This endorsement provides you with coverage to repair or replace equipment or machinery that breaks down suddenly and accidentally. This coverage protects your appliances due to an electrical or mechanical failure. This coverage is sometimes seen as being similar to a home warranty, but the amount of coverage and the premium are typically the differences. For example, an equipment breakdown endorsement can provide $100,000 in coverage for an average premium of $50.00 for the year, whereas, a home warranty may cost more. Other equipment that is typically covered by this endorsement includes heating and air conditioning systems, computers and computer equipment, water heaters, back-up generators, refrigeration systems, boilers and furnaces.

 Additional benefits offered with Equipment Breakdown Coverage include reimbursement for spoiled inventory (food) resulting from failure of covered equipment, costs incurred for temporary repairs, costs incurred for permanent repairs or replacement, and additional living expenses resulting from damages covered by the endorsement.                                                                                                                                                                                                                                                         

This endorsement provides you with the opportunity to purchase several coverage options at a discounted premium. The coverage options in the Package Endorsement are selected by the insurance company and are combined into one endorsement for your convenience. 

For example, with a package endorsement you may have personal property replacement cost coverage, screened enclosure and carport coverage, animal liability coverage, equipment breakdown, and several other coverage endorsements. Instead of having several different endorsements to maintain, you can purchase the Package Endorsement typically at a discounted premium compared to purchasing individual endorsements with different premiums that could cost you more.                                                                                                                

Coverage C is known as personal property or contents coverage. This endorsement allows you to remove Coverage C from your policy. Per Florida law, you can remove coverage that insures your personal property/contents; however, if you are a condominium unit owner or a renter, you are not eligible to exclude the coverage. The endorsement must include your handwritten statement as required by law. The statement must also be signed and dated by every named insured on the policy. Removing personal property coverage means you will only have coverage for your home but not your contents or personal belongings.

This endorsement is offered by several insurance companies to encourage you to use a contractor, also referred to as a preferred vendor, from an approved list provided by the company for the repairs to your home. By purchasing this endorsement, you will receive either a premium discount or a discount of your All Other Perils deductible listed on your declarations page. The discount does not apply to the hurricane or sinkhole portion of the premium nor the hurricane or sinkhole deductibles. Typically, the work performed by the preferred contractors/vendors is guaranteed by the insurance company.