The American Association of Insurance Services (AAIS) and Mutual Boiler Re have developed the Equipment Breakdown Enhancement Endorsement, available to property-casualty insurers that use the AAIS Farmowners Program.
This endorsement provides coverage for loss to household property and specified types of farm property caused by equipment breakdown, up to a declared limit. Incidental coverages provided in the endorsement pay for costs of expediting expenses, pollutant clean-up and removal, refrigerant contamination, chlorofluorocarbon (CFC) refrigerants, and service interruption, as well as for loss to livestock and poultry.
The Green Environmental and Efficiency Improvements condition of the endorsement provides coverage beyond replacement cost for costs incurred to: repair or replace damaged property with green alternatives; hire an accredited green consultant to assist in green design and replacement; attain certification or recertification by recognized green authorities; and remove, recycle, and dispose of property in an environmentally sound manner.
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