Equipment Insurance
This insurance is specially designed to cover
against loss or damage to mobile equipment such as
excavator, tractor etc. used beyond the Insured's
premises e.g. at contract sites. Provided always
that the said equipment is not licensed for road use
and for which a certificate of Motor Insurance is
not required.
The standard policy covers the insured equipment and
its standard accessories and parts whilst thereon by
-
| a) |
accidental collision or
overturning or collision or overturning
consequent upon mechanical breakdown or
consequent upon wear and tear; |
| b) |
fire external explosion
self-ignition or lightning; |
| c) |
burglary housebreaking or
theft. |
In addition, if the equipment is disabled by
reason of loss or damage insured under the policy,
the Company will bear the cost of not exceeding
RM500.00 reasonably incurred for its protection and
removed to the nearest repairers and for its
delivery within the country where the loss or damage
was sustained.
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