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Machinery Breakdown | National Takaful Insurance Company

Machinery Breakdown

Machinery and Plant being used in the cold storage, food processing and other similar type of industries,(although periodic maintenance are carried out) are always exposed to the risks of breaking down due to unforeseen and sudden causes. These causes could be electrical, mechanical or others. While in some cases, repairs can be minor, there are times when large part of such Machinery is effected necessitating unbearable repairs or replacement costs.

The “National Takaful Insurance Company” provides suitable policies to cover losses or damages to Electrical or Mechanical machinery, process plant and equipment in factories from causes such as defects in casting and material, faulty design, bad workmanship, physical explosion, tearing apart on account of centrifugal force, short circuit, vibration, mal-adjustment, misalignment, etc…
The sum insured should be new replacement value of the machinery.

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