Under an Equipment Breakdown Coverage policy, when can an insurer suspend coverage?

Under an Equipment Breakdown Coverage policy, coverage can be suspended if any covered object is found to be in an unsafe condition. This is crucial for protecting both the insurer and the insured. If a piece of equipment is deemed unsafe, it poses a risk of further damage or liability. Therefore, to mitigate these risks, the insurer has the right to suspend coverage until the equipment is repaired or found to be safe for operation.

The other scenarios listed, such as late premium payments or non-renewal of the policy, typically involve different procedures not directly related to immediate safety concerns and the operational integrity of covered equipment. Similarly, maintenance or repairs can be routine and do not inherently indicate that equipment is unsafe, allowing for coverage to continue during such activities under certain circumstances.