Machinery Breakdown Policy
It covers losses due to the breakdown of any machinery in a processing unit like motors, diesel generator sets, air conditioners, transformers sorters, grinders, pumps, etc.
1
Coverage
​The policy offers cover against loss or damage to the plant and machinery due to sudden and unforeseen reasons whilst the machinery is at work or at rest caused by:
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Faulty material, design, construction or erection.
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Vibration, mal-adjustment, mal-alignment
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Defective lubrication, loosening of parts, stress, molecular fatigue, heating, centrifugal force, explosion/implosion.
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Electrical faults and failures.
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Failure of connected machinery or protective devices.
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Lack of skill/carelessness of the operators.
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Falling, impact, collision and the like
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Obstruction or entry of foreign bodies into the machine
2
Exclusions
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Fire and allied perils
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Theft
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Overloading experiments
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Willful acts or gross negligence
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Flaws that gradually develop and deterioration from normal use.
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