Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why should I take Machinery Breakdown Insurance policy in spite of having a Fire Policy for the machinery?

April 26, 2017breakdown insurance policy machinery policy spite

0

Posted

Why should I take Machinery Breakdown Insurance policy in spite of having a Fire Policy for the machinery?

1 Answer

0

Posted

Fire Policy does not pay for repair and /or replacement of machineries arising out of sudden accidental electrical and mechanical breakdowns. In order to have protection against such losses, Machinery Breakdown Insurance is required.