Technical systems and equipment insurance
This is the cover people think about least and that a rental property needs most often.
How it differs from ordinary property insurance
Ordinary home or property insurance covers damage caused by an external event: fire, storm, a water leak, burglary. But if a boiler or a heat pump breaks simply because something inside it failed, that is not an external event. That is covered by internal breakdown insurance, which is a separate add on.
Estonian insurers call it different things: internal breakdown of technical systems, internal breakdown of household appliances, equipment failure, breakdown of technical systems. The substance is the same.
What comes under it
- Boiler, heat pump, underfloor heating
- Ventilation and cooling
- Electrical system and electrical disturbances
- Lift and the shared technical systems of an apartment building
- Household appliances and smart devices
- Solar panels
Why this matters to a landlord
If the boiler in a rented flat fails in an Estonian winter, that is not simply a repair cost. It is a cost that has to be met immediately, because the tenant cannot live in the cold, and it can bring a claim to reduce the rent. A heat pump or a boiler is a piece of equipment worth several thousand euros.
One detail insurers ask about: whether the equipment has a valid maintenance contract. Regular servicing affects both the price and whether a claim is paid at all.
Ask for offers
Fill in the form and Anna-Liisa will get in touch. She advises as a partner of NB Kindlustusmaakler, an Estonian insurance broker. The service is free for you. We find offers from the insurers and send you a comparison by email.
Other types of insurance
- Home and property insurance. A flat or a house, contents, letting.
- Apartment association insurance. Common property and association liability.
- Commercial property insurance. Office, retail, warehouse, production.
- Construction and renovation insurance. Contractors all risks cover.
- Legal expenses insurance. Rental and other disputes.