This insurance policy compensates you for the costs of repair or replacement arising from covered, unforeseen circumstances. This coverage is effective even if the equipment is not in use, has been dismantled for maintenance or overhauling, or is being moved on your premises.
With an additional premium, the policy can be extended to cover the following:
- Property surrounding insured equipment
- Third party liability
- Express freight, overtime, holiday wages etc.
- Air freight
- Additional customs duty
For a more exhaustive list and other details, please read the policy wordings.