Loading
Machinery Breakdown Insurance is an ideal cover for plant and machinery, covering the cost of repairs or replacement of damaged parts due to accidental electrical and mechanical breakdowns. This insurance is applicable to assets like generators, transformers, motors, lifts, elevators, engines, and more. It is designed to supplement fire insurance, as perils covered under the fire policy are excluded from Machinery Breakdown (MBD) coverage.
The sum insured for EAR insurance is the fully erected value of the property, including freight and customs duty. Coverage begins from the date the first consignment arrives at the erection site and continues until the policy period expires or the project is completed, whichever occurs first.
At Punarnava, Machinery Breakdown policies are meticulously tailored to meet the specific needs of clients. The key factors in designing a customised Machinery Breakdown policy include:
Punarnava ensures each Machinery Breakdown policy is customised to provide comprehensive protection, taking into account all relevant factors to ensure optimal coverage for the client's machinery and equipment.
