Machinery Breakdown Insurance

Machinery Breakdown Insurance covers the repair and replacement costs in the event of sudden and unforeseen damage to the machinery and facilities specified in the policy, after the trial period—whether the machinery is operating or idle.

This insurance provides coverage against operational accidents, production and assembly errors, lubrication failures, electrical faults, blockages, or damage caused by foreign objects entering the machinery. It also includes risks such as disintegration due to centrifugal force, lack of water in steam boilers and tanks, sudden temperature changes, and deformations resulting from pressure differences in enclosed vessels. Additionally, damages caused by natural disasters like storms, hurricanes, frost, and ice movements, as well as negligence or errors by personnel or third parties, are also covered under the policy.

Other sudden and unforeseen damages not specifically excluded are also included in the coverage.

Excluded parts: Cutting tools (such as drills, saws, etc.), hot rolling mill rolls, molds, conveyor belts, insulation oils, and consumable materials that require periodic replacement are not covered by the insurance policy.