PrimeLink Insurance Agency | Machine Breakdown
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Machine Breakdown

Machinery Breakdown

Category:Non Motor

Description:

CLASS OF POLICY

Machinery Breakdown Insurance

PERIOD

 

From:                                       To:

COVER

 

Sudden and unforeseen accidental loss and/or damage to plant and machinery and/or equipment whilst at rest and/or working and/or in the process of cleaning   and/or repair and/or theft per policy.

 

INTEREST

Items Insured

  • On _______________________________
  • On _______________________________
  • On _______________________________
  • On _______________________________
  • On _______________________________

 

Total Sum Insured

 

Sum Insured (Ksh)

_____________________

_____________________

_____________________

_____________________

_____________________

 

_____________________

 

EXCESS

 

10% of sum insured per unit item minimum Ksh. 10,000/=

SPECIAL CONDITIONS & CLAUSES

 

 

 

  • Automatic reinstatement of loss.
  • Reinstatement value clause.
  • Replacement value clause.
  • Malicious damage.
  • Bush fire clause covered.
  • Flood, storm, tempest, water drainage, impact etc.
  • Riots & strike.
  • Fire & lighting.
  • Transit risks covered.
  • Internal/external/temporary removal.
  • Earthquake & explosion.
  • Electrical clause deleted
  • Excluding loss/damage covered under warranty.
  • Excluding millennium clause.
  • Excluding war & terrorism.

BASIS OF SETTLEMENT

 

 

Replacement of value per property.