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Property Questions

 

Do I need to report all new or demolished property?
Yes, as all premiums are based on the value of the property at risk.

Is the boiler & machinery deductible the same as the property all risk deductible?
All boiler and machinery deductibles are the same as all risk deductibles except for Internal Combustion Engine losses which are subject to a $70 per horsepower deductible or all risk deductible, whichever is higher.