Equipment Breakdown Limit Sample Clauses
The Equipment Breakdown Limit clause defines the maximum amount an insurer will pay for losses resulting from the breakdown of covered equipment. This limit applies specifically to damages caused by mechanical or electrical failure, such as a boiler explosion or a malfunctioning air conditioning unit, and is typically stated as a dollar amount in the policy. By setting a clear cap on coverage, this clause helps both the insurer and the insured understand the extent of financial protection available, thereby managing risk and preventing disputes over claim amounts.
Equipment Breakdown Limit. The most the CSD Pool will pay for loss, damage or expense arising from any One Equipment Breakdown is the amount shown as the Equipment Breakdown Limit in the Member District’s Equipment Breakdown Declarations. This total limit applies to all coverages under this Equipment Breakdown Coverage Document except Defense. The costs the CSD Pool incurs under the Defense coverage shall not reduce the available Equipment Breakdown Limit.
Equipment Breakdown Limit. The most we will pay for loss, damage or expense arising from any “one equipment breakdown” is the amount shown as the Equipment Breakdown Limit in the Equipment Breakdown Coverage Summary.