Read The Seaside Lobster Pound scenario. Evaluate the loss and the insured's equipment breakdown coverage to determine the extent to which the loss is covered.

Review the information from the declarations to determine whether anything precludes coverage under the policy.

Review the information from the insuring agreements to determine whether anything precludes or limits coverage.

Review the policy's conditions to determine whether anything precludes coverage or indicates noncompliance with important policy conditions.

Review the policy's exclusions to determine whether anything excludes coverage or payment of the full amount for the insured's loss.

Explain the extent to which Seaside will receive payment under the policy for its losses.