Digit Contractors Plant and Machinery Insurance

Digit Contractors Plant and Machinery Insurance Inclusions 

The inclusions under the Digit CPM Insurance are as follows:

• Unexpected and accidental physical damage to insured machinery or equipment, unless the cause is specifically excluded.
• Damage occurring at the location(s) listed in the policy documents.
• Compensation options include repair, replacement, or payment—depending on what the insurer decides is most appropriate.
• Coverage remains valid when the machinery is:
• Operating
• Idle
• Being dismantled for maintenance or cleaning
• Being moved within the project site
• Or being reassembled—provided it has already been commissioned.
• The maximum payout for each item is capped at the insured amount specified in the policy.
• After a claim, the insured amount for that item can be restored for the rest of the policy term.

Digit Contractors Plant and Machinery Insurance Exclusions

The exclusions under the Digit Contractors Plant and Machinery Insurance are as follows:

• Negligence: If damage happens due to careless actions by the insured or their team, it won't be covered.
• Terrorism: Losses arising from terrorist activities are excluded.
• War or Nuclear Risks: Any damage resulting from war, radiation, or nuclear-related incidents is not covered.
• Inactivity or Testing: Damage from prolonged disuse or during testing phases is not included.
• Existing Faults: Any damage before the policy was purchased is not eligible for claims.
• Mechanical/Electrical Failures: Breakdowns due to internal mechanical or electrical faults are not covered.

Boiler/Pressure Vessel Explosions: Damage due to explosions involving pressure vessels or boilers is not part of the coverage

Digit Plant & Machinery Insurance - FAQs