Laserfiche WebLink
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />Form SP 30 02 10 18 Page 1 of 3 <br />© 2018, The Hartford <br />(May include copyrighted material of Insurance Services Office, Inc., with its permission) <br />EQUIPMENT BREAKDOWN <br />This endorsement modifies insurance provided under the following: <br />SPECIAL PROPERTY COVERAGE FORM <br />Except as otherwise stated in this endorsement, the terms and conditions of the Policy apply. <br />A.The following is added to Paragraph A.5.,Additional Coverages, of the Special Property Coverage Form: <br />Equipment Breakdown <br />(1)We will pay for direct physical loss or direct physical damage to “equipment breakdown property”caused <br />by or resulting from an “equipment breakdown accident”.If an initial "equipment breakdown accident" <br />causes other "equipment breakdown accidents",all will be considered one "equipment breakdown <br />accident".All "equipment breakdown accidents"that are the result of the same event will be considered <br />one "equipment breakdown accident". <br />(2)Coverage Extensions <br />The following Coverage Extensions apply only to direct physical loss or direct physical damage to <br />“equipment breakdown property” caused by or resulting from an “equipment breakdown accident”: <br />(a)Hazardous Substances <br />We will pay in any one occurrence for the additional cost,not to exceed the Limit of Insurance shown <br />in the Declarations for Equipment Breakdown –Hazardous Substances,to repair or replace Covered <br />Property because of contamination by a “hazardous substance”.This includes the expenses to clean <br />up or dispose of such property.This does not include contamination of “perishable goods”by a <br />refrigerant, including but not limited to ammonia. <br />Additional cost means those beyond what would have been required had no “hazardous substance” <br />been involved. <br />This limit is in addition to the Limits of Insurance for Covered Property. <br />(b)Expediting Expenses <br />With respect to your damaged Covered Property,we will pay in any one occurrence,up to the Limit of <br />Insurance shown in the Declarations for Equipment Breakdown –Expediting Expenses,for the <br />reasonable and necessary additional expenses you incur to: <br />(i)Make temporary repairs; or <br />(ii)Expedite permanent repairs or permanent replacement. <br />This limit is in addition to the Limits of Insurance for Covered Property. <br />(c)Defense <br />If a claim or "suit"is brought against you alleging that you are liable for damage to property of another <br />in your care, custody or control directly caused by an “equipment breakdown accident”, we will either: <br />(i)Settle the claim or "suit"; or <br />(ii)Defend you against the claim or "suit," but keep for ourselves the right to settle it at any point. <br />Payments under this Coverage Extension will not reduce the Limits of Insurance for Covered <br />Property. <br />(d)Supplementary Payments <br />We will pay, with respect to any claim or "suit" we defend: <br />(i)All expenses we incur; <br />(ii)The cost of bonds to release attachments,but only for bond amounts within the Limit of <br />Insurance. We do not have to furnish these bonds; <br />Docusign Envelope ID: 9DF92A24-B534-85BA-8088-342315DF1839