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Machinery Breakdown Insurance Policy

Scope of Cover

Sudden and unforeseen accidental damage to machinery The machinery can be at work or at rest. Machinery being dismantled for cleaning / overhauling and in course of these operations being shifted within specified premises or being re-erected subsequently also covered

 


  • Escalation
  • Express Freight (excluding Air Freight), Overtime and Holiday
  • Rates of Wages
  • Air Freight
  • Owner's Surrounding Property
  • Third Party Liability
  • Additional Customs Duty

 

 


  • Fire and related perils
  • Damage to electrical apparatus only subsequent to short circuit
  • Overload experiments / tests / abnormal operating conditions
  • Gradual flaws / defects not necessitating immediate stoppages
  • Normal wear and tear
  • Wilful act / negligence
  • Contractual Liabilities
  • Pre-existing defects
  • Consequential losses
  • Parts requiring regular replacements
  • Terrorism
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