1. Insured Object
- Machinery and equipmentof a plant in its erection
- Machinery and equipment incorporate erection work;
- The construction works facilitated and/or incorporated to the part of erection work;
- Existing property in/on insured side, custody or control of the Insured;
- Third party liability.
2. Scope of Cover
Section I - Material Damage
At any time during the period of cover the items or any part thereof entered in the Schedule which suffer any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded, in a manner necessitating repair or replacement, Insurer will indemnify the Insured in respect of such loss or damage as provided by payment in cash, replacement or repair (at their own option).
Section II -Third Party Liability
This insurance will compensate to the indemnifications which become liable to pay in respect of:
- accidental bodily injury to or illness of third parties (whether fatal or not),
- accidental loss of or damage to property belonging to third parties.
- Court fees which claimant claim against the Insurer and other outstanding fee which officially accepted by the Insurer.