Which coverage includes the costs associated with replacing lost or destroyed property as a result of equipment breakdown?

The correct answer is related to the purpose of property damage coverage, which is designed to address the costs of repairing or replacing property that has been lost or destroyed due to specific events, including equipment breakdown. This type of insurance helps assure business continuity by providing necessary funds for the physical replacement of property, ensuring that operations can resume without significant financial loss.

Expediting expenses coverage, while it does relate to equipment breakdown, specifically deals with additional costs incurred to expedite the repair or replacement of the damaged items rather than covering the actual loss of property itself. Business income coverage focuses on compensating for lost income due to business interruption, which would not directly cover the costs associated with the replacement of physical assets. Legal liability coverage, on the other hand, addresses legal obligations to others and does not relate to direct property losses or damage. Thus, property damage coverage stands out as the most fitting option for this question.