Service Details
Machinery Breakdown Insurance provides coverage against sudden and unforeseen physical damage to machinery arising from mechanical or electrical breakdowns. It ensures that essential industrial equipment and production machinery are protected from costly repair or replacement expenses.
This insurance is crucial for manufacturing plants, construction companies, and industries that rely heavily on machinery for their operations, helping maintain productivity and financial stability in the face of unexpected equipment failures.
Frequently Asked Question
A: It covers the cost of repairing or replacing machinery damaged due to sudden and accidental breakdowns caused by mechanical, electrical, or pressure-related failures.
A: Industries, manufacturers, and facilities that depend on continuous operation of machinery — such as factories, plants, or workshops — should have this coverage.
A:Basic policies cover repair or replacement costs. However, business interruption or loss of income coverage can be added as an optional extension.
Service Included
- Mechanical & Electrical Breakdown Coverage
- Repair & Replacement Costs
- Damage from Operator Error or Power Fluctuations
- Business Interruption Extension