study case of machinery breakdown insurance

machinery breakdown insurance case machinery breakdown insurance cover in-service equipment against sudden and unforeseen physical damage to any types of machinery whether at work or at rest and during cleaning, inspection, overhauling and removal to another position within the premises. The most important of machinery breakdown insurance is about exclusion.   What are the major exclusions under this policy ( machinery breakdown insurance case)? This policy does not cover losses such as : Loss of or damage to exchangeable tools, catalyst Loss or damage due to fire & allied perils, flood, collapse of building, landslide Loss or damage due to burglary, theft Loss or damage for which a contractor, supplier or repairer is responsible either by law or under contract Loss or damage caused by existing defects or faults War, Civil War and any act of Terrorism Radioactive and nuclear energy risks Wilful acts or wilful negligence Loss or damage[…]

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how to process a machinery breakdown insurance claim?

Machinery breakdown insurance claim Taking care of machinery breakdown insurance claims is not an easy job. I share my experience about taking care of the machinery breakdown insurance claim process to get compensation from the insurer. This experience is related to machinery breakdown insurance for a diesel engine that we have done preventive maintenance (major overhaul). Some years ago, I worked in a Service Team to do repair, maintain and operate Diesel/gas engine generator set. In a year, we may got 500 Service jobs. Our mechanics have done a major overhaul followed by load test and commissioning. The diesel engine was said to have been operating properly and delivered to the customer. We gave warranty to the customer for 6 months and we bought a machinery breakdown insurance for 6 months. During the warranty period, we got call from customers about the failure of diesel engines. We sent the mechanic to[…]

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