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Machinery Breakdown Insurance

Covers cost of repairs or replacement for all kinds of plant and machinery

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Machinery Breakdown Insurance Policy

The policy covers unforeseen and sudden physical damage to any mechanical and electrical machinery and/or equipment by any cause necessitating repairs and/or replacement.

  • Faulty design

  • Faults at workshop or in erection

  • Defects in casting

  • Faulty operation, lack of skill

  • Negligence

  • Tearing apart on account of centrifugal force

  • Short circuit and other electrical causes

Exclusions

  • Fire, lightning, Chemical Explosion, Burglary and Theft

  • Inundation, flood

  • Earthquake

  • Subsidence, landslide, Impact of land borne, Water borne craft.

  • Wear and tear

  • War or warlike operation

  • Willful acts or Gross Negligence on the part of the Insured or of his representatives

  • Faults or defects existing at the time of commencement of the insurance which ought to have been or were known to the Insured

  • Faults or defects for which the supplier is responsible either by law or under contract (losses covered by warranty)

  • Nuclear reaction, Nuclear Radiation or Radioactive contamination

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