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What Is an Elevator Maintenance Agreement?

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An elevator maintenance agreement is essentially a type of insurance that protects property owners from the erratic and unpredictable costs of elevator service, maintenance, and repairs by offering a fixed rate for each service. As with most insurance, though, it can become confusing when comparing policies and understanding specifics. Below are some helpful things to consider when comparing policies.

What’s Included?

Elevator maintenance agreements are vital investments in the safe performance, durability, and useful life of your elevator systems. As with almost anything in a building, routine maintenance is your best defense against malfunctions and damage. But when compared to many other facility assets, problems with elevators can be astronomically more costly for you and often more inconvenient for—as well as potentially dangerous to—riders.

It’s important to note that not all elevators are the same, and elevator maintenance plans and procedures vary widely. The maintenance strategy and agreement that’s right for your facility depends on a number of factors, including:

  • The number of elevators in the building
  • The brand, model, and year of the elevator(s)
  • The type, age, layout, and condition of your facility
  • The current condition of your elevator(s)

Based on all this information, a professional elevator technician can give you a fair estimate of the health, specific needs, and potential risks facing your facility’s elevator system. Typically, these estimates are complimentary.

If you’d like to know more about elevator maintenance agreements, call the maintenance pros at MaintenX today!