- Words: 3227
- Length: 12 Pages
- Topic: Economics
- Paper #: 24063344
In addition, liability insurance covers damage done to other's property, should the insured become legally liable for the damages.
Boiler insurance was originally created to cover loss due to insureds owning a pressure boiler. However, today, boiler insurance is often more aptly renamed equipment insurance.
Equipment insurance will provide coverage for mechanical breakdowns of equipment, including the cost of repairing or replacing the equipment. The equipment can include: air conditioners, hot