Machinery Breakdown Insurance provides cover to all kind of machineries against any unforeseen and sudden physical damage.
1. Defects in casting and material
2. Faulty design
3. Bad workmanship
4. Physical explosion
5. Tearing apart on account of centrifugal force
6. Short circuit
9. Misalignment etc
The main elements of the cover are related to electrical and/or mechanical breakdown & accidental damage from extraneous causes.
Usual duration of the policy is 12 months.