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EQUIPMENT NAMED PERILS INSURANCE
Introduction
This policy is designed to cover mobile equipment that is not licensed for use on the road e.g. forklifts, tractors and cranes operating within a confined private area.
Scope of Cover
This policy will indemnify the Insured against loss of or damage to the Equipment, its accessories and spare parts whilst thereon by:
- Accidental collision or overturning.
- Fire, external explosion, self-ignition or lightning.
- Burglary, housebreaking or theft.
For further information about this product, please contact our nearest branch and our customer service staff will gladly assist you.
Principal Exclusions
- Outside the Territorial Limit.
- Whilst in transit (including the process of loading and unloading)
- Whilst the Equipment is operated by unauthorised operator.
- Conseqential loss of whatsoever nature
- Willful or dishonest act of Insured's employees.
- Earthquake, flood, typhoon, landslide or sinking.
- War, strike and riot
- Nuclear weapons material, ionising and radiation.
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