Machinery Breakdown

In the event of electrical fault or fusion this section will cover motors and equipment associated with cool rooms, compressors and refrigeration units.

 This policy has an extension that covers the deterioration of stock in the event of machinery breakdown (cool room or refrigeration unit) this enables you to recover the cost of perishable goods that may have been destroyed. This section covers replacement value and is not depreciated.

DO YOU NEED THIS COVER?

If one of these units fail in relation to cool rooms, refridgeration units etc, then the cost could be considerable, and as the policy is replacement value, insurance would be a cost effective way of covering it. If you require cover to damaged perishables in the event a unit fails, you are required to have machinery breakdown to have the extension. The decision you need to make is if you can bear the cost or pass that onto the insurance company.

CALCULATING SUM INSURED

This is based on the number of units including cool rooms, refridgerated and other equipment and also it can be covered under blanket cover sum insured, for example, $10,000.

ADDITIONAL FEATURES OF THIS SECTION

• Cover for additional unspecified machinery
• Hire costs of temporary machinery or boilers and pressure
• Submersible and deep well pumps

SPECIAL BENEFITS

• Additional charges