What is the period of restoration under Equipment Breakdown Coverage?

The period of restoration under Equipment Breakdown Coverage is defined as the time frame starting at the moment of the breakdown or 24 hours before the insured notifies the insurer about the event, with the period extending until the equipment is repaired or replaced and fully operational again. This ensures that any business interruption losses incurred due to the breakdown are covered effectively from a relevant pre-event period, acknowledging that damage can go beyond the immediate breakdown moment.

Having this initial notification period is crucial as it recognizes that some operational impacts can take effect before the insured is even aware of the breakdown and subsequently makes a notification. Thus, this coverage is designed to capture these potential losses during this specified duration to provide the insured with financial relief while they manage the consequences of the breakdown.