unit14

Question 1

equipment Breakdown coverage covers

Answer 1

• mechanical breakdown
• electrical arcing
• artificially generated electrical current
• centrifugal force
• boiler overheating
• bulging

Question 2

coverages to select from

Answer 2

1. property damage
2. expediting expenses
3. business income and/ or extra expense
4. spoilage damage
5. utility interruption
6. brands and labels

Question 3

location of premises where property is covered is located where

Answer 3

in the declarations

Question 4

cause of loss must be due to what

Answer 4

breakdown

Question 5

expediting expenses

Answer 5

pay for temp or permanent repairs, or replace damaged property

Question 6

difference between business income and extra expense in Equipment Breakdown Coverage vs. extra expense coverage under the commercial property

Answer 6

covered cause of loss has to be caused by a breakdown of covered equipment rather fire, etc.

Question 7

breakdown means what three things

Answer 7

failure of pressure
mechanical failure
electrical failure

Question 8

breakdown does not include what

Answer 8

malfunction, defects, leaks, damage to tube or structure,

Question 9

what coverage will pay for temp repairs

Answer 9

expediting expenses

Question 10

what is the definition of a breakdown

Answer 10

the direct physical loss that causes damage to covered equipment and necessitates its repair or replacement