This policy covers all different types of machinery used for handing material or construction.
The policy can be taken by any one of the following parties, either individually or jointly :-

• The owner of the machine
• The contractor / user of the construction machinery

The financial institutes who have an interest in the construction machinery.
The policy covers sudden, accidental, external damage to the insured machinery due to any cause other than those specifically excluded in the policy.
The policy covers the machinery whilst they are in operation or at rest or whilst being dismantled for the purpose of cleaning or overhauling or whilst being shifted within the premises or during subsequent re-erection, but in any case only after successful commissioning.