This cover is suitable for installed plant and machinery including lifts. The policy covers sudden and unforeseen mechanical and electrical breakdown extended to include extraneous damage. The sum insured should represent the new replacement value of the machinery including the cost of freight, installation and customs dues. It is also possible to arrange for a “Loss of Profits following Machinery Breakdown” cover.
REQUIREMENTS TO PLACE COVER
- Completed proposal form
- List of the plant to be insured including dates of manufacture
- Payment of premium
DOCUMENTS REQUIRED TO REGISTER A CLAIM
- Completed claim form
- Report from an Engineer regarding the probable cause of the breakdown
- Repairs invoices or quotation for cost of replacement of the machine if not economical to repair.