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Malvern Manufacturing has an Equipment Breakdown Protection (EBP) Coverage Form with a limit per breakdown of $350,000. The declarations page shows the Spoilage Damage insuring
Malvern Manufacturing has an Equipment Breakdown Protection (EBP) Coverage Form with a limit per breakdown of $350,000. The declarations page shows the Spoilage Damage insuring agreement with a limit of $25,000 and the word "included" next to it. Which one of the following statements is correct regarding Malvern Manufactuing's EBP coverage? Available answer options Select only one option A The insurer will pay up to the $25,000 limit, less any applicable deductible, for a Spoilage Damage loss. B The insurer will not pay more than $25,000 for a Spoilage Damage loss. C The amount paid for a Spoilage Damage loss will not affect the Property Damage limit. D The insurer will pay up to $25,000 for a Spoilage Damage loss, in addition to the $350,000 limit per breakdown
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