Engineering

Machinery Breakdown Insurance

This policy is designed to cover loss or damages that occurs to the machinery whilst working or at rest or being dismantled moved or re-erected for the purpose of cleaning, inspection, repair or installation in another position within the premises for the following clauses.

Coverage:

• Machinery against unforeseen, sudden accidental physical loss or damage
• 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.

Information/Documents Required for Quotation:

• List of Machinery with item value
• Past claim experience