CONTRACTOR’S PLANT AND MACHINERY
The Contractors Plant & Machinery (CPM) policy is an annual ‘All Risks’ policy for plant and machinery of every kind.
COVERAGE
Covers sudden and unforeseen physical loss or damage to the insured vehicle/machinery including loss/damage;
- By accidental collision or overturning
- Impact damage caused by falling objects
- Fire, Explosion or Lightening
- Malicious acts/Vandalism, Burglary or Theft
- Natural Perils including Tsunami & Tidal Waves, etc
MAJOR COVERS AND EXTENSIONS
- Cover for inland transit
- Personal accident cover for drivers
- Towing charges following an accident
MAJOR EXCLUSIONS
- Machinery breakdown
- Loss or damage to replaceable parts or items
- Loss of or damage to waterborne vessels or craft
- Loss or damage due to total or partial immersion in tidal waters
- Wear & tear or deterioration due to normal atmospheric conditions
- War and acts of war (rebellion, revolution, insurrection, mutiny)
- Nuclear radiation or radioactive contamination
- Willful act or willful negligence of the Insured
- Manufacturer defects
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Protection, Dhivehi Insurance
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