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Machinery Breakdown Insurance

Machinery Breakdown Insurance


Take Control of your business's destiny with the help of SBI General Insurance
Life is full of surprises. Some are pleasant and some are not. As you continue to expand your business horizon, you are also exposed to the risks that are associated with Machinery Breakdown that can put a break in your growth plan. SBI General Insurance can help you to successfully overcome these situations and put you firmly in control of your business.
With SBI General's Machinery Breakdown Insurance Policy, you can safeguard your Machineries.

Key Features

  • This policy provides breakdown cover to a diverse spectrum of machinery and equipment in commercial/ manufacturing facilities
  • Covers is given only to machinery/equipment which is mentioned in the policy schedule and are in use or at rest at the covered location.
  • Also cover is extended to machinery which is being dismantled for cleaning / overhauling or in course of these operations, being shifted within covered location or being re-erected subsequently, in covered location

Sum Insured

  • The Sum Insured shall be equal to the cost of replacement of the insured property by new property of the same kind and same capacity which shall mean its replacement cost including freight and customs duties, if any, and erection costs. Each Sum Insured shall be separately declared for each and every item of machinery specifying the location.


  • The Policy pays for unforeseen and sudden physical damage caused to the machinery mentioned in the policy schedule at the covered location due to any perils other than those which are specifically excluded under the policy.
  • On payment of additional premium, the following additional coverage's can be opted for
  • Express Freight
  • Air Freight
  • Owner's Surrounding Property
  • Clearance and removal of debris
  • Additional Custom duty
  • Escalation
  • Third Party Liability


  • The Company will not be liable under the Policy in respect of loss or damage due to
  • Loss of or damage caused due to Fire, Lightning, Explosion, Theft, Subsidence, Landslide, Flood, Inundation, Storm, Tempest, Earthquake and Volcanic Eruption or any other Act of God perils.
  • War, Nuclear Perils
  • Over load experiment or test requiring the imposition of abnormal conditions
  • Gradually developing flaws, defects, cracks or partial fractures
  • Deterioration of or wearing away / out of any part of machinery
  • Wilful or gross negligence of insured
  • Faults or defects existing at the time of inception of policy
  • Consequential Loss
  • Excess stated in the Schedule
  • Damage for which the manufacturer or supplier or repairer of the property is responsible either by law or contract.
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