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Machinery breakdown

Under these Special conditions property damage is covered

resulting from breakdown of plant and machinery in ownership or in the custody of the insured. The Special conditions have been worked out to provide the necessary insurance cover against the risk of any failure in the plant and machinery in the production process.  


The insurance is provided on “all risks” basis to cover any unforeseen loss or damage to insured plant or machinery resulting from whatever reason, which is not explicitly excluded under the special conditions, such as: defective material or casting, faulty design, any mistakes made in the course of business activities or errors in installation and erection of machinery, bad workmanship, lack of qualification, negligence, lack of water in boilers, explosion, destruction resulting from centrifugal forces, short circuit, actual expediting expenses, damage to own property, adjacent to the insured property etc.

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