The following acts or causes of loss/damage are excluded from coverage under this policy:
- Equipment that is not production equipment
- Equipment breakdown (wear & tear)
- Deterioration
- Hidden or latent defect
- Items valued above $150,000 that are not individually scheduled (This applies to rented equipment.)
- Items valued above $2,001 that are not individually scheduled (This applies to owned equipment only.)
- Equipment intentionally afloat, submerged or underwater (unless Water Use Endorsement has been purchased)
- 3rd party rental coverage when policyholder makes more than 25% gross annual income from rental operations (This applies to owned equipment only.)
- Seizure or destruction of property by order of governmental authority
- War including civil war
- Insurrection
- Rebellion
- Illegal transportation or trade
- Illegally obtained equipment
- Fine art repairing or restoration
- Intentional acts/Dishonesty (including theft by the policyholder).
- All remote controlled aircraft
- Theft from an unlocked vehicle (if the exclusion has not been removed.)
- Property which has been rented and is in transit but has not yet arrived to the policyholder
- Coverage in any countries currently sanctioned by the US State Department
- Loss or damage caused by vermin, insets, rodents or birds
- Loss or damage caused by dampness, dryness or extremes of temperature
- Loss or damage caused by negligent work
- Loss or damage caused directly or indirectly by any weapon employing atomic fission or fusion (nuclear hazard)
- Loss or damage caused by pollutants
- Loss or damage caused by Rust, Oxidation, Corrosion or Discoloration
- Loss or damage caused by unauthorized transfer
- Loss or Damage caused by War and Military Action