- Machinery Breakdown Insurance covers loss or damage to fixed and/or non-mobile plant and machinery due to any unforeseen and sudden physical loss or damage to machinery insured resulting from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on
- Account of centrifugal force, short circuit
- Scope of Cover
- The Policy provides cover against deterioration of perishable stock such as ice creams, meat, chicken, vegetables and others similar items of trade by the mechanical breakdown of the refrigerating plant. The insured is indemnified for the damage caused to the insured stocks by deterioration arising out of any accidental damage to the refrigerating plant resulting in a rise in temperature.
- Deterioration of Stock in Cold Storage insurance is designed to meet the requirements of those who want to insure their stocks against deterioration of goods in cold storage due to breakdown of refrigerating machinery provided such machinery is covered under a Machinery Insurance Policy.
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