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.
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...
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
The value proposed for insurance should be equal to the new replacement cost, including freight, erection cost and customs duty, if any.
A compulsory excess is chargeable, depending upon the value of the insured machinery.
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.
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All the support you need-24x7
Catering customer needs
Transparency at its best
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The policy broadly covers loss due to all kinds of Accidental, electrical and mechanical breakdowns as a result of internal and external causes. You are covered during the time the machinery is in operation or at rest or in the process of being dismantled, overhauled or during Subsequent re-erection at the same premises.
The policy does not cover loss and/or damage from:
Car Insurance 
Bike/Two Wheeler Insurance 
Health Insurance 
Pet Insurance
Travel Insurance 
Home Insurance 
Cyber Insurance 
Third Party Vehicle Ins. 
Tractor Insurance 
Goods Carrying Vehicle Ins. 
Passenger Carrying Vehicle Ins. 
Compulsory Personal Accident Insurance 
Travel Insurance 
Rural 
Critical illness Insurance 
