Machinery Breakdown
By its very nature, Machinery insurance is all risks insurance for machinery, supplementing the coverage afforded by Fire insurance. Thus, it covers unforeseen and sudden physical loss of or damage to the insured’s items, necessitating their repair or replacement.
Covers sudden physical loss or damage to the insured machinery resulting from:
- Physical explosion
- Malicious acts
- Negligence, human error, lack of skill
- Faulty design
- Defective material, bad workmanship
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