All production and auxiliary machines (textile, metal, leather, wood, plastic, food, printing and packaging, etc. machines) in the enterprise are covered after the assembly process and the trial runs are completed, and after they are fully operational.
In Machine Breakdown Insurance, the insurance value is the cost of replacing the machines with new ones. This is because the damages that occur within the scope of this insurance are mostly partial damages, involving the replacement of the defective part with a new one, and thus the claim payment is based on the cost of this new part. Fixed machinery insured against Machinery Breakdown must also be insured against Fire.
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Machine Breakdown Insurance coverage
- Operational accidents
- Manufacturing, assembly, quality defects
- Lubrication failures
- Damage caused by electrical power (voltage fluctuations, short circuit/unlit fire, indirect effects of lightning)
- Storm
- Blockage, infiltration with impurities
- Damages to arise due to negligence, fault, mistake, carelessness, or ill-intentioned acts on part of the employees or third parties
Machine Breakdown Insurance automatically covers the following risks, provided that they arise due to sudden and unexpected causes:
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Supplementary Scope
- Physical Explosion
- Damages to arise on the foundations and bases of the machinery
- Strikes, lock-outs, commotion, public disturbances, and terror
- Overtime and rapid transportation costs required as a result of the damage
- Comprehensive insurance (fire, earthquake, flood, earth collapse, rock fall, collision, impact, overturning, and theft as an additional coverage element, upon request) for powered construction machinery (excavators, dozers, loaders, cranes, forklifts, etc.)
The scope of coverage of the Machine Breakdown Insurance can be extended with the following additional coverage elements:
