CONTRACTOR'S PLANT AND
MACHINERY INSURANCE

Ideal Advantage -

 

  • Lowest Premiums
  • Best Product
  • Renewals from any Company
  • Quick Claim Settlement
  • 24 Hr Service Helpline
  • Timely Renewals

 

The Policy Covers

 

This is an All Risk policy covering sudden and unforeseen physical damage to machinery insured by any cause or peril not specifically excluded under the policy.
The policy is convenient and easy to understand, with easy documentation and hassle free claims service

 

Exclusions

 

  • Vehicles without identification number / individual sum insured
  • Transit risks from site to site
  • Machinery breakdown risks, Abandonment, defects at inception
  • Freezing of coolant or other fluids, defective lubrication, Replaceable parts
  • Explosion due to steam pressure in I.C engine
  • Vehicles plying on public roads and liability arising thereof
  • Hull and machinery of water borne vessels / crafts and Pay loaders on barges
  • Total and partial immersion in tidal waters
  • Wear and tear, rusting, Testing for other purposes, War and Nuclear perils
  • Willful act/negligence of insured, Consequential loss / liability , Inventory loss
  • Cost of preparing drawings / patterns / core boxes
  • Cost of alteration, improvement, overhauls, modifications, additions, material changes. Breakage / abrasion of wire or stands of rope / slings of a crane

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