MACHINERY BREAKDOWN POLICY (SCOPE OF COVER (defects in casting and…
MACHINERY BREAKDOWN POLICY
This product covers against loss or damage due to breakdown of plant and machinery after successful completion of their performance acceptance tests, whether they are at work or at rest, or being dismantled for the purpose of cleaning or overhauling or when being shifted within the premises.
ALL MECHANICAL AND ELECTRICAL EQUIPMENT
SCOPE OF COVER
defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship
lack of skill, carelessness
shortage of water in boilers
physical explosion, tearing apart on account of centrifugal force
from other cause not specifically excluded under this policy In a manner necessitating repair or replacement.
The deductible stated in the Schedule
Faults or defects existing at the time of commencement of the insurance which ought to have been or were known to the insured
Willful acts or willful negligence of the insured or his representatives
Supplier, contractor or repairer is responsible either by law or under contract.
wear and tear as consequence of ordinary use or operation as well as cavitation, erosion, corrosion or boiler scale
maintenance programmed in place
age and condition of the machine
seasonal/shift use and operational hours