IMPORTANT CHANGES TO INSURANCE COVERAGE
The following coverages are available with select insurance companies through Harvest Insurance. Please contact our office to see if these coverages are available for your policy.
Many insurance companies either have made this coverage available or will be making this coverage available in the near future. This coverage will be available for purchase for qualifying customers and will provide coverage for overland water damage and ground water damage which are excluded from coverage unless added. Changes to existing sewer back up coverage will also be made when this insurance is available. Unless you have purchased the extended water coverage a sewer back up caused by excessive rain or flooding will no longer be covered.
UNDERGROUND SERVICE LINE COVERAGE
This coverage pays to repair or replace exterior underground water and sewer piping that accidentally breaks, leaks, tears, ruptures, collapses, or for arcing of wiring. This will not cover the cost to unclog a line that is plugged or frozen.
EQUIPMENT BREAKDOWN COVERAGE
This coverage pays to repair or replace household equipment such as furnaces, appliances, heat pumps, sump pumps, washing machines and dryers, freezers, computer equipment and many more. Types of damage that would be insured would be breakdown caused by mechanical or electrical damage.
Many insurance companies are also using credit scoring to rate out insurance policies. The cost of your Insurance policy may decrease based on your credit score. No increase in premium will occur based on the score. Your broker will not see your credit score. It will be sent through a secure data transmission process with the insurance company.
INSURANCE FOR FLOOD, EQUIPMENT BREAKDOWN AND UNDERGROUND SERVICE LINE
Please contact our office and let us know if you would like to have more information sent regarding these coverages or if you wish to be notified when coverages become available for your policy.