Exclusions

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