machinery_breakdown_insurance_mbd Machinery Breakdown Insurance (MBD) Home / SME / Machinery Breakdown Insurance (MBD) 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 Coverage 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 General Exclusions Fire, lightning, Chemical Explosion, Burglary and Theft Inundation, flood Earthquake Subsidence, landslide, Impact of land borne, Water borne craft. Wear and tear War or warlike operation Wilful acts or Gross Negligence on the part of the Insured or of his representatives Faults or defects existing at the time of commencement of the insurance which ought to have been or were known to the Insured. Faults or defects for which the supplier is responsible either by law or under contract (losses covered by warranty) Nuclear reaction, Nuclear Radiation or Radioactive contamination Additional Covers Escalation Express Freight Air Freight Owners surrounding property Third party liability Additional custom duty Applicability of policy cover Rating Type of machine Deductible franchise Extensions opted Apply Now
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