What is this insurance?
Not available on its own, issued only in combination with "Fire and other risks" insurances or "All risks relating to the merchant's property".
What does insurance cover?
Any sudden and unforeseen loss or damage to machinery due to accident causes such as:
- Defects in casting, in the material;
- Errors in the design, errors made in the workshop or during installation, construction;
- Poor workmanship, lack of appropriate qualification, negligence;
- Lack of water in boilers, explosion, destruction of parts due to centrifugal forces;
- Short circuit, storm or any other reason not specifically mentioned in the General Conditions as excluded, in such a way that repair or replacement is required.