Agricultural-Pumpset-Insurance-Policy

We Cover
All kinds of pumpsets like centrifugal jet and submercible (both electrical and diesel) up to 30 HP of approved makes.

Who can be insured ?
Owners of pumpset or financing banks and manufacturers of pumpset can insure under Pumpset Package Policy.

Insured against What Risks ?
Fire and lightning.
Theft/burglary.
Mechanical/Electrical breakdown
RSMD and Terrorism
Flood

WHAT WILL POLICY PAY AND HOW MUCH

Policy will pay under below cases:
For total loss of sum insured or market value prior to loss whichever is less is payable . For replace parts depreciation is chargeable in the event of electrical / mechanical breakdown losses.

The rewinding charges are reimbursable subject to maximum limits specified in the policy. There will be due deduction for salvage and excess

WHAT WILL POLICY NOT PAY

Policy does not cover

Normal wear and tear gradual deterioration due to atmospheric condition or otherwise.

Willful or gross negligence of insured or his representative.

Faults existing at the time of commencement of insurance known to insured or his representative.

Loss or damage for which manufacturers or suppliers are responsible either by law or under contract.

Cost of dismantling transport re-erection.

War and nuclear perils.