Machinery Breakdown Insurance
This policy offers security cover on machinery for accidental breakdown and physical damage caused to machinery and cost of repair or replacement. Machinery Breakdown policy also covers abnormal operating conditions, falling, impact and collision of machinery resulting in breakdown. This policy covers above mentioned situation on machinery both in rest and working condition. Destruction or damage to machinery due to fire and its special perils, loss on overload experiment, regular wear and tear, explosion in boiler, damage to chain, belts, ropes other exchangeable tools are not covered in this policy.