Are Your Electronics Covered by Homeowners Insurance?

The cost to replace or repair your electronics can add up quickly. You have homeowners insurance, but you may be wondering if your electronics are covered? The short answer is… it depends. There are several factors that impact whether or not your devices are covered. We dive into what you need to know for several scenarios.

Coverage for Damages Caused by Weather, Disasters and Theft

In general, your homeowners policy will provide coverage to repair or replace certain items if they’ve been stolen or damaged by fire or another covered event. However, it’s important to review your policy for any special limits that may apply. There may be limits as far as how much is covered for certain types of personal property. Your homeowners insurance may also only pay the item’s current value rather than paying the cost to replace.

Power Surges

Wicked weather can occur without much warning. It’s a familiar scenario, you start to see the clouds roll in, and before you know it the rain, lightning and thunder have begun. Before you even think to unplug your computer or television, your power cuts out. But, when the lights come back on your television won’t turn back on. A power surge occurs when there’s a sudden spike in electricity and can damage or ruin your devices quickly.

In many cases, the personal property coverage within your homeowners policy will pay for damage to your electronics if the power surge was caused by lightning (up to your policy’s limits). However, if the power surge was not caused by lightning, your electronic devices may not be covered.

Ask your Farm Bureau agent about the benefits of adding our Residential Equipment Breakdown Coverage to your Farm Bureau Member’s Choice policy. For just a few dollars a month, it protects your home systems, electronics and appliances in the event of mechanical or electrical breakdown, artificially generated electric current and rupture, bursting, bulging, implosion or steam explosion.

Coverage You Can Count On

The last thing you want to worry about is if your property is protected should the worst happen. Your local Farm Bureau Financial Services agent will work with you to help protect everything from your home to your auto and the in-between.