Property and Casualty Chapter 12

The Commercial Property module of the Commercial Package Policy excludes coverage for losses due to boiler ____ or _____ breakdown.

Explosion or Mechanical

The Boiler and Machinery (B and M) module is the way to _____ these Exclusions.

Buy back

B and M policies are written on an ____ basis, not on an occurrence basis.

Accident

The Boiler coverage is best described as ____ against _____.

objects against accidents

The Machinery coverage of the B and M module is for the ____ and ____ breakdown of mechanical or electrical equipment.

sudden and accidental

______ that can be insured under a B and M policy include boilers, air conditioning units, engines, pumps, electrical panels, turbines, and compressors.

Objects

The B and M policy covers not only your own property, but also other people's property that is in your ___,____, and ____.

Care, Custody and Control.

In order to get damaged equipment repaired as soon as possible, the B and M policy pays up to $25,000 in ______.

Expediting Expenses

Under the ______ an insurance company boiler inspector may immediately suspend coverage by giving the Insured written notice of the boiler defect.

Suspension Provision

Business Income and ______ coverage's can be added to the B and M policy.

Extra Expense