Extreme weather events—including severe winter storms, heavy rainstorms, tornadoes, and wildfires—are leading to longer power outages. Prolonged power outages can potentially result in damage to your home and other losses. Without power, pipes can freeze and burst; sump pumps can fail, leading to water damage; and food can spoil.
Given this growing risk—and the importance of power reliability for safety, comfort, and connectivity—many homeowners are investing in backup power systems. There are two primary types of backup systems, gas generators and battery generators. While both can provide an immediate backup power supply, each has its benefits and drawbacks. Homeowners should evaluate their specific needs and risks when upgrading their home with a backup generator.
Gas generators run on natural gas, propane, diesel, or gasoline. Power from an internal combustion engine is converted into electricity that can keep your home’s appliances, electric heating, and electronics running.
Battery generators, often referred to as portable power stations or backup battery systems, are devices that store electrical energy in batteries, which can then be used to power appliances. They are becoming increasingly popular as an alternative to gas generators due to advances in battery technology.
When selecting a generator for home use, consider the following factors:
Ultimately, your unique circumstances should guide your selection of a power backup system for your home. A robust backup solution can help protect your home, as well as provide comfort and security during power outages. In addition, reach out to your broker to find out if you can earn a discount on your homeowners insurance policy by installing a permanent backup generator.
This document is advisory in nature and is offered as a resource to be used together with your professional insurance advisors in maintaining a loss prevention program. It is an overview only, and is not intended as a substitute for consultation with your insurance broker, or for legal, engineering or other professional advice.
Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.chubb.com. Insurance provided by Chubb Insurance Company of Canada or Chubb Life Insurance Company of Canada (collectively, “Chubb Canada”). All products may not be available in all provinces or territories. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued.