Machinery Breakdown Policy

Machinery Breakdown Policy

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Machinery Breakdown Policy

Introduction

Who can take this Policy?

Coverage

Add on Covers

Basis of Sum lnsured

Exclusions

IMPORTANT POINTS TO REMEMBER WHILE BUYING THE POLICY

Ensure the right value on RIV basis and if desired get the proper valuation done to avoid dispute at the time of claim

Each machine's identification/serial number should be mentioned in the Policy/Annexure

Spare of all critical parts to be available on site/factory

Key Documents at The Time Of Claims

General Claim
Intimation Format

Immediate Action Client
Should Take

Indicative General Documents
for Settlement of Claims

Why Choose Us?

Professional & Experienced Team

Professional & Experienced Team

Customized Solutions

Customized Solutions

Strong Relationship With Insurance Companies

Strong Relationship With Insurance Companies

Service Commitment ONTIME EVERYTIME

Service Commitment ONTIME EVERYTIME

Technological Edge

Technological Edge

Additional Services Offered

Additional Services Offered

Competitive Premium

Competitive Premium

Single Window Solution

Single Window Solution

Downloads

Proposal Form

Policy Wordings

Claim Form

FAQ's

PREMIUM

COVERAGES

CLAIMS

OTHERS

Claim Case Study - 1

1

Situation

A machine used in textile manufacturing unit got burned due to excess voltage. The flams were very high and a nearby machine also caught fire

2

Challenge

The machine which got burned due to excess voltage was covered under the MBD policy and the loss to the nearby machine was not covered undre the MBD Policy

3

Solution

MBD policy covers loss due to fire only due to breakdown, spread of fire is not covered under the MBD Policy

4

Advisory/Conclusion

Client should opt for both Fire and MBD Policy

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