Anything gradual, and anything already covered by the property form. Wear, corrosion, erosion, and deferred maintenance are excluded, because the coverage is for sudden and accidental breakdown rather than for the condition that led to it. Fire, wind, flood, and earthquake are property perils and do not belong here. Equipment already failing when the policy incepts is outside it. Testing damage and damage during installation are treated differently by different forms, so ask before a commissioning date.
Related FAQs
Standard property typically excludes the equipment’s own mechanical, electrical, or pressure breakdown, so this coverage is usually added on.
Many programs include business income and extra expense from a covered breakdown. We will review what fits your operation.
No. A warranty covers defects and upkeep. Equipment breakdown insurance covers sudden accidental failure and the resulting business losses.
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