Machinery Breakdown Insurance

  •  About Policy 
  •    Scope of Cover 
  •    Extensions 
  •    Add-ons 
  •    Exclusions 
  •    Rating 

About Policy

Machinery Breakdown Policy covers your mechanical and electrical machinery and equipment for which you are responsible or held in trust and/or commission at the insured premises.

The policy covers unforeseen and sudden physical damage to any mechanical and electrical machinery and/or equipment by any cause necessitating repairs and/or replacement.

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Scope of Cover

The insurance policy broadly covers loss due to all kinds of accidental, electrical and mechanical breakdowns due to internal and external causes. The cover is granted when the machinery is in operation or rest or in the process of dismantling, overhauls or during subsequent re-erection at the same premises.

The cover includes:-

  • Faulty design, faults at workshop or in erection, defects in casting
  • Faulty operation, lack of skill, negligence
  • Tearing apart on account of centrifugal force
  • Short circuit and other electrical causes

Additional Covers

Loss or damage due to:

  • Air freight
  • Express freight (excluding air freight) overtime & holiday wages
  • Insured's own surrounding property
  • Third party liability



  • Escalation
  • Express freight
  • Air freight
  • Owners surrounding property
  • Third party liability
  • Additional custom duty



  • Discount for stand-by equipments
  • Discount for favourable claims experience
  • Discount for opting higher voluntary excess
  • Incentives for good maintenance
  • Special rating scheme for equipments valued Rs. 50 lakh and above based on age, maintenance, in-built safety systems, claims experience etc.


Loss or damage due to:

  • Fire, lightning, inundation, flood, earthquake, subsidence, landslide chemical explosion, burglary and theft, impact by land borne/water borne craft
  • Wear and tear, faults or defects existing at the time of commencement of insurance which ought to have been or were known to you, faults or defect for which the supplier is responsible either by law or under contract
  • War or warlike operations, nuclear reaction, radiation or radioactive contamination
  • Wilful acts or gross negligence on your or your representatives' part



  • Type of machine
  • Deductible

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