Machinery Breakdown Insurance

A reliable insurance plan for potential damage to machinery while in operation, at rest, or undergoing maintenance.

Check out the list on our website; it covers a diverse range of equipment essential to your operations. From electric motors and diesel engines to turbines, generators, pumps, windmills, and more, our policy ensures coverage for a wide array of machinery. This includes compensation for physical loss or damage, with the cost of immediate repair and/or replacement covered.

Please note that coverage for fire and allied perils needs to be taken separately. Additionally, business interruption due to operational issues can be included as an extension.

What It Covers

Machinery against unforeseen, sudden accidental, physical loss or damage caused due to:
- Carelessness
- Short-circuit, Disruption, Electrical Overpressure
- Failure of Operation of Safety Devices
- Structural Defects, Material Defects or Defects of Assembly
- Fortuitous Working Accidents Such As Vibration, Maladjustment
- Loosening of Parts, Abnormal Stresses, Fatigue, Centrifugal Force, Excessive Speed
- Defective or Accidental Lack of Lubrication, Seizure, Water Hammer or Local Overheating
- Falling, Impact, Collision or Similar Occurrences
- Obstruction or the entry of foreign bodies
Whilst
- Working Or At Rest
- Being Dismantled, Moved or Re-Erected For The Purpose of Cleaning, inspection, repair or installation in another position within the location

Basis of Sum Insured

The sum insured has to represent the new replacement value of the machine including customs duty, freight and cost of erection & testing.

*Subject to terms, and conditions.

Note

Particulars of cover and exclusions given above are not complete or exhaustive. For more details please call us on0112 428 428or visit one of our nearest branches.