Regardless of what a particular MOP does with exhibition coverage, be sure to have your MOP provide an adequate amount of coverage. Many firms own buildings that do not comply with today's building codes. When they have a loss, they may not be able to rebuild the damaged building. Or, they may experience needing to spend extra money to bring the property up to today's building codes. Not all of this expense is covered automatically by most MOP forms.
Boiler explosion Suppose a manufacturer's air conditioning system suffers a serious breakdown.
The manufacturer presents a claim to its MOP insurer and is very surprised when the insurer declines to cover the loss stating that there is no breakdown coverage. Both loss prevention inspection work, as well as coverage for breakdown, can be provided by using a boiler and machinery damage insurance policy. I am unaware of any MOP that covers machinery breakdown. Computer coverage Insureds using a MOP also must consider what coverage is needed for their computer exposure. For example, let's imagine a computer loss situation involving a tool and die business.