Equipment Breakdown Insurance
Equipment Breakdown Insurance:
Too Important to Ignore!
Equipment Breakdown Insurance: Few Coverages Create as Much Confusion and Misunderstanding.
Even the most seasoned insurance professional will admit that the depth and complexity of equipment breakdown policies can be overwhelming. Yet the protection they afford can be crucial to a company's ability to recover from a serious accident stemming from an equipment malfunction.
From agents and brokers, to attorneys and managers, this piece will enlighten anyone with a need to know about reducing exposures from equipment breakdown losses.
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Key Points and Page Numbers
- Equipment Breakdown Entails Many Different Objects – 2
- Standard ISO Coverage Approach – 3
- Exclusions – 5
- Equipment Breakdown Insurance Coverage in Brief – 6
- Limits of Insurance – 7
- Deductibles – 7
- Valuation Condition – 8
- Joint or Disputed Loss Agreement – 8
- Extra Expense Coverage Versus Expediting Expense Coverage – 10