Equipment Breakdown & Technology

Equipment Breakdown & Technology coverage for fraternity- or sorority-owned property provides insurance protection for the types of property and against some kinds of losses typically excluded under property insurance policies.

What It Covers

Examples include losses caused by mechanical breakdowns, electrical arcing, common technology-related failures, steam boiler, and pressure vessel damage or explosions, and breakdowns due to centrifugal force. Equipment Breakdown and Technology coverage fills these gaps in property insurance. This coverage provides protection for direct damage to mechanical and electrical equipment and income loss and extra expense that result from the equipment breakdown.

Equipment Covered: Equipment that generates, transmits or utilizes energy including electronic communication and data processing equipment or equipment which, during normal use, operates under vacuum or pressure, other than the weight of its contents. The equipment must be at a described location, must be owned or leased by you or operated under your control. Examples include:

  • Electrical Equipment
  • Air Conditioning and Refrigeration Systems
  • Boilers and Pressure Vessels
  • Hot Water Heaters
  • Mechanical Equipment
  • Production Equipment
  • Computer & Communication Equipment
  • Generators
  • Compressors
  • Telephone Systems
  • Renewable/Alternative Energy Equipment
  • Copiers

As with the property coverage, Replacement Cost, including Building Codes or Law & Ordinance Coverage, Loss of Income and Extra Expense protection are also provided.

Disclaimer Notice

This basic information has been prepared as information only. The actual insurance policies are subject to definitions, duties, exclusions, limitations, and various other terms and conditions. This information does not amend, extend, or alter the coverage afforded by the actual insurance policies.

Common Causes of Losses

  • Explosion
  • Burning or cracking
  • Motor burnouts
  • Electrical damage
  • Power overloads
  • Food spoilage
  • Mechanical breakdowns from centrifugal force or metal fatigue

Questions about Equipment Breakdown & Technology Coverage?

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(800) 344-7335