| Interest Insured |
All types of machinery/ equipment at construction/ erection site etc. |
| Who Needs To Buy |
Construction/ Erection/ Installation projects such as:
- Building Construction projects (houses, schools, hospitals, shopping centers, public buildings…)
- Civil Engineering projects (roads, railways, pipelines…)
- Mechanical or Electrical Installation projects
- Crane/Machineries erection/re-erection projects
....
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| Scope Of Cover/ Insured Perils |
Covering to all sudden and unforeseen accidental physical damage to machinery. In the event of a breakdown, We may:
- repair the damaged item of machinery to its condition immediately prior to damge, or
- replace damaged of machinery with similar items, or
- pay the Insured the cost of repairs or replacement, whichever is the lesser.
|
| Rating |
Depended on the Insured's:
- The work and the site
- Contract details and values
- Type/Origin and sizes of Machinery
- Maximum limit per machine
- Year of manufacture
- The claim history
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| Requested Document |
- Proposal Form/ Application Form
- Types and list of machinery insured
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