Contractors' Plant & Machinery Insurance
It is a plan which covers mobile equipments that are not licensed for road use. This includes:
Here is an overview of your coverage.
Covers loss of or damage to:
o Accidental collision, overturning and collision, or overturning resulting from mechanical derangement
o Fire, external explosion, self-ignition or lightning
o Burglary, housebreaking or theft
Your premium may vary, depending on:
Your premium may vary, depending on:
The deductible stated in the Schedule to be borne by the Insured in any one occurrence; if more than one item is lost or damaged in one occurrence, the Insured shall not bear more than the highest single deductible applicable to such items.
Loss or damage due to:
Loss or damage to replaceable:
Loss or damage due to explosions of any boiler or pressure vessel subject to internal steam or fluid pressure or any internal combustion engine.
Loss or damage due to total or partial immersion in tidal waters.
Loss or damage whilst in transit, unless otherwise agreed by endorsement.
Loss or damage as a direct consequence of the continual influence of operation (e.g. wear and tear, corrosion, rust, deterioration due to lack of use and normal atmospheric conditions).
Loss of or damage to plant and/or machinery working underground, unless otherwise agreed by endorsement.
Loss of or damage to vehicles designed and licensed for general road use, unless these vehicles are exclusively used on construction sites.
Loss or damage to waterborne vessels or craft.
Loss or damage occurring whilst any insured item is undergoing a test of any kind or is being used in any manner or for any purpose other than what is it designed for.
Continued consequential loss from an unused property or legal liability to third parties, due to any cause.
Loss or damage discovered only at the time of taking an inventory or during routine servicing.
Loss or damage to the manufacturer or its suppliers, liable for insured property laws.
Damages due directly or indirectly by:
Damages due to any pre-existing fault or defect that you were aware of before coverage commenced.
Damages due directly or indirectly to any act with intent, or gross negligence of the insured or the representative of the insured.
These plans are subject to the supervision and administration of Tokio Marine Safety Insurance (Thailand) PCL by plan coverage and benefits thereof, all of which are subject to the requirements of the company. It used to be for reference only
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