Opinion ID: 2807848
Heading Depth: 5
Heading Rank: 1

Heading: In your care, custody or

Text: control; . . . However, our payment for loss of or damage to personal property of others will only be for the 4 AJC concedes it is neither a named nor additional insured. -9- account of the owner of the property. Per the Declarations, the limit of coverage for Personal Property of Others is $500,000.5 The Policy goes on, though, to exclude certain causes of loss from coverage. Excluded from coverage -- meaning that Triple- S will not pay for loss or damage caused directly or indirectly by a particular cause -- is any loss or damage caused by or resulting from . . . [m]echanical breakdown. From now on, we'll call this the Mechanical Breakdown Exclusion. But because Economy wanted the Policy to cover losses caused by mechanical breakdown, it sought, and Triple-S added, an endorsement which specifically provided Equipment Breakdown Coverage. The resulting Equipment Breakdown Endorsement, as relevant here, provides: 5 The Declarations also reflect a separate Spoilage Coverage with a $50,000 limit, but this coverage is limited to spoilage caused by a power outage. The parties agree that this coverage does not apply, as the spoilage in this case was caused by mechanical breakdown and not a power outage. So, we don't have to worry about that provision here. -10- A. The Building and Personal Property Coverage Form is modified as follows: Additional Coverages The following is added to 4. Additional Coverages: Equipment Breakdown (1) We will pay for loss caused by or resulting from an accident to covered equipment. As used in this Additional Coverage, an accident means direct physical loss as follows: