Prestige Machinery Breakdown Insurance provides comprehensive cover against sudden and unforeseen physical loss or damage to your insured machinery — whether at work, at rest, or under maintenance.
Our policy protects insured machinery against sudden and unforeseen physical loss or damage necessitating repair or replacement — covering a wide range of mechanical, electrical, and operational events.
Fortuitous working accidents, wherever on-premises.
Machinery Breakdown covers the unexpected — not wear and tear, but the sudden, accidental events that bring operations to a halt without warning.
Comprehensive protection across the full lifecycle of machinery operation and maintenance — from active use through routine servicing.
At Work
Full coverage while the machine is actively running in normal operation.
At Rest
Coverage continues even when the machine is idle or shut down.
During Maintenance
While dismantled for cleaning, overhauling, or routine servicing.
During Re-Erection
When being reassembled after maintenance within the premises.
Being Shifted
While being moved within the specified premises listed in the schedule.
On Specified Premises
As long as machinery remains at the premises named in the policy schedule.
A straightforward four-step process to get your machinery repaired and operations restored as quickly as possible.
Stop & Secure the Machine
Shut down the affected machinery immediately to prevent further damage. Do not attempt repairs or remove any components before notifying Prestige Assurance.
Notify Prestige Assurance
Contact us by phone or in writing as soon as possible. Provide the machine details, location, nature of the breakdown, and your policy number.
Submit Documentation
Complete the claim form and attach repair quotations, maintenance records, and clear photographs of the damaged machinery and affected area.
Assessment & Settlement
Our loss adjuster will inspect and assess the damage. Settlement is made for repair or replacement to restore the machinery to its pre-loss condition — fast.
A machinery breakdown can halt production, cause revenue losses, and damage business reputation. Prestige Assurance ensures you stay operational with fast, fair claims settlement.