Machinery Breakdown Policy
It covers losses due to the breakdown of any machinery in a processing unit like motors, diesel generator sets, air conditioners, transformers sorters, grinders, pumps, etc.
The policy offers cover against loss or damage to the plant and machinery due to sudden and unforeseen reasons whilst the machinery is at work or at rest caused by:
- Faulty material, design, construction or erection.
- Vibration, mal-adjustment, mal-alignment
- Defective lubrication, loosening of parts, stress, molecular fatigue, heating, centrifugal force, explosion/implosion.
- Electrical faults and failures.
- Failure of connected machinery or protective devices.
- Lack of skill/carelessness of the operators.
- Falling, impact, collision and the like
- Obstruction or entry of foreign bodies into the machine
Exclusions:
- Fire and allied perils
- Theft
- Overloading experiments
- Willful acts or gross negligence
- Flaws that gradually develop and deterioration from normal use.
