Page 179 - Misc Ebook IC 78

Miscellaneous Insurance

Some important exclusions are:
(i) Cost of dismantling, to and from transport to

workshop and cost of erection.
(ii) Faults existing at the time of commencement of

policy and known to the insured
(iii) Damage for which the manufacturer or supplier is

responsible.

The sum insured should represent 100% of new
replacement value. The rates of premium vary according
to the type of pump set, whether electrical or diesel/oil,
and the capacity in Horsepower. There is a excess
applicable to machinery breakdown claims only and the
amount of excess depends on the type of set and its
capacity. There are discounts for group policies, long
term policies and for 'no claim' periods.

(D) Sports Insurance - This provides protection to amateur
sportsmen covering their sporting equipments, loss or
damage of personal effects and clothing, legal liability
of the insured and his family members, and accidental
bodily injury.

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