EQUIPMENT BREAKDOWN INSURANCE

(Boiler & Machinery Insurance)


COVERAGE

Breakdown of equipment - cost to repair or replace mechanical and electrical equipment, boilers and machinery.

Business interruption coverage for losses sustained due to breakdown - no specified limit.

Power interruption coverage for outage due due damage to power lines on premises or within 500 feet.

Product spoilage due to equipment breakdown.

 

EXCLUSIONS

Flood (resulting breakdown would be covered), earthquake, wear & tear, nuclear hazard, war

 

 

Amount of insurance: No specified limit

Business interruption coverage: Actual loss for up to twelve months

This is a simplified summary only. Refer to policy for actual terms and conditions.