Installed Machinery Insurance

This policy is designed to insure Machineries which are fixed in the premises covering loss or damage due to unforeseen and sudden physical loss or damage from causes such as defects in casting and material, faulty design, bad workmanship, lack of skill, carelessness or from any other cause not specifically excluded herein after, in a manner necessitating repair or replacement. This policy is normally incepted on an annual basis and it is important that machineries are covered on new replacement value basis to avoid under insurance.