Equipment Breakdown Construction

Course of Construction Equipment Breakdown coverage pays for repair or replacement due to accidental breakdown of insured equipment that is damaged by such things as electrical arcing, mechanical breakdown, power surges and more

OVERVIEW

Highlights

• Payment Options: Monthly and Annual
• Eligible in all Canadian provinces and territories, except Quebec
• Eligible for buildings under construction

Coverage Types

• Property Damage
• Soft Costs
• Extra Expense
• Delayed Start-up

COVERAGE & WORDINGS

Wordings:

• Equipment Breakdown Wordings

Available Coverages

• Equipment Breakdown Coverage: Premium starting from $235 and can cover up to $10,000,000
• Soft Cost Coverage (Optional): Up to $500,000; premium rate starting from $0.009
• Extra Expense (Optional): Up to $500,000; premium rate starting from $0.027
• Delay in Start-up (Optional): Up to $500,000; premium rate starting from $0.014

RESOURCES

Available Documents for Download

• Product Overview
• Loss Bulletin