Smart Savings and Protection for Homeowners

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A great money-saving investment tip for home owners is to enhance their homeowners insurance with appliance and electronics breakdown coverage. For as little as $30 per year, consumers can avoid headaches and costly repair bills when their home appliances and electronics gadgets go on the blink. Items like TV's washers and driers, and computers are all covered.

“A small investment in home appliance and electronics breakdown insurance coverage can save homeowners hundreds of dollars and a lot of aggravation,” noted Eric Hartwell, Capital Insurance Group (CIG), Claims Manager.

With the stress of making ends meet, the last thing most families need is a TV, computer, or washing machine that goes on the blink.

The sad truth is, however, that most homeowners do not budget for repairs on their home appliances or electronic equipment. They take for granted their function and reliability. But when these gadgets do break down – and they do - the repair costs can be devastating.

According to a 2006 Consumer Reports Products Reliability Survey, for most brand name appliances, the repair rates for 3-4 year old major home appliances range between 20% and 43%. As an example, approximately 30% of front-loading washing machines, side-by-side refrigerators with icemakers, and desktop computers require some sort of repair after three-to-four years of use.

“A small investment in home appliance and electronics breakdown insurance coverage can save homeowners hundreds of dollars and a lot of aggravation,” noted Eric Hartwell, Capital Insurance Group (CIG), Claims Manager. “Now our homeowners insurance customers can add the coverage to their existing policy, protecting major appliances and electronic equipment for under $30 a year.”

CIG’s new Homeowner Appliance and Electronics Breakdown coverage provides for out-of-pocket labor and parts expenses, costs of related damages or loss-of-use, and additional living expenses if the homeowner’s dwelling becomes uninhabitable during the repair, and includes coverage up to:

  •     $50,000 per occurrence
  •     $3,000 for spoilage of perishable goods
  •     $3,000 for pollution clean-up
  •     $3,000 for expediting expenses
  •     $3,000 for “Go Green” energy-saving replacement parts or items

Examples of covered household items including refrigerators, computers, stoves, ovens, water heaters, furnaces, air conditioning systems, solar panels, TV security systems, washers, dryers, pumps, pool and spa.

Homeowners interested in obtaining more information about CIG Home Appliance and Electronics Breakdown coverage, should contact a CIG Insurance Advisor, or visit http://www.CIGinsurance.com.

About Capital Insurance Group CIG is the leading property and casualty insurer serving the Western United States. CIG insures personal auto, home, condo and apartment building owners, vacation property, renters and many kinds of commercial and agricultural property. The more than 111-year-old company is rated “A” (Excellent) by A.M. Best, the independent financial monitor of the insurance industry. It has recently been selected for the Ward’s 50 as one of the safest and most efficient property/casualty insurers in the United States. CIG manages personal, business and agriculture risks underwritten by its four affiliates: California Capital Insurance Company, Eagle West Insurance Company, Nevada Capital Insurance Company and Monterey Insurance Company. Types of policies may vary from state to state. CIG Delivers More. Continuously.™
For more information about CIG’s products and services, check out their website at http://www.CIGinsurance.com.

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Sandie Borthwick
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