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Flashcards in Boiler And Machinery Deck (14)
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1
Q

Indirect lost coverage under boiler and machinery may be written under all of the following methods:

A

Valued, actual loss sustained, extra expense

2
Q

The coverage extension – automatic coverage in the boiler policy covers objects at a new location for how many days?

A

90 days

3
Q

Boiler and machinery endorsement that covers loss due to spoilage from lack of power, heat, etc. is:

A

Consequential damage

4
Q

The maximum available for expediting expenses in a boiler and machinery coverage is:

A

$25,000

5
Q

What is the standard deductible and boiler and machinery coverage?

A

$500

6
Q

What boiler and machinery endorsement makes coverage excess to the other BI liability coverage that applies to the same accident?

A

Bodily injury liability

7
Q

In the boiler and machinery, for the small business form to be written, but 80% replacement cost cannot exceed how much?

A

$5 million

8
Q

Small business boiler and machinery policies have a required minimum property damage limit of how much?

A

80% of equipment replacement value

9
Q

The special internal limits on expediting expense, hazardous clean up, ammonia contamination, damaged by water, within the boiler and machinery coverage are limited to announce not to exceed:

A

$25,000

10
Q

Boiler and machinery policy covers losses caused by:

A

Accidents

11
Q

In a boiler and machinery policy reimbursement for the cost of temporary repairs and to hasten permanent repair or replacement is covered under:

A

Expediting expense

12
Q

The small business brought for differs from the boiler and machinery coverage form in what ways?

A

Property damage, business interruption an extra expense coverage applies blanket, spoilage may be included, no coinsurance cause, automatic coverage for new locations for 90 days

13
Q

Which must be in a boiler and machinery policy for it to be complete:

A

Declarations, common policy conditions, coverage for, object definitions for

14
Q

To recover under a boiler policy on replacement cost basis, the insured must repair or rebuild within:

A

18 months