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Note-Agicultural Pumpset Insurance

  • Particulars of cover liability and exclusion given above are not complete or exhaustive :
  • Our nearest Branch Office branch may be approached for complete details.
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What will Policy Not Pay-Agicultural Pumpset Insurance

Policy does not cover
  • Normal wear and tear gradual deterioration due to atmospheric condition or otherwise.
  • Wilful or gross negligence of insured or his representative.
  • Faults existing at the time of commencement of insurance known to insured or his representative.
  • Loss or damage for which manufacturers or suppliers are responsible either by law or under contract.
  • Cost of dismantling transport re-erection.
  • War and nuclear perils.
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What will Policy Pay and how much-Agicultural Pumpset Insurance

Policy will pay under below cases:

For total loss of sum insured or market value prior to loss whichever is less is payable . For replace parts dpereciation is chargeable in the event of electrical / mechanical breakdown losses.

The rewinding charges are reimbursable subject to maximum limits specified in the policy. There will be due deduction for salvage and excess

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About the Policy-Agicultural Pumpset Insurance

We Cover

All kinds of pumpsets like centrifugal jet and submercible (both electrical and diesel) upto 30 HP of approved makes.

Who can be insured ?
  • Owners of pumpset or financing banks and manufacturers of pumpset can insure under Pumpset Package Policy.
Insured against What Risks ?
  • Fire and lightning.
  • PTheft/burglary.
  • Mechanical/Electrical breakdown
  • RSMD and Terrorism
  • Flood
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