Plant, Machinery & Equipment
This Takaful policy covers unforeseen and sudden physical loss or damage from any cause that is not specifically excluded. This policy excludes loss/damage due to breakdown of the covered Plant, Machinery or equipment. But covers loss due to Fire, Lightning and other Natural Perils.
It also excludes gradual damage and loss from any cause which is foreseeable.
Cover applies whether the covered items are at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or in the course of the aforementioned operations themselves, or in the course of subsequent re-erection.
DOCUMENTS REQUIRED FOR APPLICATION?
• Proposal Form
• Plant/Machinery/Equipment registry copy
• Owner’s ID card copy/Company registry copy