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.