Page 216 - Misc Ebook IC 78

The Insurance Times

(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.

(iv) 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.

(v) Exclusions of cattle insurance:
(A) Common Exclusions :

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