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Machinery Breakdown Insurance

It provides repair and replacement costs required by any damage arising from sudden and unexpected reasons after the test cycle of the machinery and facilities.

The losses guaranteed by Machinery Breakdown Insurance are as follows:

  • Business accidents
  • Loss and damage caused by incorrect design
  • Lubrication defect
  • Storm, frost and ice drifting
  • Misuse, ignorance and neglect
  • Other reasons for short circuit and electrical energy
  • Blockage, entry of foreign substances
  • Rupture due to centrifugal force
  • Water deficiency in boilers
  • Water hammer
  • Deformations caused by low pressure

Optional guarantees you can receive along with Machinery Breakdown Insurance are as follows:

  • Physical Explosion
  • Damages to the foundation and bases of the machines
  • Strikes, lockouts, uproars, civil commotions, terrorism
  • Overtime and serial transportation costs required as a result of damage
  • Extensive Comprehensive Insurance (fire, earthquake, flood, soil collapse, rock fall, crash, collision, rollover as well as theft if requested) for movable construction machines (excavator, dozer, loader, crane, forklift etc.).

In the Machinery Breakdown Insurance, the asset that is the basis of insurance is the replacement value of the machines compared to new ones.

To access more detailed information on the product visit www.neova.com.tr

Click here for General Conditions of Machinery Breakdown Insurance.

Neova Sigorta

Neova Sigorta’s core principle is the diligence that it shows on the principle of interest-free banking in all operations and agreements in the branches where it operates.

Detailed Information