Al Rajhi Takaful Machinery Breakdown Plan
This plan covers mechanical and electrical machinery and equipment installed in manufacturing premises, Malls, Big complexes etc. Diesel Power Generating equipment, Transformers, switch gears, pumps, rectifiers etc. are examples of items that can be covered by this Plan.
The Plan protects the insured items against unforeseen and sudden damages while they at work, rest or when they are being dismantled for the purpose of cleaning, overhauling or to remove them to another place within the insured premises.
Some of the contingencies covered are:
1. Faulty material, design, construction or erection.
2. Vibration, maladjustment or mal-alignment.
3. Defective lubrication, loosening of parts, abnormal stress, molecular fatigue, self-heating or centrifugal force.
4. Excessive electrical pressure whether due to atmospheric electricity or otherwise.
5. Failures of insulation, short circuits, open circuits or arcing.
6. Failure of connected machinery or protective devices.
7. Lack of skill, carelessness or malice of persons whether in the participant’s employ or not.
8. Falling, impact, collision and similar damage.
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