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Engineering
and Inspection Insurance >
Hired-in
Machinery
Product
summary
Hired-in
Machinery covers the insured's legal liability under
terms of their hiring agreement, to pay for loss or
damage
caused to hired machinery and also meets the cost of
continuing hire charges.
Key features
- Cover
on a legal liability basis.
- Premium
calculated on the estimated annual hire charges.
- Continuing
hire charges following loss or damage.
- The cost
of repairing or replacing plant and machinery hired-in
following loss of damage, where the insured is legally
liable.
Exclusions
- Loss or
damage, which occurs when two or more items of lifting
plant share a single load.
- Normal
wear and tear.
- Motor
vehicles where not primarily a tool of trade.
- Minimum
excess of £500.
- Loss
or damage caused during sea and air transit.
- Damage
by terrorism (unless specifically included)
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