MACHINERY BREAKDOWN INSURANCE

achinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages. inspection and overhauling or removal to another position or in the course of their operations or subsequent re‐erection, provided these are performed in the same premises.

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GUIDELINES FOR DETERMINING SUM INSURED:

For this purpose the Sums insured should be reviewed at frequent intervals and, if possible, values should be linked to an acceptable index showing the fluctuation in prices. An annual revaluation of the items of plant and machinery should also be carried out in order to ensure that the Sums Insured are always kept up‐to date.

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