Comprehensive machinery (CM) insurance – wordings & clauses (download here)

• Sunday, December 20, 2009, 22:33
• E N G I N E E R I N G, Machinery Insurance, Machinery Insurance (MI)
• 9 comments

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IMAM MUSJAB has written 1869 stories on this site.

9 Comments on “Comprehensive machinery (CM) insurance – wordings & clauses (download here)”

• 
  ahmad wrote on 6 April, 2010, 4:52

  this policy covered accidental damage as LM7 property all risk policy and what is the fetures under LM7 NOT INCLUDING (CM)POLICY
• 
  ahmad wrote on 17 April, 2010, 4:22

  this policy covered accidental damage as LM7 property all risk policy and what is the fetures under LM7 NOT INCLUDING (CM)POLICY
• 
  Athar Jalil Jafree wrote on 8 January, 2014, 14:25

  What is the diffrence between CMI and Industrial All Risk ins. including the diffrence of deductible.

  Thanks.
  Regards

  in simple terms,
  – IAR excludes MB (Machinery Breakdown) whilst CMI covers IAR+MB
  – IAR suitable for property owners, warehouses, and general industry where property and stocks have higher value than machinery whilst in contrast CMI suits for power plants, refineries, chemical industries etc where machineries are of greater value than civil construction and stocks.
  – in respect of level of deductibles CMI retains large coinsurance share for client (higher deductible)
• 
  Athar Jalil Jafree wrote on 9 January, 2014, 17:12

  Refer to your comments on website (i.e – IAR excludes MB (Machinery Breakdown) whilst CMI covers IAR+MB )

  I Have sent you th. email extract of Industrial Insurance materiel for your kind perusal in which they mention that MB is covered in IAR.

  Kindly confirm.

  Athar, i have not received your extract, please email to imusjab@qbe.co.id or imusjab@gmail.com

  But, if it does cover MB it must be not a standard IAR Munich Re Wordings that I refer to
• 
  Athar Jalil Jafree wrote on 11 January, 2014, 12:02

  Dear Imam
  Your website is very informative in all respect. However, information on IAR is not found.

  Athar, information available in bahasa Indonesia, some are in English you may find in this articles 1, 2, 3,
• 
  Sidra Shafique wrote on 28 April, 2016, 9:56

  What is the amount of deductible and limit of indemnity in special covers and special conditions under COM.?_? 
• 
  Athar jafree wrote on 3 August, 2016, 18:43

  Dear Mr. Imam
  Below clause is a part of our CMI policy, can I understand that below clause is covering risk in premises of third party as well as transit risk?

  Please confirm.

  Thank you and Kind Regards

  Athar Jalil Jafree

  3.7 Temporary Removal 

  3.7.1  The insurer shall indemnify the insured in respect of any loss or damage to property insured (other than stock if insured hereby) temporarily removed for cleaning, renovation, repairs or maintenance to any other location whilst in transit thereto or therefrom by road, rail or inland waterway. 
• 
  Mohammad Basit Khan wrote on 13 November, 2017, 14:49

  Hi.
  Could you please send me an email of detailed differences between IAR and CMI?
  Also, I need to look at some sample proposal forms for CMI, if you have acces to any, I would love to see it too. If you do not, then tell me how it’s proposal form will be different from that of IAR: I will understand that as well>
  thanks in advance
• 
  Naji Eid wrote on 27 October, 2020, 19:28

  hi
  please can you send me a proposal form CMI
  thanks.

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