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Utmost Good Faith (uberrimae fidei) requires both insurer and insured to disclose all material facts honestly during contract formation. AscendBase and AdjusterPro® emphasize this principle as vital to underwriting accuracy. Failure to disclose, such as concealing prior losses, may void coverage. Adjusters rely on utmost good faith when investigating claims and expect claimants to provide accurate details.

The Drive Other Car Endorsement extends coverage to executives or employees using business-owned cars for personal use. AscendBase notes that it fills coverage gaps. AdjusterPro® highlights that this endorsement is critical for executives without personal auto policies.

Denying claims without investigation constitutes bad faith, violating both ethics and law. AscendBase emphasizes that claims must always be investigated fully. AdjusterPro® notes that adjusters who act in bad faith risk lawsuits, penalties, and reputational damage.

Intentionally delaying valid claims is bad faith. AscendBase highlights that delays harm policyholders financially. AdjusterPro® emphasizes that bad faith exposes insurers to lawsuits, penalties, and reputational harm.

Equipment Breakdown Insurance (formerly Boiler and Machinery Insurance) covers losses due to the accidental breakdown of equipment, including repair costs and business interruption. AscendBase stresses that standard property policies usually exclude mechanical breakdown. AdjusterPro® emphasizes that claims require technical inspections and specialized expertise.