Which of the following options describes the coverage duration for newly acquired equipment under a boiler and machinery policy?

The coverage duration for newly acquired equipment under a boiler and machinery policy typically allows for protection for a period of up to 90 days. This coverage is designed to ensure that any new machinery or equipment added to a business operation is immediately covered by the existing policy.

This temporary coverage is critical as it provides a seamless transition for businesses investing in new equipment, protecting them from potential losses due to equipment failure or damage in the early stages of ownership. Policies can vary, but the standard industry practice typically caps this automatic coverage at 90 days, allowing businesses to ensure they have time to formally add the new equipment to their policy and adjust the coverage limits accordingly.