Key Points Page
- Equipment Breakdown Insurance1
- Equipment Breakdown Entails Many Different Objects2
- Standard ISO Coverage Approach3
- Equipment Breakdown Insurance Coverage in Brief6
- Limits of Insurance7
- Valuation Condition8
- Joint or Disputed Loss Agreement8
- Extra Expense Coverage Versus Expediting Expense Coverage10
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.