Boiler And Machinery Insurance
Definition of "Boiler and machinery insurance"
Covers losses resulting from the malfunction of boilers and machinery. Most property insurance policies exclude these losses, which is why a separate boiler and machinery policy or a commercial package policy id needed. The insurance covers business property, other property involved, and legal fees, if any.
Popular Insurance Terms
Average interest earned by an insurer on its investments after investment expense, but before federal income tax. ...
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Individual who retains title to property that is being transferred on a temporary basis to the care, custody, and/or control of another. ...
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