Coverage description
Equipment breakdown coverage addresses covered loss from mechanical, electrical, pressure, or similar breakdown events affecting covered equipment. Forms can differ in how they define covered accidents and address electronic circuitry impairment.
Coverage classification
- Form type
- Endorsements
- Product lines
- Commercial PropertyBusinessownersCommercial Package
Compare Equipment breakdown coverage forms
| Form | Intent | Trigger | Related coverage |
|---|---|---|---|
Alaska National Insurance CompanyEquipment Breakdown Coverage Part CO 1400CP 03 24 Boiler and Machinery or Equipment Breakdown | Defines covered equipment breakdown accidents. | A fortuitous event causes direct physical damage to covered equipment and falls within listed events. | Listed events include mechanical breakdown, electrical current and certain boiler or pressure events. |
All America Insurance CompanyEquipment Breakdown Coverage (Including Electronic Circuitry Impairment) 14-3064 12 15 Commercial Property | Adds equipment breakdown coverage for direct physical damage. | An accident or electronic circuitry impairment must cause direct physical damage to covered property. | Extends specified related coverages; service interruption and dependent properties apply only to accidents, not circuitry impairment. |
Notable clauses
“Without an “accident” or “electronic circuitry impairment,” there is no Equipment Breakdown Coverage.”
All America Insurance Company · Equipment Breakdown Coverage (Including Electronic Circuitry Impairment) · 14-3064 12 15
Circuitry impairment. The form expressly names both possible triggers.
“a fortuitous event that causes direct physical damage to “covered equipment””
Alaska National Insurance Company · Equipment Breakdown Coverage Part · CO 1400CP 03 24
Accident definition. The accident definition also requires one of the listed events.
Market activity
Matching form records, product lines, state activity, and recent examples for this coverage language.
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Insurance forms library
Related insurance form pages
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