Scope of Cover

Sudden and unforeseen accidental damage to machinery

• The machinery can be at work or at rest

• Machinery being dismantled for cleaning / overhauling and in course of these operations being shifted within specified premises or being re-erected subsequently also covered.

Extensions

• Escalation

• Express freight (excluding air freight), overtime and holiday rates of wages

• Air freight

• Owner's surrounding property

• Third party liability

• Additional customs duty

Exclusions

This policy covers all risks subject to the following exclusions:

• Fire and related perils

• Overload experiments / tests / abnormal operating conditions

• Gradual flaws / defects not necessitating immediate stoppages

• Normal wear and tear

• Wilful act/negligence

• Contractual liabilities

• Pre-existing defects

• Consequential losses

• Parts requiring regular replacements

• Terrorism