TORONTO — The Boiler Inspection and Insurance Co. of Canada, part of Munich Re, has announced a new homeowners insurance program — Home Systems Protection, offering equipment breakdown coverage for heating, cooling, water and power, security, and other home systems and appliances.

Coverages include damage caused by sudden and accidental mechanical or electrical breakdown; loss of use and additional living expenses if a home becomes uninhabitable; and spoilage of refrigerated goods. Coverage also includes efficiency incentives, paying up to 150 percent on a covered loss for replacement of damaged equipment that is better for the environment, safer for people, or more energy or water efficient.

Service Lines Protection is an optional coverage that pays for service line failure — physical damage that results in a leak, break, rupture, or collapse of a pipe or line delivering water, drainage, heat, steam, or power to or from a dwelling. Physical damage can be caused by accidents during digging or other work, root damage, deterioration, freezing, and electrical arcing.

The Boiler Inspection and Insurance Co. of Canada, a member of the HSB Group and part of Munich Re’s Risk Solutions family, provides a range of specialty equipment breakdown insurance coverages for business and home. For more information, visit

Publication date: 1/27/2014

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