Machinery Breakdown

 Machinery breakdown policy is ideal cover for plant and machinery, to cover cost of repair or replacement of damaged parts as a result of accidental Electrical and Mechanical Breakdown.


  • Sudden and unforeseen accidental damage to machinery, the machinery can be at work or at rest.
  • Damage due to faulty material, human error / lack of skill in operation by workers/operators, faulty construction, carelessness, overheating of parts, entry of foreign body, short circuit, faults in erection failure of operation of safety device, wear & tear.


  • Fire and related perils
  • Damage due to any cause for which the manufacturer, supplier/repairer is responsible.
  • Willful act or gross negligence of insured
  • Normal wear & tear
  • Operating media & exchangeable tools
  • Excess to be born by insured for each & every claim.


  • The SI of each item of machinery must be its present day Replacement value of similar new machines including incidental expenses, taxes, excise, freight etc. If the SI is not adequate than under insurance shall apply at the time of claim.


  • Express freight ,holiday and overtime rates of wages
  • Air freight
  • Additional Custom duty
  • Escalation

EXCESS: 1% of the sum insured subject to minimum of Rs. 2,500/-