Compare Breakdown Cover For Your Equipment Protection

2007-11-09 05:11:17

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If your equipment goes haywire, your property or casualty insurance probably won't cover your costs because it only covers the damage to your equipment from external causes such as a flood, a tree which accidentally falls on your roof, or fire. Breakdown cover, on the other hand, protects your equipment from damages that internal factors, such as mechanical failure and electrical short circuit, may cause.

The standard breakdown coverage is not only limited to a boiler breakdown, but it is also applicable to a vast array of other equipment, including air conditioning, central heating, electrical, computer and telephone systems. Breakdown cover does not come cheap, and the only way you can save on your premium is to shop around and compare breakdown covers from different providers.

When you compare breakdown cover, do not automatically go for the cheapest quote. It may not offer you the same protection as others that may offer a broader coverage in exchange for paying a few more dollars. In terms of deriving value from the money you pay, the cheapest quote may work out to be more expensive.

As you compare breakdown cover for your computer equipment, keep in mind that the coverage applies only to the hardware, and not the software. Your computer equipment must have incurred some sort of physical damage, such as a massive power surge beyond your control that destroys the computer hard drive. Software issues, like bugs or viruses, resulting in computer failures are not covered. Read the fine print when you compare breakdown cover.

A breakdown cover comprises the cost of repairs or replacement of damaged equipment. Frequently, but not always, it includes business interruption and service interruption coverage, which protects you against lost business or income resulting from computer-related breakdowns. You may want to look out for these additional features when you compare breakdown cover.


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