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Engineering and Inspection Insurance >

Machinery Movement

Product summary

The policy provides cover for loss of, or damage to, machinery during specified moving operations.

Key features

• Transit - includes incidental storage whilst in transit.
• Moving from the unloading point to the actual working position.
• Cover for lifting or lowering, from the attachment of slings until removal is included.
• Re-siting cover - removal from one site to another within same location.
• Premium is calculated on the new replacement value of the machinery to be moved.
• Premium can be adjusted at the end of each period of insurance.

Optional cover available

• Testing - protection for loss of, or damage to, new machinery caused when occurring during testing or commissioning. This extension is available for a period of up to seven days following completion of the erection.
• Cover can include erection or installation from the time the machinery is unloaded, until the start of testing or running.
• Cover can include dismantling and/or disconnecting, until loading on the transport vehicle begins.
• Sea or air transit - cover for loss of, or damage to, machinery caused during sea or air transit (subject to value of machinery and Marine Institute Clauses).

Exclusions

• Fire and the additional perils of aircraft, lightning, explosion, riot, malicious persons, earthquake, storm, flood, escape of water and impact by vehicles or animals.
• Minimum excess of £500 applies.
• Any loss or damage which occurs when two or more items of lifting plant share a single load.
• Normal wear and tear.
• Defects in design workmanship or material.
• Transit by sea or air, unless taken as an optional cover.
• Consequential loss.
• Damage caused by breakdown or explosion.
• Damage by terrorism (unless specifically included).

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