Coverage
Indemnify for material damage unforeseen and accidentally occurred for machinery due to insured risks, except risks excluded in the wording.
Exclusions
This Policy does not cover:
- Mechanical or electrical failure (means damage resulting from defective material, design construction or erection) or overheating of the Machinery,
- Loss or damage due to testing involving the imposition of abnormal conditions, intentional, overloading or experiments,
- Loss or damage for which a supplier contractor or repairer is legally responsible by contract or otherwise,
- Theft or conversion of any item of Machinery by the hirer of such Machinery or his employees or agents,
- Consequential loss liquidated damages or penalties for delay or detention or in connection with guarantees of performance or efficiency.
The above is a brief summary of the product. For more details, click here or contact MSIG Insurance (Vietnam) Co., Ltd
