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Galina-37 [17]
2 years ago
11

What is the maximum amount an insurer will pay under the equipment dealers pollution cleanup and removal extension of an inland

marine policy?
Social Studies
1 answer:
Olenka [21]2 years ago
3 0

The maximum amount that the insurer will pay under the Pollution Cleanup and Removal Policy Extension is $10,000 for all expenses incurred in a 12-month period.

<h3>What is Pollution Clean up and Removal Extension of an Inland Marin Policy?</h3>

Clean-up of possible contamination from the damaged property due to insured risks is not always calculated as part of the value of the damaged property. This is why it is an extension.

<h3>What is considered a pollutant? </h3>

Pollutants will be defined in the policy and may include vapors, soot, smoke, acids, chemicals, alkalis and waste. This may include, for example, the leakage of oil or chemicals from storage tanks.

<h3>Does property insurance cover the cost of pollutants?</h3>

A separate policy may be required to cover costs associated with the removal of pollutants from land or water or the removal, restoration and replacement of pollutants for covered perils.

Contaminant removal can be expensive, so you need to make sure the coverage meets your needs. This may require the insurance company to increase the limit.

Third-party claims, including injuries to others and worker's compensation, can also arise from polluters, so consider looking for insurance that covers these claims as well.

Pollution insurance can be obtained from professional pollution insurance companies.

Learn more about policy extension:
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