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Coverage
Machinery Insurance provides coverage against unforeseen and sudden physical loss or damage to machines. This loss or damage can be caused by defects in casting and material, faulty design, faults at the workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in the boiler, physical explosion, tearing apart from centrifugal force, short circuit, storm, or any other cause that is not specifically excluded in the Machinery Insurance policy.
Applicable for business enterprises and corporations, subject to the insurer’s risk acceptance