Machinery Breakdown Insurance PolicyMachinery Breakdown Insurance Policy

Machinery Breakdown
Insurance Policy

  • Introduction
  • What’s covered ?
  • What’s Not covered?
  • Why Choose HDFC ERGO?

Introduction

 

When the production of a factory grinds to a halt because of breakdown, it can result in huge losses. Especially when delivery schedules are tight and the penalties are strict.

The resulting downtime, lost production and loss of reputation can be overwhelming. Trust HDFC ERGO’s Machinery breakdown Policy to provide the ideal safeguard for your organization.

What’s Covered?

What’s Covered

The policy broadly covers loss due to all kinds of Accidental, electrical and mechanical breakdowns as a result of internal and external causes. Read More...

What’s Covered

You can also cover the machinery foundations, masonry, brickwork as well as oil in transformers from unforeseen and sudden physical loss or damage, other than specified excluded perils and forms of damage

What's Not Covered?

What’s not covered?

The policy does not cover loss and/or damage from:

 

Extensions 
  • Air Freight
  • Express Freight (excluding Air Freight), Overtime and Holiday Wages
  • Insured’s Own Surrounding Property
  • Third Party Liability
Sum Insured

The value proposed for insurance should be equal to the new replacement cost, including freight, erection cost and customs duty, if any.

Excess

A compulsory excess is chargeable, depending upon the value of the insured machinery.

Premium

The rate depends upon the type of machinery to be insured. You can get discounts in respect of stand-by facility, availability of spares and favorable claims experience.

Why HDFC ERGO?

Secured Over 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY: 18-19.
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY:18-19.
Awards & Recognition

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