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Most standard property insurance policies do not protect you from equipment
failure due to an accident or catastrophe such as fire, flood, wind, quake
or theft. Equipment Breakdown Insurance would cover loss of income due
to the breakdown of "covered equipment", the replacement value of covered equipment and
spoilage caused by breakdown. A good example is a random electrical surge that
would cause the disruption of business or the destruction of a company's
computer system. Take a look at this helpful
Best Review article
(.pdf file) regarding this type of coverage. |