Machinery Breakdown

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Corporate > Engineering Operations > Machinery Breakdown

Cholamandalam

This is an ideal policy for every industry where Mechanical & Electrical machines are used. It covers monetary costs involved in restoration of machine (after breakdown) to its original state.

The policy covers repair or replacement costs incurred due to breakdown of machineries

Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.

* Conditions Apply

Fire and allied perils, chemical explosion, burglary & theft

Wear and tear

War and allied perils

Willful acts or gross negligence on the part of the Insured or of his representatives

Pre existing faults or defects

Guarantee related losses

Nuclear perils

Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.

* Conditions Apply

Commercial Claims Mission

•	To bring harmony to the customer by ensuring prompt and fair settlement of claims without too many procedural hassles

Core Purpose

•	We bring peace of mind to our clients through protection from financial risks

Procedure

•	Registration and Survey: In the event of a claim, upon intimation, the claim is instantly registered and surveyors appointed as per Regulatory norms
•	Assessment and Documentation: Our appointed surveyor would assist you in the documentation aspects
•	Settlement and Treatment of salvage: Claims fulfilling policy terms and conditions, considered for settlement. Salvage disposal would be done with the consent of the insured

Assistance

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In the event of meeting with an incident, by which a claim can arise, in terms of policy coverage, please call any of our offices or call 1-800-200-55-44, 24 hr national toll free number, with the following basic information

•	Your Contact numbers
•	Policy Number
•	Name of Insured
•	Date & Time of Loss
•	Location of Loss
•	Contact details at Loss Location
•	Nature of Loss

Recent Developments/Initiatives

•	E-Auction to maximise Salvage
•	Post Loss Risk Analysis to improve Risk Management techniques
•	Monsoon Preparedness Brochures

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