We Cover

• Various types of mobile equipments like earthmovers excavators cranes in particular location are covered. The policy is restricted to a particular location.

Who can be Insured ?

• The owners of the plant and machinery. Financier interest if any involved is preserved by including it as a joint name.

What is insured ?

CPM Policy can be issued by covering equipment on Anywhere in India basis with the following provisions:

• Particulars of cover liability and exclusion given above are not complete or exhaustive :
• Our nearest Branch Office branch may be approached for complete details.

The Policy will not pay under below scenarios:

• Fire related losses including extinguishment
• Act of God perils
• Gradually developing flaws
• Wearing away or wasting of the materials of a boiler like blockage corrosion fracturing blisters lamination.
• Failure of individual tubes
• War group and nuclear group of perils
• Experiments/tests requiring abnormal conditions
• Defects fracture failure deformation/bulging not resulting in explosion

Partial loss

In cases where damage to an item can be repaired the policy shall pay expenses necessarily incurred plus the cost of dismantling and re-erection. No deduction for depreciation but salvage value is deductible.

We Cover

• Boilers like fire tube boilers/recovery boilers and unfired pressure vessels/steam pipes can be covered.

Who can be Insured ?

• The owners of the boiler/ pressure plant can take insurance.

What is insured ?

This policy affords protection against