Digit Contractors Plant and Machinery Insurance

Digit Contractors’ Plant and Machinery Insurance provides financial protection for construction equipment from unforeseen physical damage. Whether the machinery is in operation, at rest, under maintenance, or being relocated within the project site, this policy ensures your equipment is covered. It includes various types of machinery, such as cranes, excavators, and loaders, offering peace of mind for your construction projects.

₹30 Lakh cover starting at ₹10,000/year/project⁺

Safeguard your most valuable assets from

sudden breakdown

accidental loss/damage

human errors

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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

1. What types of machinery can be under covered under Digit Contractors Plant & Machinery Insurance?

Ans: Digit’s CPM policy covers a variety of construction equipment such as excavators, cranes, rollers, concrete mixers, and other on-site machinery, whether owned or rented.
2. When does the coverage begin?

Ans: The insurance becomes active once the machinery is fully installed, tested, and ready for use
3. Does Digit’s policy cover machinery while it's being moved within the project site?

Ans: Yes, the policy typically covers equipment while it's at work, idle, under maintenance, or being relocated within the premises.
4. Is theft covered under this insurance?

Ans: Theft may be covered, depending on the terms and any optional add-ons chosen. It’s best to check the specific inclusions in your plan.
5. Does the policy cover internal mechanical or electrical breakdowns?

Ans: No, internal breakdowns are usually not covered unless they result in external, physical damage.
6. Is damage during transportation between sites included?

Ans: No, this policy does not include coverage for machinery in transit. A separate transit insurance policy is required for that.
7. Is temporary or hired equipment eligible for coverage?

Ans: Yes, as long as the equipment is declared in the policy and is being used at the insured project site.