7 BASIC AGREEMENTS
Exclusions - In/Out Premises
WHEN Coverage Applies
10 Equipment Breakdown Agreements
Equipment Breakdown Misc.
100
Coverage for theft of money, securities or other property by insureds employees
What is employee theft
100
Surrendering property in an exchange or purchase.
What is exchanges or purchases?
100
No limit of insurance accumulates from year to year.
What is loss covered under this insurance and prior insurance?
100
Loss occurring at a location shown in the declarations but not owned or operated by the insured.
What is contingent business income and extra expense?
100
Pressurized equipment, electrical or mechanical equipment, communication and computer equipment and other specified equipment.
What is covered equipment?
200
Unlawful taking of property from within a locked safe or vault.
What is safe burglary
200
Accounting or arithmetical errors or omissions.
What is accounting or arithmetical errors or omissions.
200
All four (4) requirements must be met for a loss to be paid.
What is loss sustained during prior insurance?
200
Failure to include any premises owned or occupied by the insured.
What is errors and omissions?
200
Fire, windstorm or hail and explosion (other than explosion of a steam boiler and similar equipment).
What are excluded perils covered under other policies?
300
Signing the name of another person with the intent to deceive.
What is forgery?
300
Loss ofproperty such as vending machines, amusementdevices or change machines.
What is money operated devices?
300
Loss will be paid if occurred within the policy period and discovered during or 1 year after the policy period.
What is loss sustained & extended period to discover loss?
300
Loss to perishable goods as a result of breakdown to covered equipment.
What is spoilage damage?
300
Property spoiled as a result or refrigerant leakage due to a covered breakdown.
What is ammonia contamination?
400
Combination of covered causes of loss in some crime agreements that provides broad scope of coverage.
What is theft, disappearance & destruction?
400
Unauthorized instructions or threat of bodily harm such as kidnap or ransom.
What is transfer or surrender of property?
400
Specified period following policy expiration to discover loss that occurred before the expiration date.
What is extended period to discover loss?
400
Reasonable extra cost to make temporary repairs to speed up permanent repairs.
What is expediting expenses?
400
Direct physical loss to covered equipment that necessitates repair to pressure, mechanical or electrical equipment.
What is breakdown?
500
Coverage forloss of covered due to using a computer to fraudulently transfer covered property,
What is computor fraud?
500
Insured or agent is tricked into voluntarily handing over property.
What is voluntary parting of property?
500
Endorsement that modifies the discovery form to losses occurring after the policy's retroactive date.
What is retroactive date endorsement?
500
Loss to undamaged portion of building that must be demolished and increase costs of construction
What is ordinance or law?
500
Breakdown of equipment owned by a utility or other supplier of electricity, communications, air conditioning, heating, gas, sewer, water or steam.
What is utility interruption?
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