Protecting Home Equipment Can Save Thousands in Replacement Costs
Des Moines, Iowa (PRWEB) June 8, 2009 -- A ruptured hot water heater, a failed geo-thermal pump or an electrical surge (http://fredericksburg.com/News/FLS/2009/042009/04282009/462418/printer_friendly) could happen at any moment, and potentially leave an underinsured property owner with $30,000 or more in replacement costs.
A quick walk through a typical U.S. household instantly demonstrates the significant investment homeowners have in electronics, appliances and home systems: high-definition televisions, computers, DVD players, refrigerators, HVAC systems, furnaces, hot water heaters and more. Often overlooked, some homeowners' policies do not protect property owners from the failure of this equipment. With less disposable income in today's economy, many homeowners cannot afford to replace all of their electronics and home appliances at once. Now, more than ever, it is crucial to protect these valuables and minimize the financial worry.
"Damage or failure of home equipment and electronics can be a devastating loss, and can result in thousands of dollars in repair and replacement. But protecting residential equipment doesn't have to be costly," says Susan Halterman, product and data management vice president for Farm Bureau Financial Services. "We offer affordable coverage to help our customers be proactive in protecting their expensive home equipment. This coverage is available to customers who have our Farm Bureau Member's Choice policy, for as little as $2 per month per household for up to $50,000 in coverage per occurrence."
Halterman says this specialized equipment breakdown coverage allows homeowners to quickly bounce back after a mechanical or electrical breakdown. Home electronics and appliances are covered in the event of mechanical or electrical breakdown; artificially generated electrical current; and rupture, bursting, bulging, implosion or steam explosion.
"While many commercial insurance policies offer this type of coverage, it's not often found on a personal homeowners' policy," says Halterman. "With the current economy, we understand homeowners are doing everything possible to protect their families from loss while also trying to minimize their expenses. Now, more than ever, homeowners need to review their policies to ensure that their coverage meets their needs. Our customers can easily insure these high-value, high-cost items with our low-cost residential equipment breakdown (http://www.fbfs.com/content/insurance/home-property/residential-equipment-media/default.cfm) coverage."
By selecting the right coverage, homeowners can prevent unnecessary headaches and unpleasant surprise expenses.
To learn more about residential equipment breakdown coverage, visit www.fbfs.com for more information or to find an agent (http://www.fbfs.com/fbfs/contact/index.cfm) near you. Farm Bureau Financial Services is now on Twitter. Follow @FBFS (http://twitter.com/FBFS). Current customers can contact their agent about adding residential equipment breakdown coverage to their Farm Bureau Member's Choice (http://www.fbfs.com/content/insurance/farm-bureau-members-choice-media/default.cfm) policy.
About Farm Bureau Financial Services
Through an exclusive, multi-state agent force, the companies affiliated with the Farm Bureau Financial Services brand underwrite, market and distribute a broad range of financial services products, including life insurance, investments, annuities, property-casualty insurance products and services and more, to individuals and small businesses within a marketing territory that includes 15 states. For more information about products and services, log on to fbfs.com, or call or visit your local Farm Bureau agent. Follow Farm Bureau Financial Services on Twitter, @FBFS.
Coverage terms and provisions are determined solely by forms which are issued after purchase and made part of the insurance policy.
Contact:
Nancy Doll
Nancy.Doll(at)FBLFinancial.com
515.226.6215
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