The Hartford Steam Boiler Inspection and Insurance Company has announced a new concept in homeowners insurance that combines breakdown coverage for home equipment systems, appliances and electronics with a suite of home energy management services to help policyholders save money.
HSB HomeWorks includes the broadest breakdown coverage now available for heating, cooling, water and power, security and other home systems, appliances and electronics. In addition, HSB's service suite helps policyholders operate their homes more efficiently and reduce their energy expenses, including switching electricity suppliers to the lowest-cost provider in deregulated states.
“Homeowner carriers are increasingly looking for ways to differentiate their products in the marketplace,” said Anthony J. Trivella, executive vice president at HSB, part of Munich Re. “When they add our program to their policies, HSB HomeWorks provides coverage and energy-savings tools that can re-energize and elevate their homeowners products. It's an innovation unlike anything in the market today.”
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