Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
Most companies large and small depend on electrically powered equipment for some part of their business: air conditioning and refrigeration, computer systems and manufacturing equipment, for example. Lightning and the resulting power surge are a common threat. But you can protect your business by purchasing equipment breakdown coverage.
Investigating a lightning claim was not always a scientific process. Even a few years ago, insurance company reps would review whatever resources were available and determine if a thunderstorm had passed through the area on the day the loss occurred. If a storm could be verified, the loss claim was validated. Today, thanks to weather satellites and advancing technology, lightning strikes can be verified with pinpoint accuracy.
Lightning can strike at a considerable distance from your premises and Ģ¶ through the electrical distribution lines that serve your building Ģ¶ result in a power surge that damages your equipment just as a direct lightning strike would.
Because damage was not caused by a direct lightning strike to your premises, it may not be covered by your property policy. But when you purchase equipment breakdown coverage (EBC), you don’t need to worry; the damage caused by lightning, or lightning-related surge, is covered.
Be sure to speak to your local, independent agent about equipment breakdown coverage when you discuss insurance to protect your property and livelihood.
This loss control information is advisory only. The author assumes no responsibility for management or control of loss control activities. Not all exposures are identified in this article. Contact your local, independent insurance agent for coverage advice and policy service.
