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Equipment breakdown coverage, also known as mechanical breakdown, provides financial protection in the event that essential machinery for the operation of a business or property suffers unexpected damages.
This endorsement can include: appliance breakdown insurance, boiler and machinery insurance, coverage for HVAC systems, electric generators, refrigeration systems, industrial production equipment, among others.
Breakdown coverage helps with the costs of repairing or replacing the instrument, as well as related additional expenses, such as loss of income due to business interruption or the costs of renting temporary replacement tools.
It is important to note that this protection is not included in standard property insurance policies and is usually added as an additional.
Equipment breakdown coverage protects you from potential mechanical accidents or electrical failures of equipment at your home. It is a rider that you can add to your Homeowners, Renters, Condo, or Mobile home policy and it includes only personal belongings.
At PSIC, this protection assists you in mitigating repair or replacement expenses in the unfortunate event of breakdown, damage, or any other covered loss.
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5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807
Copyright © McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 17486061 The insurance policy, not the contents of this website, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed on this website. Coverage may differ by state.
Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.
Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.
Categories of Personal Information Collected
Purposes for Collecting and Using Your Personal Information
Managing Human Resource Functions:
Conducting business operations:
Monitoring:
Compliance with:
Investigating:
We will not retain your personal information for longer than necessary for the purposes set out in this notice. Different retention periods apply for different types of personal information.
When it is no longer necessary to retain your personal information, we will delete or anonymize it.