause televisions and entertainment equipment to simply stop working, for no apparent reason.
Computers and devices
Power surges can damage or destroy computers without proper protection. If parts break down and are obsolete, units may require replacement.
Home Systems Protection is a blanket breakdown coverage for all your home systems, appliances, and electronics. It is not limited to one item only.
For more information about Home Systems Protection, contact the MyHomeWorks team.
© The Boiler Inspection and Insurance Company of Canada. All rights reserved.
This article is for informational purposes only. All recommendations are general guidelines and are not intended to be exhaustive or complete, nor are they designed to replace information or instructions from the manufacturer of your equipment or software. Contact your equipment service representative or manufacturer with specific questions. Under no circumstances shall BI&I or any party involved in creating or delivering this article be liable for any loss or damage that results from the use of the information or images contained in or linked to in this article.