This insurance is specially designed to cover against loss or damage to mobile equipment such as excavator, tractor etc. used beyond the Insured's premises e.g. at contract sites. Provided always that the said equipment is not licensed for road use and for which a certificate of Motor Insurance is not required. The standard policy covers the insured equipment and its standard accessories and parts whilst thereon by
- accidental collision or overturning or collision or overturning consequent upon mechanical breakdown or consequent upon wear and tear;
- fire external explosion self-ignition or lightning;
- burglary housebreaking or theft.
In addition, if the equipment is disabled by reason of loss or damage insured under the policy, the Company will bear the cost of not exceeding RM500.00 reasonably incurred for its protection and removed to the nearest repairers and for its delivery within the country where the loss or damage was sustained.