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Machinery Breakdown Insurance

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WHO SHOULD TAKE SUCH POLICY? ANY INDIVIDUAL WHO IS OWNER OF MACHINERY OR COMPANY HAVING BIG MACHINES CAN TAKE THIS POLICY.

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Unforeseen and sudden physical damage to machinery at specified premises warranting immediate repair or replacement caused by –

  • Voltage surge, short-circuit.
  • Disruption by entry of foreign bodies.
  • Design error, faulty casting, and faulty material.
  • Collision, impact etc.
  • Careless operation.
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  • Fire
  • Wear and tear
  • Gradually developing cracks, fractures.
  • Overloading or experiments under abnormal condition.
  • Existing defects for which manufacture or supplier is responsible.
  • Damage to belts, ropes, chains or exchangeable parts.
  • Losses under manufacturing warranty.
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  • NATURE OF ITEMS
  • SUM INSURED CHOSEN
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Atlas Tower
A – 25,
Sector 136, Noida,
Uttar Pradesh 201305
India

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