Please enable JavaScript.
Coggle requires JavaScript to display documents.
MACHINERY BREAKDOWN INSURANCE POLICY -the protection to cover machinery…
MACHINERY BREAKDOWN INSURANCE POLICY -the protection to cover machinery in all condition, whether they are work at work or at rest, or being dismantled for the purpose of cleaning or overhauling or when being shifted within the premises
-
-
-
-
-
-
-
example business operating in the following industries- oil and petrochemical, chemical and pharmaceuticals, manufacturing industries
-
- preamble part - insured, insurer name, type policy, address of registered, premium charge
- body part- condition,warranties,exclusions, endorsement
- closing part - attestation clause
- lack of skill, carelessness
-
- shortage of water in boilers
- physical explosion,tearing apart on account of centrifugal force
-
-
-
-
- maintenance program in place
-
- nature and mode of the operation
-
-
-
- duty of disclosure of claim information
- PARTIAL LOSS-new part are replaced in respected damage items
- TOTAL LOSS- actual value of item before the occurrence of loss
- age, condition of machine
- maintenance programmers in place
-
- seasonal/ operational hours