The individual exclusions from the cover are listed in the Machinery Breakdown policy and mainly comprise loss or damage caused by :
- Fire, lighting, chemical explosion, burglary & theft
- Inundation, flood, earthquake, subsidence, landslide, impact of land-borne, water borne or airborne craft.
- Normal Wear and tear
- War or warlike operations, civil commotion;
- Willful acts or gross negligence
- Faults or defects existing
- Faults or defects for which the supplier is responsible either by law or under contract (losses covered by warranty);
- Nuclear reaction, nuclear radiation or radioactive contamination.
- Loss, damage and/or liability caused by Overloading experiments and tests requiring abnormal condition
- Any type of consequential loss
- Loss/ damage/ liability due to explosions in Chemical Recovery Boilers
Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.
UIN no. IRDAN123P0038V01200203