On a rental property the appliances and the cooling system are yours, and when one fails in an Arizona summer it is not an inconvenience, it is a habitability problem with a clock on it.
A mechanical breakdown is not a covered peril on a standard form. Equipment breakdown cover is a separate endorsement.
Three things about the machinery you own and the tenant uses.
If a storm destroys the condenser, that is a covered peril. If the same unit simply fails after twelve years, that is mechanical breakdown and a standard landlord policy pays nothing. The distinction is about cause rather than consequence, and in a rental the consequence is identical either way.
A rental without cooling in July is a habitability issue and the law is not patient about it. An owner facing an uncovered failure and a legal obligation to fix it quickly is in a worse negotiating position than one who planned for it.
Many carriers offer it for a modest premium and it covers the failure of mechanical and electrical systems, including the resulting damage. On a rental with aging systems it is one of the better value additions available.
The systems you are responsible for.
It decides both the likelihood and whether carriers want the endorsement on it.
Not standard, usually inexpensive, rarely offered unless asked for.
Appliances, water heater, pool equipment. All of it can fail.
Tell us the age of the cooling system and which appliances belong to you.
We add equipment breakdown, which standard quotes never include.
Request a quote