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Boiler & Machinery Program (For Hotels and Motels!)
(Binding Authority to $20,000,000 in Property Limits!)
We will automatically offer you a quote for a combined Property Damage, Business Income and extra expense with a minimum limit of $5,000,000. We can offer optional combined limits of $10,000,000, $15,000,000; $20,000,000. There is just one deductible for a combined loss as opposed to two with other companies. We have added a utility interruption endorsement back to the power grid as opposed to within 1,000 feet of described premises. These are just a few of our enhancements we have put together for this class of business.
Combined Deductible $1,000 except $25 per HP on Air Conditioning Units and Systems and their related, motors, compressors, pumps and piping (Minimum $1,000)
Minimum Premium of $400 applies
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For Hotels and Motel exposures, we have arranged a program rate for their typical exposures. The program is very competitive with the other stand-alone Boiler products and we have included higher sub-limits than are typically found with our competitors.
| Coverage | Comprehensive Form Covering Boilers, Pressure Vessels, Mechanical & Electrical Machines including Air Conditioning, Refrigeration Equipment Electrical Apparatus and Electronic Computer or Electronic Data Processing Equipment excluding Production Machines | ||
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| Combined PD, BI/EE and Utility Limit | $5,000,000 or $10,000,000 with an option to increase to $15,000,000 or $20,000,000 | Property Damage Including Property in the Insureds Care Custody and Control and EDP Equipment | |
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| Combined Deductible: $1,000 with optional $2,500 or $5,000 options | |||
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| Sub Limits | $100,000 | Water Damage | |
| $100,000 | Ammonia Contamination | ||
| $100,000 | Expediting Expense | ||
| $100,000 | Hazardous Substance | ||
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$500,000*
*May be increased to $1,000,000 |
Demolition Increased Cost of Construction Demolition Increased Cost of Construction | ||
| Business Interruption | Combined | Combined Bus. Interruption Including Extra Expense; (Form BM 1533)Annual Value $ | |
| Deductible | Combined | ||
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| Utility Interruption | Electric, Gas, Steam and Water | Coverage is provided back to the originating power grid (not limited to within 1,000 feet). | |
| Limit | Combined | as respects EE | |
| Waiting Period | 12 Hours | ||
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| OPTIONAL Consequential Damage | $25,000 | Products of the Insured solely while in storage | |
