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This policy covers for contractor's plant and machinery on the construction site, which renders its service only when moving and under a control of an operator.
Here is an overview of your coverage:
Covers for contractor's plant and machinery on the construction site, which renders its service only when moving and under a control of an operator. This includes:
Covers unforeseen and sudden accidental physical loss or damage from any cause (other than those specifically excluded) to construction plant and machinery whether the insured items are at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or in the course of the aforesaid operations themselves, or in the course of subsequent re-erection, but in any case only after successful commissioning
Here are some common exclusions under this policy
This list is non-exhaustive. Please refer to our policy contract for the full list of exclusions under this policy.
✖ Loss of or damage sustained outside the territorial limit.
✖ Equipment that is licensed for road use as defined in the Road Traffic Act.
✖ Equipment in transit (including process of loading and unloading).
✖ Equipment used:
✖ Equipment operated by an authorized operator under the influence of intoxicating liquor or drugs.
✖ Equipment operated on board any waterborne vessel.
✖ Consequential loss or legal liability of any nature.
✖ Incidents resulting from:
Your premium may vary, depending on:
This insurance is underwritten by Tokio Marine Insurance Singapore Ltd. All benefits and features mentioned here are subject to the terms and conditions of the policy. Please refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only.
If you require assistance from us regarding any matter, please speak to your agent or contact our office
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