Machinery Breakdown Insurance

Machinery Breakdown Insurance

Coverage

The Policy covers for sudden and unforeseen physical loss occurring whilst the Machinery is working or at rest, being dismantled, moved or re-erected for the purpose of cleaning, inspection, repair or installation in another position within the Situation.


Exclusions

This Insurance does not cover for:

  • Damage due to fire, direct lightning, explosion or natural catastrophes,
  • Breakdown due to the imposition of abnormal conditions directly or indirectly resulting from testing, intentional overloading or experiments,
  • Damage due to faults or defects known to the Insured or any of his responsible employees at the time the contract was arranged and not disclosed to the Insurers.