Overview
This insurance is specially designed to cover against loss or damage to mobile equipment such as excavators and tractors, used beyond the insured premises.
Coverage
This Policy covers
- loss or damage to your mobile equipment (such as forklift, excavator etc.) and its standard accessories and parts whilst thereon by accidental collision or overturning, collision or overturning resulting from mechanical breakdown or wear and tear, fire, external explosion, self-ignition, or lightning, burglary, housebreaking or theft.
- In addition, if the Equipment is immobilised due to insured loss or damage under this Policy, we will pay You up to a maximum sum of RM500.00 for its protection, removal to or repair at the nearest repairers and delivery after repairs back to You within the country where the loss or damage occurred.
Note: Please refer to the Policy Contract for the full product features and benefits.
The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Berjaya Sompo Insurance Berhad or PIDM (visit www.pidm.gov.my)
Major Exclusions
This Policy does not cover :
- Loss/damage arising from war, terrorism and nuclear risks;
- Equipment licensed for road use and for which a Certificate of Motor Insurance is required;
- Equipment operating on board any waterborne vessel unless approved by us;
- Loss/damage due to overloading or strain;
- Loss of accessories and parts unless the equipment is stolen at the same time;
- Loss/damage due to the willful or dishonest act of the Insured’s employees or any person to whom the equipment is entrusted;
- Loss/damage caused by atmospheric conditions, depreciation, mechanical or electrical breakdown/failures/breakages or wear and ear;
- Loss/damage caused by the operator who is under the influence of alcohol or drugs;
- Damage to tyres unless the equipment is damaged at the same time.
Note: This list is non-exhaustive. Please refer to the Policy Contract for the full list of exclusions.
