What it does
The business auto form limits physical damage on electronic equipment that reproduces, receives or transmits audio, visual or data signals to $1,000 in any one loss when the equipment is, for example, permanently installed in a housing or location not normally used by the auto manufacturer for such equipment. CA 99 60 adds a scheduled limit for that equipment, on top of the coverage form's sublimit. The Massachusetts residual market manual states that "the limit of insurance in this endorsement is in addition to the sublimit for each equipment contained in the Coverage Form."
Who needs it
Vehicles with mounted computers, cameras, GPS and telematics units, broadcast or surveillance gear, laptops in docks, and similar installations worth more than the built-in limit.
Key points
- The underlying vehicle must carry comprehensive or specified causes of loss coverage.
- Police, fire and emergency vehicles can instead remove the electronic equipment exclusion without charge using CA 20 02.
- If a lender finances the electronics, add CA 99 61 to name a loss payee.
Quoting notes
Schedule equipment values per vehicle; ask for invoices and whether equipment is removable (portable devices are generally better insured under inland marine).
