FERGUSON GROUP 2 - 2004 - Laserfiche WebLink

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FE-6617 EQUIPMENT BREAKDOWN COVERAGE ENDORSEMENT 1. Coverage is extended under SECTION I LOSSES INSURED AND LOSSES NOT INSURED to insure for direct physical loss to covered property caused by an "accident" to "covered equipment". The most we will pay for each covered loss under this endorsement is the limit of insurance that applies to the cov- ered property. Coverage provided under this endorsement does not provide an additional amount of insurance. Expediting Expenses. We will pay up to $50,000 for the reasonable extra cost to: (1) make temporary repairs to; and (2) expedite permanent repairs or per- manent replacement of; covered property damaged by an "accident" to "covered equipment". This is not an additional amount of insurance. Drying Out Expenses. We will pay, 'up to the applicable limit of insurance for Coverage A- Buildings or Coverage B - Business Personal Property, whichever applies, the di~ect expenses of drying out wetness in electrical "covered equipment" caused by one of the items listed in paragraph d. of item 1. of LOSSES NOT INSURED. This is not an addi- tional amount of insurance. The water damage exclusions found in para- graph d. of item 1. of LOSSES NOT INSURED do not apply to this Drying Out Expenses cov- erage. For the purposes of this endorsement, the fol- lowing is added as item 4. to COVERAGE B - BUSINESS PERSONAL PROPERTY (APPLI- CABLE TO CONTRACTORS POLICY, BUSI- NESS POLICY AND CHURCH POLICY ONLY) : 4. air conditioning and heating equip- ment that is a part of the building or structure you occupy but do not own, if your lease requires you to maintain it. Urn itations. a. Ammonia Contamination. The most we will, pay for direct physicallo.ss to cov~red property caused by ammonia contamina- tion resulting from an "accident" to "cov- 2. 3. 4. 5. + CONTINUED 6. ered equipment", including salvage expense, is $50,000. b. Hazardous Substances, The most we will pay for the "increased cost" to repair or replace covered property and the "increased cost" to clean up or dispose of such property caused by "hazardous sub- stance" contamination resulting from an "accident" to "covered equipment" is $50,000, For the purposes of this limita- tion, "increased cost" means costs beyond what would have been required had no "hazardous substance" been involved. If Coverage C Loss of Income, Loss of Income Endorsement, or Tuition Fees Endorsement is shown in the Declara- tions, any "increased loss" under such coverage caused by "hazardous sub- stance" contamination to covered prop- erty resulting from an "accident" to "covered equipment" will be subject to and included in the same $50,000 limit of insurance. For the purposes of this limita- tion, "increased loss" means any loss or expense covered under Loss of Income or Tuition Fees coverage beyond what would have been sustained or incurred had no "hazardous substance" been involved. Deductible. The sum of $500 shall be deducted from each loss paid under this endorsement. No other deductible applies to this coverage. One Loss. If an initial "accident" causes othe r "accidents", all will be considered one loss, All "accidents" that are the result of the same event will be considered one loss. To the extent of any coverage provided under this endorsement: a, items 7. and 8. of PROPERTY SUBJECT TO LIMITATIONS are deleted (NOT APPLICABLE TO CONTRACTORS POLICY); b, items 8. and 9. of PROPERTY SUBJECT TO LIMITATIONS are deleted (APPLI- CABLE TO CONTRACTORS POLICY ONL Y); 7, 8.