Machinery Breakdown Insurance Policy

Machinery Breakdown Insurance Policy

Machinery Breakdown Insurance Policy

Machinery Breakdown

Machinery Breakdown Insurance Policy

The  policy  covers

Sudden  and  unforeseen  ‘accidental  physical damage to machinery while

  • The machinery is working or at rest.
  • The machineryis being dismantled for cleaning/overhauling and in course of these operations, being shifted within specified premises or being re-erected subsequently.

The policy does not cover

  • Fire and related perils
  • Overload experiments I tests I abnormal operating conditions
  • Gradually developed flaws I defects not necessitatinq immediate stoppages
  • Normal wear and tear
  • Wilful act I negligence
  • Contractual liabilities
  • Pre-existing defects
  • Consequential losses
  • Parts requiring regular replacements
  • Loss for which manufacturer is responsible

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