Machinery Breakdown Policy

Machinery Breakdown Insurance (MBI) is a valuable insurance solution designed to safeguard businesses from the financial implications of machinery breakdowns caused by insured perils. When unexpected breakdowns occur, MBI provides coverage for the cost of repairing or replacing the damaged machinery, helping businesses mitigate potential financial losses, increased costs, and the expenses of hiring temporary workers.

Features

  • This insurance can extend its protection to a diverse array of machinery, encompassing industrial machinery, computer systems, and medical equipment.
  • In particular, highly moving and rotating equipment like compressors, pumps, turbines, transformers, DG Sets etc. are more susceptible to breakdowns.

Pricing

  • The price of MBI policy varies with the type of machinery and desired coverage level.
  • You can get a quote from us to find out how much MBI will cost..

Additional Information

Offers comprehensive coverage, providing businesses protection against unexpected machinery breakdowns and delivering peace of mind.


Available in standalone and package policy options, offering businesses flexibility in selecting the coverage that best suits their needs.

Claim Process

1

Notify your insurance company

2

Understand your policy coverage

3

Document the machinery breakdown

4

Gather supporting documents

5

Complete the claim form

6

Submit the claim form and documentation

7

Claim assessment

8

Claim settlement

9

Negotiation (if needed)

10

Claim payment

11

Thank You

Note: The claims process can vary depending on the specific circumstances and the policies.

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