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Wednesday, August 04, 2021

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Machinery Breakdown Insurance



Concept: The Covers Loss or Damages to Machinery whilst working or at rest or being dismantled moved or re-erected for the purpose of cleaning, inspection, repair or installation in another position within the situation for the following clauses. 

Coverage:

  • Machinery against unforeseen, sudden accidental physical loss or damage caused by carelessness.
  • Short-circuit, disruption, electrical overpressure.
  • Failure of operation of safety devices.
  • Structural defects, material defects or defects of assembly.
  • Fortuitous working accidents such as vibration, maladjustment.
  • Loosening of parts, abnormal stresses, fatigue, centrifugal force, excessive speed.
  • Defective or accidental lack of lubrication, seizure, water hammer or local overheating.
  • Falling, impact, collision or similar occurrences.
  • Obstruction or the entry of foreign bodies.
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