This is a comprehensive industrial machinery insurance plan. The Policy covers loss or damage to machinery, due to a sudden and unforeseeable event that is not excluded.

Basic Coverage
The basic coverage of the Insurance Policy includes:

• Loss or damage to machinery as a result of a sudden and unforeseen cause such as faulty construction, faulty components, short circuit, lack of water in the boiler, explosion, mechanical or electrical failure and any other cause not excluded.

Optional coverages:

• Covering damage due to strikes, riots, political disturbances.
• Covering air transportation costs.

Exceptions:
The Policy is subject to exclusions, some of which are:

• War risks.
• Terrorist acts.
• Nuclear radiation, environmental pollution.
• Fire, lightning, theft, flood, earthquake, aircraft crash, storm, thunderstorm, volcanic eruption, subsidence.
• Natural wear and tear.
• Consequential damage.
• Pre-existing defects.