Agricultural-Pumpset-Policy

We Cover
All kinds of pump-sets like centrifugal jet and submersible (both electrical and diesel) upto 30 HP of approved makes.

Who can be insured ?
Owners of pump-set or financing banks and manufacturers of pump-set can insure under Pump-set Package Policy.

Insured against What Risks ?
Fire and lightning.

PTheft/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.