Machinery Breakdown

MACHINERY BREAKDOWN #

It is hereby declared and agreed that notwithstanding anything contained herein to the contrary this policy extended to indemnity the insured for damage to machinery occasioned by or happening through any mechanical, electrical, electromechanical, electronic or hydraulic malfunction, failure, derangement, breakdown or non operation of any kind except as otherwise specifically excluded.

Exclusions

The insurer shall not be liable for :

1. The deductible stated in the schedule to be borne by the insured in any one occurrence, if more than one item is loss or damage in one occurrence the insured shall not however, be called upon to bear more than the highest single deductible applicable to such item
2. Loss or damage to exchange tools, e.g. dies, mould engraved cylinders, parts which by their use and/or nature suffer a high rate of wear or deprecation, e.g. refractory linings crushing hammer, object made of glass, belts, ropes, wires, rubber types, operation media e.g. lubricants, fuels catalysts;
3. Loss or damage due to fire, direct lightning, chemical explosion (except flue gas explosion in boilers), extinguishing of a fire or subsequent demolition, aircraft or order aerial devices or articles dropped there from, theft, burglary or attempts thereat, hurricane, cyclone, volcanic eruption or similar natural catastrophes;
4. Loss or damage which a supplier, contractor or repairer is responsible either by law or under contract;
5. Loss or damage caused by any faults or defects existing at the time of commencement of this policy within the knowledge of the insured or his representatives whether such faults or defects were know to the insurers or not
6. Loss or damage arising out of the willful act or gross negligence of the insured or his representatives;
7. Any consequence or war, invasion, act or foreign enemy, hostilities (whether war be declared or not) civil war, rebellion, revolution, insurrection, mutiny, riot, strike, lock out civil commotion, military or usurped power, acts of a group of malicious persons acting on behalf of or in connection with any political organization, confiscation, commandeering, requisition or destruction of or damage to property by order of any government de jure or de facto or by public authority;
8. Any consequence of nuclear reaction, nuclear radiation or radioactive contamination;
9. Loss or damage as a direct consequence of the continual influence of operation (e.g. wear and tear, cavitations, erosion, corrosion, rust, boiler scale)
10. Consequence loss or liability of any kind or description, any payments over and above the indemnity for material damage as provided herein.

Any action or other proceeding where the insurer allege that, by reasin of than provision of exclusion 7 above, any loss or damage is not covered by this policy, the burden of provision that such loss or damage is covered shall be upon the insured.