Scope of Cover
This insurance covers machinery against unforeseen, sudden accidental physical loss or damage including loss or damage caused by:
Internal causes such as faulty material, defects in casting, faulty construction, short circuit, faulty erection, disruption, failure of operation of safety devices
External causes such as lack of skill, carelessness, falling of foreign bodies, electrical overpressure, failure of other connected machinery, entry of foreign object
Extensions
Third party liability
Damage to Foundation of Machinery
Express freight, holiday wages, overtime charges in the event of a claim
Air Freight
Damage to the surrounding property
Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.
UIN no. IRDAN123P0038V01200203