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 Machinery and Plant being used in the Cold Storage, Food
Processing and other similar type of industries although
periodic maintenance are carried out are always exposed the
risks of such machinery breaking down due to unforeseen and
sudden causes. These could be electrical, mechanical or
others. While in some cases repairs can be minor but there
are times when large part of such machinery are effected
necessitating unbearable repairs or replacements costs.
We Provides suitable policies to cover losses or damages to
Electrical or Mechanical machinery, Process plant and
equipment in factories from causes such as defects in
casting and material, faulty design, bad workmanship,
physical explosion, tearing apart on account of centrifugal
force, short circuit, vibration, mal-adjustment,
misalignment etc.
The Sum Insured may be either on the basis of the actual
value or the new replacement value of the property but
should be adequate to cover the total exposure. The Insured
should be able to provide the sum Insured but may seek help
of our underwriters to determine how to do so. The Sum
Insured is very important and needs to be given due
consideration to avoid application of Average in the event
of a claim
The rate chargeable is always applied on basis on the Total
value of the Machinery or Plant and is very dependent to the
type, make and Model of the Machinery or Plant and the
Process for which it is being utilized. There are monetary
as well as time deductible in addition to other policy
conditions.
Here you will be able to seek information and request
quotation on line. |
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