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)
- 2 comments
Comprehensive machinery (CM) insurance
Section 1 . Operational material damage
Section 2 . Operational business interruption
Schedule
Comprehensive machinery (CM) insurance – Endorsements
Special insurance covers
1300 Strike, riot and civil commotion
1301 Extra costs for airfreight
1302 Underground machinery and equipment
1303 Business interruption resulting from machinery breakdown during a
guarantee period
1304 Earthquake
1305 Prolongation of the interruption period due to deterioration
1306 Maximum demand charges
1307 Additional expenditure other than increased cost of working
1308 Failure of public power, water, gas or steam supply
1309 Delay in repair
1310 Suppliers’ extension
1311 Customers’ extension
Special conditions
1360 Serial losses
1361 Refractory materials and/or masonry in industrial furnaces and boilers
1362 Refrigerant and lubricating oil
1363 Conveyor belts and chains
1364 Wires and non-electric cables
1365 Rewinding of electric machines (e.g. motors, generators, transformers)
1366 Repairs to combustion engines (e.g. diesel, gas engines)
1367 Components along the hot-gas path of gas turbines
1368 Waiver of underinsurance
1369 Submerged and deep-well pumps
1370 Overhauling of platen presses
1371 Overhauling of electric motors and generators above 1,000 kW (other than
turbo-generators)
1372 Overhauling of steam, water and gas turbines and turbo-generator sets
1373 Inspection and overhauling of boilers
1374 Sum insured on unit-price basis
1375 Flue gas purification plants
Wordings and Clauses Comprehensive machinery (CM) insurance,
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IMAM MUSJAB
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Source: Munich Re
Comprehensive machinery (CM) insurance – overview
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IMAM MUSJAB has written 355 stories on this site.
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this policy covered accidental damage as LM7 property all risk policy and what is the fetures under LM7 NOT INCLUDING (CM)POLICY
this policy covered accidental damage as LM7 property all risk policy and what is the fetures under LM7 NOT INCLUDING (CM)POLICY